
16 Wheeler Rd Westborough — Photo 1 of 42
$845,000
Investment Analysis — 16 Wheeler Rd
Westborough, MA 01581
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01581 carries an estimated $3,960/mo in gross rent — about a 2.98% cap rate and $25,190/yr in estimated NOI at the $845,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,494
Style
Single Family
Built
1969
Welcome to 16 Wheeler Road, a spacious and thoughtfully expanded Colonial cared for by the same family for 42 years. It offers a wonderful blend of classic character, generous living space, and modern updates. Set in desirable Westborough, this 4-bedroom, 3-bath home offers approximately 2500 sqft of living space, with additions on both sides of the original home creating a versatile floor plan. At the heart of the home is the beautifully renovated kitchen, updated about two years ago. The main level offers multiple inviting gathering spaces, including a welcoming family room with a gas fireplace featuring thermostat-controlled remote operation, providing both warmth and ambiance. The dining room is enhanced by a beautiful custom built-in, adding character, storage, and functionality. The substantial addition completed around 1990 added a large sitting room with a full bath, which can be used first-floor primary bedroom suite. The upper level has 4 good-sized bedrooms and a full bath. Beautiful hardwood floor throughout majority of the house. A two-car garage leads to a partially finished basement with great potentials. The house is surrounded by beautiful flower beds and vegetable gardens waiting for someone with a green thumb to keep them flourishing. The elementary schools, middle school and high school, town center and train station are all within 3 miles. Important improvements include a new roof installed in August 2018 and a heating system replaced in 2012. With its spacious expanded layout, updated kitchen, 5-bedroom setting, 3 full baths, numerous improvements and convenient location, this house offers exceptional flexibility and plenty of room to make it your own. Quick closing preferred.
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 2,494 sq ft principal dwelling). Lot size: 12,497 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
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Conservation Area • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail
Kitchen
Lvl FirstFlooring - Laminate, Countertops - Stone/Granite/Solid, Open Floorplan, Remodeled, Stainless Steel Appliances, Lighting - Pendant, Lighting - Overhead
Office
Lvl FirstSkylight, Ceiling - Cathedral, Flooring - Hardwood
Family Room
Lvl FirstSkylight, Cathedral Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Laminate, Exterior Access, Open Floorplan, Gas Stove, Lighting - Overhead
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled
Bathroom 2
Lvl Main,FirstBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: Lanting Huangtruong
Listing Office: StartPoint Realty
MLS® Number: 73579043
