38 Laurelwood Rd Sterling — Photo 1 of 40
$484,900
Investment Analysis — 38 Laurelwood Rd
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01564 carries an estimated $2,590/mo in gross rent — about a 3.73% cap rate and $18,102/yr in estimated NOI at the $484,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,408
Style
Single Family
Built
1900
Loads of charm in this antique cape farmhouse style home. The front porch welcomes you to sit awhile. First floor features an open concept kitchen and dining room featuring a bay window and a charming fireplace that had been adapted for a woodstove that is no longer connected, it is for decorative purposes only. The space creates a cozy, relaxing area to have your meals and morning coffee.. 1.5 baths on first floor. Living room with slider out to the deck in the backyard. Beamed ceilings add extra charm! Off the kitchen is an office/den with old wide pine floors and decorative only stove/ fireplace. The second floor has 1 full bath, skylights in 2 of the bedrooms, primary bedroom has a decorative only fireplace. Good closet space, old wide pine floors, whole house fan and pull down stairs to the attic The backyard is an oasis with room to roam, and entertain, flower gardens galore and beautiful spaces. This country home also has a detached 2 car barn/garage with loft. Title v passed, well water. Could use some updates. A great opportunity for the antique home lover! Great commuter location.
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: 704 sq ft (the lesser of 900 sq ft or half the 1,408 sq ft principal dwelling). Lot size: 43,560 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 • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstBeamed Ceilings, Flooring - Wall to Wall Carpet, Slider
Dining Room
Lvl Main,FirstFlooring - Vinyl, Window(s) - Bay/Bow/Box
Kitchen
Lvl Main,FirstBeamed Ceilings, Flooring - Vinyl, Pantry, Country Kitchen, Open Floorplan
Office
Lvl FirstFireplace, Flooring - Wood
Master Bedroom
Lvl SecondSkylight, Ceiling Fan(s), Closet, Flooring - Wood, Attic Access
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Bathroom 2
Lvl FirstBathroom - Half, Flooring - Vinyl
Bathroom 3
Lvl SecondBathroom - With Tub & Shower, Flooring - Vinyl
Listing Agent: Nancy Castagna
Listing Office: StartPoint Realty
MLS® Number: 73560699