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3 Aldrich Avenue Millbury — Photo 1 of 30

3 Aldrich Avenue Millbury — Photo 1 of 30

$399,900

Investment Analysis — 3 Aldrich Avenue

Millbury, MA 01527

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01527 carries an estimated $2,580/mo in gross rent — about a 4.60% cap rate and $18,409/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,510

Style

Single Family

Built

1962

Ideally situated near numerous local amenities with easy access to major routes, this charming ranch is everything you've been searching for. Enter inside to find hardwood floors throughout and a bright, inviting living room featuring a large bay window that fills the space with natural sunlight, along with a cozy fireplace for relaxing evenings. The kitchen offers stainless steel appliances and a dining area for everyday meals or casual entertaining. There are three generous bedrooms and a full bathroom complete with dual vanities and a tiles tub/shower. A breezeway leads to the convenient one-car garage, while the basement offers a partially finished bonus room ready to be transformed into whatever suits your needs - home office, gym, media room, or guest space! Outside, enjoy a wooded backyard that provides added privacy, along with a back patio and a peaceful setting as the property abuts a small pond, offering a lovely backdrop and a little extra charm. A handy storage shed/garage is the ideal spot for all your tools and outdoor equipment. Recent updates include a newer oil tank and an electrical panel installed in 2022. Bring your vision and transform this home into a space that truly reflects your style and personality. With plenty of opportunity to update and customize, this home is ready for someone to make it their own and create something special!

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: 755 sq ft (the lesser of 900 sq ft or half the 1,510 sq ft principal dwelling). Lot size: 16,004 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.

Immersive Experience

Property Details

Financials

Original Price$399,900
Annual Taxes$5,121

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
Fireplaces2
FlooringTile, Laminate, Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished, Interior Entry, Bulkhead

Climate & Utilities

HeatingBaseboard, Oil, Fireplace(s)
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR

Property & Lot

Acres0.37
SqFt Lot16,004
Lot Features--

Amenities & Appliances

Electric Water Heater • Tankless Water Heater • Range • Oven • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First

18 x 13

Flooring - Hardwood, Exterior Access

Kitchen
Lvl First

11 x 14

Flooring - Laminate, Dining Area, Recessed Lighting

Master Bedroom
Lvl First

14 x 12

Closet, Flooring - Hardwood

Bedroom 2
Lvl First

13 x 12

Bedroom 3
Lvl First

11 x 12

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

7 x 10

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: The Balestracci Group

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73570654