138 Walnut Douglas — Photo 1 of 42
$689,000
Investment Analysis — 138 Walnut
Douglas, MA 01516
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01516 carries an estimated $2,660/mo in gross rent — about a 2.51% cap rate and $17,314/yr in estimated NOI at the $689,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,120
Style
Single Family
Built
2003
Welcome home! This charming Colonial offers a spacious, versatile layout with generous living areas and numerous updates throughout. Set on over 2 acres, the property provides plenty of privacy and room to enjoy the outdoors, whether you’re gardening, entertaining, or simply relaxing and taking in the peaceful wooded surroundings. Inside, the finished basement provides valuable additional living space perfect for a home theater, game room, sports lounge, or entertaining area. The main level offers a comfortable flow for everyday living and hosting family and friends. Recent updates include a new roof with a spray foam insulated attic (2021), renovated kitchen (2023), fresh interior paint, a new energy efficient oil furnace (2025), sealed and insulated garage doors (2026), and new bedroom carpeting (2026). With its spacious layout, private setting, and extensive list of updates, this home is truly move in ready. Don’t miss the opportunity to make this home your own!
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 2,120 sq ft principal dwelling). Lot size: 101,059 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
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator
Geography
Listing Agent: Adrian Olivera
Listing Office: Keller Williams Realty North Central
MLS® Number: 73579884
