Investment Analysis — 12 Waterman Rd

Auburn, MA 01501

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01501 carries an estimated $2,230/mo in gross rent — about a 3.29% cap rate and $14,800/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,075

Style

Single Family

Built

1962

Welcome to this solidly built, charming 3-bedroom home in a convenient Auburn location. Recently updated throughout, a first-floor primary bedroom, oversized two car garage and flat back yard make this one a gem you don’t want to miss! Improvements include but not limited to: Samsung heat pump/mini-split systems in upstairs bedrooms (2026) upgraded 200-amp electrical panel (2026) Mass Saves energy efficient attic and basement insulation, air sealing, and exterior door weather sealing (2026) refinished hardwood floors (2023), new luxury vinyl plank flooring (2023), recessed lighting (2023), a newly tiled mudroom (2023) pet electric fence underground wiring installation (2024), radon mitigation system (2025) wifi super quiet garage doors (2023) and a new storage shed (2024). Smart home features included with the sale are a Nest thermostat, Nest WiFi-enabled smoke and carbon monoxide detectors, and Ring exterior floodlight cameras. Additional highlights include a young furnace, hot water tank, and central air system; vinyl thermal-pane double-hung windows; a new storm door; an approximately 14-year-old roof; and an oversized attached two-car garage. The flat backyard offers a patio and ample space for outdoor enjoyment. Connected to public sewer and ideally located near shopping, dining, local amenities, and major commuter routes, this move-in-ready home combines comfort, efficiency, and convenience. Schedule your showing today and discover all this wonderful property 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: 538 sq ft (the lesser of 900 sq ft or half the 1,075 sq ft principal dwelling). Lot size: 12,630 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.