
515 Prospect St West Boylston — Photo 1 of 42
Recent Drop: $24,901
$624,999
Investment Analysis — 515 Prospect St
West Boylston, MA 01583
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01583 carries an estimated $2,640/mo in gross rent — about a 2.76% cap rate and $17,250/yr in estimated NOI at the $624,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,724
Style
Single Family
Built
1987
For almost 20 years, the owners of this West Boylston home have carefully updated it with comfort, efficiency, and cost effective living in mind. Step inside and you are greeted by a spacious family room with cathedral ceilings, abundant natural light, and a beautiful view overlooking the 1.26 acre lot. A wood stove adds warmth to the space, while access to the deck brings the outdoors right into the heart of the home. From here, flow into the kitchen featuring freshly painted cabinetry (2026) and stainless steel Frigidaire appliances. Just off the kitchen is the dining room, with a bright living room nearby offering even more space to gather and unwind. A half bath completes the main level. Upstairs, you will find four generously sized bedrooms, including the primary suite with an updated ensuite bath. A second renovated full bath serves the additional bedrooms. The partially finished basement continues the living space with a recreation room, office, and workshop. Throughout the home, years of intentional upgrades were chosen to make everyday living more efficient, including an owned solar electric system, solar hot water, R-50 MassSave insulation, triple pane windows, ductless mini splits, and a high efficiency ventless heat pump washer/dryer (2025). Outside, the 1.26 acres offer a patio, firepit, mature cherry and dogwood trees, established perennials, and plenty of room to garden, entertain, or enjoy the yard. Additional updates include new deck flooring, newly painted exterior surfaces, a sealed driveway, and a 2 car carport with EV charger. Convenient to Routes 190/290, Wachusett Reservoir, Old Stone Church, golf, parks, restaurants, and shopping. After almost two decades of ownership, this home reflects years of updates made with purpose, creating a space that is comfortable to live in and efficient to maintain!
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: 900 sq ft (the lesser of 900 sq ft or half the 2,724 sq ft principal dwelling). Lot size: 54,886 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.
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Financials
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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Laundromat • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First23 x 12
Flooring - Wall to Wall Carpet, Lighting - Overhead
Dining Room
Lvl Main,First13 x 9
Flooring - Stone/Ceramic Tile, Exterior Access, Slider, Lighting - Overhead
Kitchen
Lvl Main,First13 x 12
Flooring - Stone/Ceramic Tile, Lighting - Overhead
Office
Lvl First12 x 11
Flooring - Wall to Wall Carpet
Family Room
Lvl Main,First13 x 12
Wood / Coal / Pellet Stove, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Deck - Exterior, Exterior Access, Slider
Primary Bedroom
Lvl Second16 x 13
Bathroom - Full, Closet, Flooring - Vinyl
Bedroom 2
Lvl Second13 x 12
Bedroom 3
Lvl Second12 x 11
Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second11 x 11
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,First8 x 7
Bathroom - Half, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Second8 x 7
Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second6 x 5
Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$624,999
Was $649,900
Sep 1, 2026
MLS® 73564493
$649,900
Aug 17, 2026
MLS® 73564493
$649,900
Jul 29, 2026
MLS® 73540247
$649,900
Jun 23, 2026
MLS® 73540247
Listing Agent: Jim Black Group
Listing Office: Real Broker MA, LLC
MLS® Number: 73564493