198 Union Street Northbridge — Photo 1 of 36
$589,999
Investment Analysis — 198 Union Street
Northbridge, MA 01534 — Linwood
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01534 carries an estimated $2,970/mo in gross rent — about a 4.03% cap rate and $23,773/yr in estimated NOI at the $589,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,700
Style
Single Family
Built
1920
Open House 9/13 Sunday 11am to 1pm. Beautifully renovated 4-bedroom, 2-bath Cape in the Linwood area of Northbridge. Extensive 2026 renovation includes a newly constructed second floor, new roof, remodeled kitchen with quartz countertops and new appliances, two updated full baths including a tiled shower with glass door, refinished hardwoods, repurposed aged-pine flooring, new carpeting, and fresh interior/exterior paint. New second-floor heating and cooling with ductless mini-splits plus spray-foam insulation for improved efficiency. Flexible layout offers 2 bedrooms and a full bath on each level. Additional highlights include 200-amp service, public water/sewer, large deck, detached 1-car garage with 2nd floor storage and yard shed below. Ample parking, and large unfinished basement with workshop and potential for added functional space. Seller is open to completing additional buyer-requested improvements prior to closing, including washer/dryer installation, subject to mutually agreed terms.
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: 850 sq ft (the lesser of 900 sq ft or half the 1,700 sq ft principal dwelling). Lot size: 16,552 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
Electric Water Heater • Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
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Lvl FirstKitchen
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Lvl FirstListing Agent: Edmund Wong
Listing Office: New Year Realty
MLS® Number: 73563757
