
47 Elm St North Brookfield — Photo 1 of 16
$275,000
Investment Analysis — 47 Elm St
North Brookfield, MA 01535
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01535 carries an estimated $2,250/mo in gross rent — about a 6.15% cap rate and $16,921/yr in estimated NOI at the $275,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,400
Style
Single Family
Built
1820
Attention contractors, investors, and buyers looking for a renovation opportunity with much of the heavy lifting already underway. This circa-1820 Colonial is set on approximately 1.58 acres and offers about 2,400 sq. ft. of above-grade living space per public record, with additional opportunity to create even more finished space by utilizing the existing attic and storage areas, subject to buyer due diligence and any required approvals. 37 Elm.pdfThe project has already made significant progress. A new roof has been installed, extensive interior demolition has been completed, and much of the new framing is already in place. All new replacement windows have also been purchased, with installation already paid for, giving the next owner a substantial head start and helping eliminate several major upfront renovation expenses.Inside, the open framing provides a clear view of the home’s possibilities and the flexibility to complete the layout, finishes, and design to your own vision. The property also offers a full basement, generous off-street parking, a cleared and level lot, and the convenience of town water and town sewer. 37 Elm.pdfWith its size, acreage, existing improvements, and potential for additional finished living area, this is an exciting opportunity to take over a renovation already well underway and create something truly special. Whether the goal is resale, investment, or a customized primary residence, much of the difficult early work has already been completed. Property is being sold in its current condition. Buyers and buyer agents to perform their own due diligence regarding permits, measurements, renovation plans, systems, and requirements for finishing or expanding the living area.
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 2,400 sq ft principal dwelling). Lot size: 68,825 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
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondProperty History
$275,000
Sep 17, 2026
MLS® 73579332
$135,000
Mar 5, 2026
MLS® 73479530
$159,000
Feb 23, 2026
MLS® 73479530
Listing Agent: Robert Smith
Listing Office: Mathieu Newton Sotheby's International Realty
MLS® Number: 73579332

