
321 Princeton Rd Sterling — Photo 1 of 36
$1,025,000
Investment Analysis — 321 Princeton Rd
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 5-bedroom in 01564 carries an estimated $2,870/mo in gross rent — about a 1.91% cap rate and $19,604/yr in estimated NOI at the $1,025,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
4,176
Style
Single Family
Built
1760
Richardson Tavern offers the individuality of historic New England architecture, thoughtfully reimagined for contemporary life. Set on 2.5 acres and surrounded by conservation land, this spacious five-bedroom residence has been carefully renovated for modern living. A beautifully updated kitchen and baths and restrained contemporary aesthetic sit comfortably alongside the classic architecture. Nine fireplaces, original mantels, doors and period details have been preserved, giving the interiors their distinctive character. The former ballroom, with its striking vaulted ceiling, is now an expansive family and entertaining room. Beyond the main residence, a three-story, 1,400 sq. ft. barn and separate 600 sq. ft. studio provide substantial additional space for gathering, working, fitness, art, hobbies or other pursuits. The setting is an important part of life here. Tennis, pickleball, basketball and baseball facilities and a farmers market are next door, while lakes, trails and skiing are a short drive away. Easy access to major routes connects the property to Worcester, Boston, airports and the wider region—offering a distinctly New England setting with convenient access to cultural, commercial and business centers. Once a tavern, the property also carries a remarkable history, with ties to George Washington and accounts of Lafayette and Paul Revere among its guests. A classic New England home whose history has been preserved, its interiors reconsidered, and its next chapter made distinctly contemporary. Updates include Roof (2021), Electric is 200 AMP, 11 zone heating system (approx. 2013), Oil tank (2020), kitchen completely renovated (2019), 5 bedroom septic system (2016), Bathrooms (2025), exterior paint (2025), dedicated heating/cooling system in ballroom (2025)
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 4,176 sq ft principal dwelling). Lot size: 107,811 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17.416666666 x 17.416666666
Beamed Ceilings, Flooring - Wood, Chair Rail, Exterior Access, Recessed Lighting, Lighting - Overhead, Crown Molding
Dining Room
Lvl First15.583333333 x 14.166666666
Closet, Flooring - Wood, Recessed Lighting, Wainscoting, Lighting - Overhead, Crown Molding
Kitchen
Lvl First30.166666666 x 14.666666666
Wood / Coal / Pellet Stove, Closet/Cabinets - Custom Built, Flooring - Wood, Dining Area, Pantry, Countertops - Upgraded, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Overhead, Crown Molding
Office
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl First15.583333333 x 14.25
Bathroom - Full, Walk-In Closet(s), Flooring - Wood, Lighting - Sconce
Bedroom 2
Lvl Second15.416666666 x 14.166666666
Bedroom 3
Lvl Second14.166666666 x 10.416666666
Fireplace, Closet, Flooring - Wood
Bedroom 4
Lvl First14.666666666 x 13.833333333
Bathroom - Full, Fireplace, Beamed Ceilings, Flooring - Wood, Recessed Lighting
Bedroom 5
Lvl First15.583333333 x 14.166666666
Fireplace, Closet, Wainscoting, Crown Molding
Bathroom 1
Lvl First14.083333333 x 3.166666666
Bathroom 2
Lvl Second11 x 11
Bathroom 3
Lvl Second5.833333333 x 4.166666666
Listing Agent: Judith Conway
Listing Office: OPEN DOOR Real Estate
MLS® Number: 73578324

