27 Richie Rd Douglas — Photo 1 of 24
Recent Drop: $10,000
$280,000
Investment Analysis — 27 Richie Rd
Douglas, MA 01516 — Wallum Lake Terrace
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01516 carries an estimated $2,150/mo in gross rent — about a 5.97% cap rate and $16,729/yr in estimated NOI at the $280,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
900
Style
Single Family
Built
1963
Buyer got cold feet, but the lake is still warm! Perfect summer getaway, this property grants you exclusive beach rights to a private beach on Wallum Lake for an incredibly low association fee of just $150 per year. Spend your days swimming, boating, and fishing, then head home to relax in a comfortable, open-concept living space. A large eat-in kitchen flows seamlessly into a bright living room centered around a cozy, classic brick fireplace. Two full size bedrooms and a full bath. Office or den off the living room. The rear enclosed patio extends your seasonal outdoor enjoyment and conveniently houses the laundry hook-ups. Private back yard for relaxing or entertaining. Storage shed for all your lake supplies. Wallum Lake sits directly on the border of Douglas, Ma and Burrillville RI. It is highly regarded for its clean water, boat ramps, and excellent fishing, making this an ideal location for outdoor enthusiasts. OPEN HOUSE Sat 11-12:30pm!
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: 450 sq ft (the lesser of 900 sq ft or half the 900 sq ft principal dwelling). Lot size: 5,001 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
Water Heater • Range
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Property History
$280,000
Was $290,000
Sep 11, 2026
MLS® 73562932
$290,000
Aug 12, 2026
MLS® 73562932
Listing Agent: Kevin Vanderzicht
Listing Office: VanderZicht Real Estate, Inc.
MLS® Number: 73562932
