46 North Main St West Brookfield — Photo 1 of 41
$599,000
Investment Analysis — 46 North Main St
West Brookfield, MA 01585
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01585 carries an estimated $1,290/mo in gross rent — about a 0.79% cap rate and $4,719/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
3
SqFt
3,936
Style
Other
Built
1890
Premier Landmark Main Street Address — Versatile Opportunity Positioned directly on West Brookfield's town square. This 1890 property commands attention with its distinctive color palette and grand architectural presence and unmistakable curb appeal. The property boasts — 11-ft ceilings, a formal entry hall, hardwood pine throughout, many, many rooms for many different uses. The ground floor has been home to a doctor's office for many years, complete with multiple hand-washing stations and handicap-accessible entry — a layout well suited to continued medical use or, subject to municipal approval, a range of other professional and retail uses. Major systems are already handled — a new 6-zone boiler and a 75-year Eco Star synthetic slate roof mean minimal near-term capital costs. Two additional income-producing residential units occupy the upper floors, each separately metered with independent heating. twelve dedicated parking spaces plus on-street parking. A true statement property for an owner-user or investor, on the most visible corner in town. Possible Uses (subject to municipal zoning approval):• Medical, dental, chiropractic, or wellness practice• Professional offices — law, accounting, insurance, real estate, financial advisory• Antique mall / consignment marketplace / multi-vendor boutique• Art gallery, artisan co-op, or working studio space• Salon, spa, barbershop, or fitness/yoga studio• Café, bakery, ice cream shop, or specialty food retail• Bed & breakfast or short-term rental, leveraging existing residential units• Bank branch or credit union satellite office• Event/meeting space, co-working hub, or small conference center• Veterinary office or small animal clinic• Municipal, nonprofit, or civic organization office• Tax prep / notary / mailing & shipping services storefront• Music, dance, or tutoring studio• Bridal, formalwear, or specialty apparel boutique• Home goods, gift shop, or general retail storefront• Live/work space — residential units above support an owner who works on-site
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
Geography
Listing Agent: Glen Chouinard
Listing Office: Daniel Stroe Realty
MLS® Number: 73579637
