43 Spruce Street Shrewsbury — Photo 1 of 36
$529,900
Investment Analysis — 43 Spruce Street
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 4.95% cap rate and $26,248/yr in estimated NOI at the $529,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,224
Style
Single Family
Built
1947
Welcome home! This delightful Cape-style home offers 3 bedrooms and 2 full baths. Featuring a warm and inviting living room centered around a brick fireplace creating a sense of classic New England charm, perfect unwinding and cozy nights at home. Upstairs you will find two spacious bedrooms with thoughtfully designed built-in storage, including drawers and cubbies that enhance both functionality and character. The expansive yard and deck offer plenty of room for outdoor entertaining and recreation to be enjoyed year-round. A detached one-car garage adds extra storage and livability. This well cared for home boasts major improvements including a new roof and siding installed in 2022 as well as a brand-new water heater in 2026. Conveniently located minutes from the town center and easy access to major highways, shopping, dining, and everyday amenities. This property combines comfort, functionality, and commuter-friendly convenience. Come check out all 43 Spruce Street has to offer!
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: 612 sq ft (the lesser of 900 sq ft or half the 1,224 sq ft principal dwelling). Lot size: 12,196 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
Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 11
Flooring - Hardwood
Dining Room
Lvl First11 x 11
Closet, Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl First12 x 11
Flooring - Laminate, Countertops - Upgraded, Cabinets - Upgraded, Deck - Exterior, Lighting - Overhead
Master Bedroom
Lvl First11 x 11
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second11 x 16
Bedroom 3
Lvl Second11 x 16
Ceiling Fan(s), Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl First5 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Bathroom 2
Lvl Second6 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Listing Agent: Megan Sullivan
Listing Office: eXp Realty LLC
MLS® Number: 73571985