6 Days on market
138 Purchase St Milford — Photo 1 of 40

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.

View Standard Listing

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

Original Price$584,000
Annual Taxes$7,613

Parking

Garage1
Off-Street7

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Hardwood, Flooring - Vinyl
BasementCrawl Space, Partially Finished, Concrete

Climate & Utilities

HeatingBaseboard, Heat Pump, Oil, Electric, Ductless
CoolingNone, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Irregular
ZoningRB

Property & Lot

Acres0.48
SqFt Lot20,739
Lot Features--

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

Second
Bedroom 2Bedroom 3Bathroom 3
First
Living RoomDining RoomFamily RoomPrimary BedroomBathroom 1Bathroom 2
Basement
Office
Unknown
Kitchen
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl null

Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Stainless Steel Appliances

Office
Lvl Basement

Flooring - Vinyl

Family Room
Lvl First

Ceiling Fan(s), Flooring - Hardwood, Exterior Access

Primary Bedroom
Lvl First

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Lighting - Overhead

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Listing Provided By

Listing Agent: David Restic

Listing Office: Property Services Network

MLS® Number: 73572953