20 Overlook Ave Shrewsbury — Photo 1 of 36
$309,000
Investment Analysis — 20 Overlook Ave
Shrewsbury, MA 01545
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01545 carries an estimated $2,180/mo in gross rent — about a 5.09% cap rate and $15,730/yr in estimated NOI at the $309,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
672
Style
Single Family
Built
1955
Why rent or settle for condo living when you can have a single-family home of your own? Welcome to 20 Overlook Ave, a charming one-bedroom, one-bath home offering an affordable and low-maintenance opportunity in desirable Shrewsbury. A fantastic condo alternative without shared walls, this property offers the privacy and outdoor space that are hard to find at this price point. Enjoy a nice, level yard with plenty of room to relax, garden, entertain or let your four-legged friends enjoy the outdoors. A storage shed provides additional space for tools, equipment and seasonal items, while the dedicated garden area is ready for your green thumb. Whether you’re a first-time buyer, downsizing, or simply looking for a manageable home with your own yard, this unique property offers an opportunity to enjoy single-family living in Shrewsbury.Roof 5 years, Range 2022, Window AC 2023, Rebuilt chimney, liner & cap + waterproofing 2023 (lifetime warranty) Oil tank 2016, Recent water heater and furnace.
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: 336 sq ft (the lesser of 900 sq ft or half the 672 sq ft principal dwelling). Lot size: 10,264 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: Andrea Beth Castinetti
Listing Office: Castinetti Realty Group
MLS® Number: 73572805
