Investment Analysis — 153 Main St

Rutland, MA 01543

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01543 carries an estimated $2,250/mo in gross rent — about a 5.56% cap rate and $16,670/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,224

Style

Single Family

Built

1775

Opportunity awaits at 153 Main Street in Rutland! Set on approximately ±3.2 acres, this property offers a unique opportunity for contractors, investors, developers or buyers looking to take on a renovation project. The existing single-family residence offers approximately ±1,224 sq. ft. of living area with 4 bedrooms and 2 baths per public record and is substantially gutted and unfinished. Much of the interior has been opened up, providing access to exposed framing and creating a blank canvas for its next owner. Adding to the property's potential is its split TCD-1 and R-40 zoning. The TCD-1 portion provides potential for a variety of uses subject to applicable site-plan approval or special permitting. Options include single-family and two-family dwellings, mixed residential/nonresidential buildings, professional and business offices, retail, personal-service businesses, restaurants, bakeries, day-care centers and other uses. The R-40 portion permits one- and two-family dwellings along with other permitted uses. Buyers and buyer agents should perform their own due diligence with the Town regarding any intended use, expansion, redevelopment or subdivision potential. Public water and sewer are available at the street, offering another important consideration for future renovation or redevelopment plans. Bring your contractor, your plans and your vision. With over 3 acres, Main Street frontage, flexible zoning considerations and an existing structure ready for rehabilitation, this property presents possibilities that extend well beyond a typical fixer-upper. Property is being sold in its current condition. Buyer responsible for all due diligence and verification of intended use, utilities, permitting and development potential. Showings available only during open houses on Sunday, October 11th from 11:00 am to 1:00 pm and on Friday, October 16th from 1:00 pm to 3:00 pm. All offers due by 5:00 pm on or before Tuesday, October 20, 2026. This property is being sold as is. Non-negotiable Purchase and Sale.

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: 612 sq ft (the lesser of 900 sq ft or half the 1,224 sq ft principal dwelling). Lot size: 138,956 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.