
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First18 x 13
Recessed Lighting
Dining Room
Lvl First21 x 13
Recessed Lighting, Lighting - Overhead
Kitchen
Lvl First18 x 26
Lighting - Overhead
Primary Bedroom
Lvl Second17 x 20
Ceiling Fan(s), Walk-In Closet(s)
Bedroom 2
Lvl Second17 x 15
Bedroom 3
Lvl Second13 x 11
Bedroom 4
Lvl First12 x 13
Ceiling Fan(s)
Bathroom 1
Lvl First7 x 10
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl Second8 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded
Bathroom 3
Lvl Second11 x 11
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Steven D'Angelo
Listing Office: eXp Realty LLC
MLS® Number: 73584219








