58 Merriam Road Princeton — Photo 1 of 12
Recent Drop: $64,000
$225,000
Investment Analysis — 58 Merriam Road
Princeton, MA 01541
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01541 carries an estimated $2,640/mo in gross rent — about a 8.53% cap rate and $19,196/yr in estimated NOI at the $225,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,767
Style
Single Family
Built
1865
In the shadow of the mountain! This antique farmhouse has the character of yesteryear. Nestled into the side of MT. Wachusett, this 1865 farm house is awaiting the next owner. Needs complete restoration. Metal ceilings. Furnace & windows replaced in 2003. Located on 2.0 acres. Formerly known as the Skinner farm. Main house is unoccupied. Ell needs tear down. Passed 5 min. perk test. Needs new septic . A classic location awaiting some new inspiration.. Quiet town of Princeton. Award winning school system. SOLD "AS IS" Buyer to do full diligence
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 2,767 sq ft principal dwelling). Lot size: 86,000 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • None
Geography
Property History
$225,000
Was $250,000
Aug 24, 2026
MLS® 73492449
$250,000
Was $265,000
Aug 3, 2026
MLS® 73492449
$265,000
Was $289,000
Apr 10, 2026
MLS® 73492449
$289,000
Mar 26, 2026
MLS® 73492449
$289,900
Dec 31, 2025
MLS® 73404689
$590,000
Dec 31, 2025
MLS® 73381330
$289,900
Jul 15, 2025
MLS® 73404689
$590,000
May 28, 2025
MLS® 73381330
Listing Agent: Joseph Lee
Listing Office: Steeplechase REALTORS®
MLS® Number: 73492449