38 Millham St Marlborough — Photo 1 of 32
$495,000
Investment Analysis — 38 Millham St
Marlborough, MA 01752
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01752 carries an estimated $3,080/mo in gross rent — about a 4.73% cap rate and $23,407/yr in estimated NOI at the $495,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,591
Style
Single Family
Built
1962
Welcome to 38 Millham Road, a well-maintained 3-bedroom, 2-bath home offering a wonderful opportunity to make it your own! Filled with character and featuring hardwood flooring, this home offers a comfortable, functional layout with plenty of potential for your personal updates and finishing touches. Enjoy the peace of mind that comes with a newer boiler and water heater, along with a newer stove and refrigerator. Step outside to the deck, perfect for relaxing, entertaining, or enjoying the backyard, with a shed providing additional storage. While some cosmetic updates will help you make this home truly shine, it has been well cared for and offers a great foundation for its next owner. Conveniently located in Marlborough with easy access to shopping, dining, schools, commuter routes, and all the area has to offer. Bring your ideas and imagine the possibilities at 38 Millham Road!
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: 796 sq ft (the lesser of 900 sq ft or half the 1,591 sq ft principal dwelling). Lot size: 10,022 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
Electric Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Highway Access • Public School
Geography
Listing Agent: Brooke Wrenn
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73577942
