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121 Wallum Lake Rd Douglas — Photo 1 of 38

121 Wallum Lake Rd Douglas — Photo 1 of 38

$725,000

Investment Analysis — 121 Wallum Lake Rd

Douglas, MA 01516

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01516 carries an estimated $2,950/mo in gross rent — about a 2.62% cap rate and $18,999/yr in estimated NOI at the $725,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

2,985

Style

Single Family

Built

2003

Welcome home to this beautifully renovated Cape nestled on 2.44 private, wooded acres directly abutting Douglas' Wallum Lake State Forest! Built in 2003 and thoughtfully updated in 2023, this home offers the perfect blend of classic New England charm and modern comfort. The first floor features an eat-in kitchen with a slider that opens to a composit deck overlooking the back yard, a large dining room, fireplaced living room, a bedroom/office and full bath ideal for one-level living or guests along with a warm and inviting living space. Upstairs you'll find three additional bedrooms and a second full bath, offering plenty of room for the whole family. But the real showstopper is the attached 3-car garage that has a beautiful epoxy finished floor with a fantastic in-law apartment above it approximately 1,025 sq. ft. of additional living space complete with its own bedroom, full bathroom, laundry hookup, and an open kitchen/family room combo. Perfect for multi-generational living, guests, rental income potential, or a private home office/studio setup. Outside, enjoy true country living with direct access to the trails, swimming, boating, and fishing of Wallum Lake and Douglas State Forest all just steps from your back door. Whether you're an outdoor enthusiast or just looking for peace, privacy, and space to spread out, this property delivers it all while still being close to everyday conveniences. Don't miss this rare opportunity to own a versatile, move-in-ready home with income/in-law potential in one of Douglas's most sought-after natural settings!

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 2,985 sq ft principal dwelling). Lot size: 106,286 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.

Open Houses

Property Details

Financials

Original Price$725,000
Annual Taxes$7,905

Parking

Garage3
Off-Street7

Interior Specifications

Total Rooms10
Fireplaces1
FlooringTile, Carpet, Wood Laminate, Flooring - Stone/Ceramic Tile, Laminate
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingCentral, Baseboard, Radiant, Oil
CoolingDuctless
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres2.44
SqFt Lot106,286
Lot FeaturesWooded

Amenities & Appliances

Water Heater • Disposal • Microwave • Water Treatment • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Oven • Stainless Steel Appliance(s) • Plumbed For Ice Maker

Neighborhood

Shopping • Pool • Park • Walk/Jog Trails • Stable(s) • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBedroom 4Bathroom 1
Living Room
Lvl First

18 x 13

Recessed Lighting

Dining Room
Lvl First

21 x 13

Recessed Lighting, Lighting - Overhead

Kitchen
Lvl First

18 x 26

Lighting - Overhead

Primary Bedroom
Lvl Second

17 x 20

Ceiling Fan(s), Walk-In Closet(s)

Bedroom 2
Lvl Second

17 x 15

Bedroom 3
Lvl Second

13 x 11

Bedroom 4
Lvl First

12 x 13

Ceiling Fan(s)

Bathroom 1
Lvl First

7 x 10

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

8 x 8

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded

Bathroom 3
Lvl Second

11 x 11

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Steven D'Angelo

Listing Office: eXp Realty LLC

MLS® Number: 73584219