65 Walnut Street Shrewsbury — Photo 1 of 23
$639,900
Investment Analysis — 65 Walnut Street
Shrewsbury, MA 01545
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01545 carries an estimated $3,850/mo in gross rent — about a 4.52% cap rate and $28,919/yr in estimated NOI at the $639,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,790
Style
Single Family
Built
1930
Welcome to this gorgeous Craftsman-style home, nestled in an idyllic setting on a spacious 0.6-acre lot. This charming 4-bedroom, 1.5-bath home offers approximately 1,790 square feet of comfortable living space and timeless character. The property features a classic two-car garage and plenty of room to enjoy the expansive grounds. A standout feature is the large two-story barn (34 X 23), offering exceptional versatility and endless possibilities for storage, a workshop, studio, or potential ADU—ideal for those looking to create additional living or creative space. With its generous lot, classic Craftsman appeal, and unique outbuilding, this property offers a rare combination of charm, space, and opportunity. Conveniently located right off Rt. 9.
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: 895 sq ft (the lesser of 900 sq ft or half the 1,790 sq ft principal dwelling). Lot size: 26,000 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 MLS and other third-party data may be inaccurate or out of date.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
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 13
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl First14 x 11
Flooring - Hardwood
Kitchen
Lvl First16 x 12
Primary Bedroom
Lvl Second21 x 13
Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second16 x 14
Bedroom 3
Lvl First14 x 11
Flooring - Hardwood
Bedroom 4
Lvl First13 x 11
Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Half
Listing Agent: Jennifer Kern
Listing Office: LAER Realty Partners/LAER LUX
MLS® Number: 73579222
