46 Prospect St Rutland — Photo 1 of 16
Recent Drop: $25,000
$524,900
Investment Analysis — 46 Prospect St
Rutland, MA 01543
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01543 carries an estimated $2,250/mo in gross rent — about a 2.82% cap rate and $14,823/yr in estimated NOI at the $524,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,976
Style
Single Family
Built
1976
Nestled on over 3 private, wooded acres, this classic Colonial with a distinctive gambrel roof offers privacy, charm and exceptional potential. Major improvements provide peace of mind, including a new septic system (2026), new furnace (2026), new oil tank (2026), new chimney liner and inspection (2026), along with a new water heater (2024). The home features 4 bedrooms, 1.5 bathrooms, hardwood flooring in many rooms, and a spacious setting surrounded by mature trees and natural beauty. This property offers the perfect balance of peaceful country living and everyday convenience. Whether you're looking to restore its classic character or create a fresh, updated interior, this is a rare opportunity to own a home with outstanding fundamentals in an exceptional setting. Enjoy nearby hiking trails, parks, and year round outdoor recreation minutes from your doorstep.
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 1,976 sq ft principal dwelling). Lot size: 134,165 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Dishwasher • Range • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Pool • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17 x 13
Flooring - Hardwood
Dining Room
Lvl First13 x 13
Flooring - Hardwood
Kitchen
Lvl First15 x 12
Ceiling Fan(s), Flooring - Laminate
Family Room
Lvl First14 x 12
Flooring - Hardwood, Deck - Exterior, Exterior Access
Primary Bedroom
Lvl Second15 x 11
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Second16 x 11
Bedroom 3
Lvl Second12 x 11
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second12 x 11
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Vinyl
Bathroom 2
Lvl SecondBathroom - With Tub & Shower
Property History
$524,900
Was $549,900
Aug 20, 2026
MLS® 73549923
$549,900
Jul 15, 2026
MLS® 73549923
Listing Agent: Patty Downing
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73549923
