302 Lake Street Shrewsbury — Photo 1 of 42
Recent Drop: $10,000
$889,999
Investment Analysis — 302 Lake Street
Shrewsbury, MA 01545
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 7-bedroom in 01545 carries an estimated $3,850/mo in gross rent — about a 2.96% cap rate and $26,301/yr in estimated NOI at the $889,999 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
4.5
SqFt
3,276
Style
Single Family
Built
1954
A CUSTOM BUILT & WELL MAINTAINED 2 LEVELS COLONIAL. PERFECT FOR IN-LAW OR LARGE FAMILIES. A WELCOMING OPEN CONCEPT LAYOUT. LARGE LIVING / DINING ROOM. 2 FULL KITCHENS WITH UPDATED CABINETS AND MARBLE COUNTERTOPS. FULL S.S. APPLIANCES, RANGE, FRIDGE, D.W. 7 GOOD SIZE BEDROOMS AND 4.5 BATHS. GLEAMING HARDWOOD FLOORING THROUGHOUT MOST OF THE HOME & TILE IN THE BATHROOMS. MAIN LEVEL, IN-LAW LIVING SPACE HAS 4 BEDROOM 2.5 BATHS AND LARGE FAMILY ROOM WITH SLIDER LEADING TO THE OUTSIDE PATIO. 2ND LEVEL OFFER 3 MORE BEDROOMS AND 2 FULL BATHS. SEPARATE HV/AC FOR BOTH LEVELS. SITUATED IN A CONFORMING NEIGHBORHOOD ON A 0.36 CORNER ACRES LOT. PAVED DRIVEWAY WITH AMPLE PARKING. A SPACIOUS REAR YARD & A LARGE BACKYARD PERFECT FOR THE GARDEN LOVERS & PET FOR RELAXING FAMILY COOKOUTS.LOCATED IN A PRIME SPOT WITH QUICK ACCESS TO MAJOR ROUTES & LOCAL SHOPPING, UMASS HOSPITAL AND MEDICAL SCHOOL, THE LAKEWAY DISTRICT, LAKE QUINSIGAMOND, MARKETS, RESTAURANT
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,276 sq ft principal dwelling). Lot size: 15,790 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Laundromat • Conservation Area • Highway Access
Geography
Property History
$889,999
Was $899,999
Sep 11, 2026
MLS® 73541979
$899,999
Jun 25, 2026
MLS® 73541979
Listing Agent: Christina Kelly
Listing Office: ALL CAPITAL REALTY, LLC
MLS® Number: 73541979