330 Lake St Shrewsbury — Photo 1 of 21
$655,000
Investment Analysis — 330 Lake St
Shrewsbury, MA 01545
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01545 carries an estimated $3,470/mo in gross rent — about a 3.90% cap rate and $25,575/yr in estimated NOI at the $655,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,626
Style
Single Family
Built
1950
Welcome to this spacious and conveniently located home in a desirable Shrewsbury neighborhood. This three bedroom, two bathrooms living room in a open plan layout with a finished basement provides valuable additional living space, currently operating as a licensed daycare offers excellent flexibility and can also be used as a family room, home office playroom or entertainment space. The home is equipped with a five year old Navien NCB condensing combi boiler offering efficient heating and hot water. The large lot provides plenty of outdoor space for recreation, gardening or simply enjoy your surroundings. This home offers a wonderful combination of comfort, flexibility commuting and convenience, situated minutes away from grocery stores, restaurants, parks and elementary school ( Beal School). With easy access to major routes leading to nearby highways. A wonderful opportunity to make this versatile Shrewsbury home your own!
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: 813 sq ft (the lesser of 900 sq ft or half the 1,626 sq ft principal dwelling). Lot size: 20,040 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
Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Highway Access • Public School
Geography
Listing Agent: Viviane Latino
Listing Office: Mega Realty Services
MLS® Number: 73562420