Active

88 Days on market

515 Main St Shrewsbury — Photo 1 of 42

$775,000

Investment Analysis — 515 Main St

Shrewsbury, MA 01545

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 5-bedroom in 01545 carries an estimated $3,850/mo in gross rent — about a 3.69% cap rate and $28,621/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,748

Style

Single Family

Built

1800

Do not miss your last opportunity to own this extraordinary home before it is withdrawn from the market. Rich in history and thoughtfully restored, this distinguished Colonial was once owned by renowned agricultural pioneer and inventor of the modern plow, Joel Nurse. The main living area offers 4 beds and 1.5 baths w/ pristine hardwood flooring throughout. The European-inspired kitchen features quartz countertops and tile flooring. The dining room showcases wainscoting, while the living room offers built-ins and a wood-burning fireplace. A renovated half bath and sun-filled sunroom complete the main level. Upstairs are 4 spacious bedrooms and a full bath, including a primary suite w/ walk-in closet, dressing area, and walk-up attic. The refreshed in-law suite includes open living/dining, kitchen, full bath, and bedroom, which is ideal for extended family/ADU potential. Set on a level and expansive lot, complete w/ a patio, stone wall, and thriving organic garden.

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 2,748 sq ft principal dwelling). Lot size: 13,176 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.