199 Center Depot Road Charlton — Photo 1 of 22
$749,000
Investment Analysis — 199 Center Depot Road
Charlton, MA 01507 — Neighborhood Business Zone allows for many business applications.
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01507 carries an estimated $2,240/mo in gross rent — about a 2.15% cap rate and $16,068/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,360
Style
Single Family
Built
1940
Presenting a distinguished single-family residence at 199 Center Depot Road, Charlton, MA. This residence offers 1,560 square feet of refined living space on one level. Situated on a generous 28,750 square foot lot, providing an exceptional blend of charm and contemporary convenience. The property features three well-proportioned bedrooms, offering versatile accommodations for residents and guests alike. Complementing the living spaces are two full bathrooms, each designed to provide comfort and functionality. The expansive three-car garage offers substantial capacity for vehicle storage and additional utility, catering to practical needs with ample space for a potential business application such as auto-mechanic, contractor, plumber, electrician, excavation company, and so many other potential businesses. Ideal property for self-employed families who are looking for a huge 3-car garage with high ceilings and metal I beams to run their business next to their newly remodeled home in the desirable Town of Charlton. The space above the garage is partially finished with electricity and sheet-rock on the walls. The septic pipe inside the back wall of the garage us connected to the 4-bedroom septic system so the 2nd floor space could be finished into an Accessory Dwelling Unit (ADU) for additional living space for your extended family members or a rental unit for extra income. Floor plan dimensions and room sizes are approximate, Buyers and Buyer's Agents to confirm. The oversized 3-car garage alone with wide metal I-Beams that has enough space to fit tractor trailers, and has a full room above would cost well over $300,000 to build in today's market. To truly appreciate the unique character and sophisticated appeal of this Charlton residence, a private viewing is highly recommended. Seller is willing to sell the property in AS-IS condition for a deep discount to contractors who can do some finish work and build instant sweat equity. Daily Open House Mondays-Friday from 4:00 pm to 6:00 pm.
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 2,360 sq ft principal dwelling). Lot size: 28,750 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 • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Golf • Medical Facility • Laundromat • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
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Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl FirstBathroom 1
Lvl FirstBathroom 2
Lvl FirstListing Agent: George Goulas
Listing Office: Peoples Broker Realty
MLS® Number: 73575581
