
138 Purchase St Milford — Photo 1 of 40
$584,000
Investment Analysis — 138 Purchase St
Milford, MA 01757
Based on HUD Small Area Fair Market Rent for Eastern Worcester County, MA HUD Metro FMR Area, a 3-bedroom in 01757 carries an estimated $3,160/mo in gross rent — about a 3.63% cap rate and $21,206/yr in estimated NOI at the $584,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3.5
SqFt
2,830
Style
Single Family
Built
1949
This spacious Cape offers a flexible floor plan with room for everyday living, entertaining and guests. The cabinet-filled kitchen features a center island and flows into the adjoining dining room. A large first-floor family room offers hardwood flooring and direct access to the front and rear yard, while the front-to-back living room adds additional gathering space. The first-floor primary bedroom suite includes a full bath, bay window and sliders leading to the backyard. Upstairs, a shed dormer provides two generously sized bedrooms and another full bath. The partially finished lower level expands the living space with areas currently used as a family room and office, plus laundry with included washer and dryer, a bathroom and potential kitchenette—ideal for guests or flexible living needs. Additional highlights include hardwood flooring, ductless mini-split heating and cooling in the primary bedroom and family room, an under garage, patio, additional storage in the unfinished part of basement and shed. House owned solar panels which helps to reduce utility costs. Conveniently located near shopping, parks, trails, schools and major routes.
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 2,830 sq ft principal dwelling). Lot size: 20,739 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
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl nullCountertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Stainless Steel Appliances
Office
Lvl BasementFlooring - Vinyl
Family Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Exterior Access
Primary Bedroom
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Listing Agent: David Restic
Listing Office: Property Services Network
MLS® Number: 73572953
