Active Under Contract
18 Days on market
490 Main Street Oxford — Photo 1 of 32

490 Main Street Oxford — Photo 1 of 32

$345,000

Investment Analysis — 490 Main Street

Oxford, MA 01540

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01540 carries an estimated $1,680/mo in gross rent — about a 3.40% cap rate and $11,732/yr in estimated NOI at the $345,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,351

Style

Single Family

Built

1940

OFFERS DUE MONDAY 8/31 at noon! This adorable Cape has everything you need and more! A newly built entryway off the back of the home creates a charming mudroom area - perfect for keeping everyday essentials organized. Enter inside to find beautiful hardwood floors throughout, with a cozy fireplace anchoring the inviting living room. The kitchen offers ample cabinet storage and flows seamlessly into the formal dining room, perfect for those who love to entertain. Upstairs, you’ll find two comfortable bedrooms, each offering generous closet space, along with a full bathroom just off the hallway featuring sky-high vaulted ceilings and a skylight that fills the space with natural light. The finished basement offers a versatile recreation room, providing the perfect space for a home gym or media room! Outside, the backyard is a true retreat, filled with established perennial flowers that add beautiful seasonal color. The space is also complete with a patio, screened-in gazebo, firepit, garden area, and storage shed for all your outdoor essentials. For added comfort, recently installed mini-spits on both living levels provide cooling throughout the home. A new septic system will be installed prior to closing! Centrally located with easy access to major routes, shopping, dining, and local amenities, this charming Oxford Cape is one you won’t want to miss!

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: 676 sq ft (the lesser of 900 sq ft or half the 1,351 sq ft principal dwelling). Lot size: 16,000 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.

Immersive Experience

Property Details

Financials

Original Price$345,000
Annual Taxes$3,590

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms5
Fireplaces1
FlooringLaminate, Hardwood
BasementFull, Partially Finished, Interior Entry, Bulkhead

Climate & Utilities

HeatingBaseboard, Oil
CoolingHeat Pump, Ductless
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningGB

Property & Lot

Acres0.37
SqFt Lot16,000
Lot Features--

Amenities & Appliances

Water Heater • Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchen
Living Room
Lvl First

12 x 21

Flooring - Hardwood

Dining Room
Lvl First

12 x 12

Flooring - Hardwood

Kitchen
Lvl First

12 x 9

Ceiling Fan(s), Flooring - Laminate

Master Bedroom
Lvl Second

12 x 20

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

12 x 13

Bathroom 1
Lvl Second

8 x 7

Bathroom - With Tub & Shower, Skylight, Vaulted Ceiling(s), Closet - Linen, Flooring - Laminate, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: The Balestracci Group

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73568052