12 Waterman Rd Auburn — Photo 1 of 24
$489,900
Investment Analysis — 12 Waterman Rd
Auburn, MA 01501
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01501 carries an estimated $2,230/mo in gross rent — about a 3.02% cap rate and $14,800/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,075
Style
Single Family
Built
1962
Welcome to 12 Waterman Road, a well-maintained 3-bedroom home offering a great layout on a level lot. Built in 1962, this inviting property combines classic character with thoughtful recent upgrades designed for everyday comfort, efficiency, and convenience. Master bedroom and bath on the first floor. Updates include refinished hardwood floors;new vinyl plank flooring; upgraded 200-amp electrical panel; recessed lighting; freshly painted living room, mudroom, and upstairs bedrooms; Samsung heat pump/mini-split systems in the upstairs bedrooms, and Mass Save whole-house energy improvements—including attic and basement insulation, air sealing, and exterior-door sealing. A radon mitigation system was installed in 2025, and a new outdoor shed was added in 2024. Smart-home features included with the sale are a Nest thermostat, Nest WiFi-enabled smoke and carbon monoxide alarms, and exterior Ring floodlight cameras. These devices may be monitored through their respective apps and transferred to the new owners. Additional highlights include an oversized attached two-car garage, a flat backyard with room to enjoy and personalize, public sewer, convenient Auburn location with easy access to area amenities, commuter routes, shopping, and dining.
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: 538 sq ft (the lesser of 900 sq ft or half the 1,075 sq ft principal dwelling). Lot size: 12,630 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.
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Listing Agent: Elizabeth Carrison
Listing Office: NE Real Estate Services
MLS® Number: 73571954
