309 Purchase Street Milford — Photo 1 of 34
$349,900
Investment Analysis — 309 Purchase Street
Milford, MA 01757
Based on HUD Small Area Fair Market Rent for Eastern Worcester County, MA HUD Metro FMR Area, a 3-bedroom in 01757 carries an estimated $3,160/mo in gross rent — about a 7.17% cap rate and $25,104/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
702
Style
Single Family
Built
1890
AVAILABLE! BUYER UNABLE TO SECURE FINANCING. Lowest priced single-family home in Milford! A great opportunity for buyers looking to build equity! Set on a sizable, level lot with plenty of parking and potential for expansion and or adding garage structure, etc. The home offers a classic layout with versatile 3 season enclosed porch, refreshed first-floor living space, and Kitchen ready for your updates. Upstairs features 3 bedrooms with classic charm. While the home would benefit from updates, it presents a strong opportunity with an attractive price point and significant upside potential. Conveniently located just minutes to Rt. 495 (~3 mi) and the Mass Pike (~7 mi), with easy access to shopping, dining, and everyday amenities. Bring your vision and unlock the potential!
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: 351 sq ft (the lesser of 900 sq ft or half the 702 sq ft principal dwelling). Lot size: 10,001 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Refrigerator • Washer/Dryer
Neighborhood
Medical Facility • Bike Path • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wall to Wall Carpet, Exterior Access
Kitchen
Lvl FirstFlooring - Laminate
Primary Bedroom
Lvl SecondCeiling Fan(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl Main,FirstBathroom - Full
Listing Agent: Lioce Properties Group Powered By Keller Williams
Listing Office: Lioce Properties Group powered by Keller Williams
MLS® Number: 73512924
