9 Spring Terrace Shrewsbury — Photo 1 of 28
$450,000
Investment Analysis — 9 Spring Terrace
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 5.84% cap rate and $26,292/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,508
Style
Single Family
Built
1956
Potential abounds in this ideally located home, where location truly sets the stage! Situated on a large, level corner lot at Spring Terrace and Willow Woods Drive, this property offers endless possibilities for the buyer ready to make it their own. Inside, the living room features a fireplace and hardwood floors beneath the carpeting. The spacious kitchen offers plenty of room for an eat-in table and sliders leading to the deck. Three bedrooms, all with hardwood floors, share the main bath. The lower level provides abundant storage along with an additional full bath, and there is also a one-car under garage. Just around the corner from Spring Street School and directly across from the rear entrance to Dean Park, the setting is hard to beat. Bring your vision, your ideas, and your imagination—this is a wonderful opportunity to create something truly special.
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: 754 sq ft (the lesser of 900 sq ft or half the 1,508 sq ft principal dwelling). Lot size: 15,139 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19 x 13
Closet, Flooring - Wall to Wall Carpet, Cable Hookup, Exterior Access
Dining Room
Lvl First10 x 12
Closet, Flooring - Vinyl
Kitchen
Lvl First10 x 10
Flooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid, Deck - Exterior, Slider, Stainless Steel Appliances
Master Bedroom
Lvl First12 x 11
Closet, Flooring - Hardwood, Cable Hookup
Bedroom 2
Lvl First13 x 9
Bedroom 3
Lvl First9 x 11
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First5 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Bathroom 2
Lvl Basement9 x 6
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Vinyl
Listing Agent: Maribeth Mccauley Lynch
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73575559