40 S Main St Milford — Photo 1 of 24
Recent Drop: $36,000
$479,000
Investment Analysis — 40 S Main St
Milford, MA 01757
Based on HUD Small Area Fair Market Rent for Eastern Worcester County, MA HUD Metro FMR Area, a home in 01757 carries an estimated $1,570/mo in gross rent — about a 1.70% cap rate and $8,140/yr in estimated NOI at the $479,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
--
SqFt
1,792
Style
Other
Built
1952
Rare opportunity to own a free-standing retail building, with steel I-beam construction in the heart of Milford’s sought-after downtown community. Built in 1952, this property at 40 S Main St has a rich history of commercial success, having been operated as a local floor covering company for over 50 years. This landmark site offers 1,792 square feet of versatile space with 12-foot ceilings, ideal for a showroom, professional office, or boutique. Strategically located with high visibility and excellent access to RT 16 and public transportation, the building features a paved driveway and ample parking. Legal non-conforming, it represents a stable and proven location for your next venture. The building is connected to public water and sewer utilities. This is a unique chance to secure a property with decades of established presence in a vibrant business district.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$479,000
Was $489,000
Aug 29, 2026
MLS® 73487090
$489,000
Was $515,000
May 7, 2026
MLS® 73487090
$515,000
Mar 16, 2026
MLS® 73487090
$489,900
Mar 12, 2026
MLS® 73453603
$489,900
Feb 28, 2026
MLS® 73453606
$489,900
Nov 11, 2025
MLS® 73453606
$489,900
Nov 11, 2025
MLS® 73453603
$589,900
Jun 30, 2025
MLS® 73334352
$589,900
Feb 11, 2025
MLS® 73334352
Listing Agent: The Elevate Group
Listing Office: Keller Williams Pinnacle Central
MLS® Number: 73487090