
490 Main Street Oxford — Photo 1 of 32
$345,000
Investment Analysis — 490 Main Street
Oxford, MA 01540
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01540 carries an estimated $1,680/mo in gross rent — about a 3.40% cap rate and $11,732/yr in estimated NOI at the $345,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,351
Style
Single Family
Built
1940
OFFERS DUE MONDAY 8/31 at noon! This adorable Cape has everything you need and more! A newly built entryway off the back of the home creates a charming mudroom area - perfect for keeping everyday essentials organized. Enter inside to find beautiful hardwood floors throughout, with a cozy fireplace anchoring the inviting living room. The kitchen offers ample cabinet storage and flows seamlessly into the formal dining room, perfect for those who love to entertain. Upstairs, you’ll find two comfortable bedrooms, each offering generous closet space, along with a full bathroom just off the hallway featuring sky-high vaulted ceilings and a skylight that fills the space with natural light. The finished basement offers a versatile recreation room, providing the perfect space for a home gym or media room! Outside, the backyard is a true retreat, filled with established perennial flowers that add beautiful seasonal color. The space is also complete with a patio, screened-in gazebo, firepit, garden area, and storage shed for all your outdoor essentials. For added comfort, recently installed mini-spits on both living levels provide cooling throughout the home. A new septic system will be installed prior to closing! Centrally located with easy access to major routes, shopping, dining, and local amenities, this charming Oxford Cape is one you won’t want to miss!
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: 676 sq ft (the lesser of 900 sq ft or half the 1,351 sq ft principal dwelling). Lot size: 16,000 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 21
Flooring - Hardwood
Dining Room
Lvl First12 x 12
Flooring - Hardwood
Kitchen
Lvl First12 x 9
Ceiling Fan(s), Flooring - Laminate
Master Bedroom
Lvl Second12 x 20
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Second12 x 13
Bathroom 1
Lvl Second8 x 7
Bathroom - With Tub & Shower, Skylight, Vaulted Ceiling(s), Closet - Linen, Flooring - Laminate, Countertops - Stone/Granite/Solid
Listing Agent: The Balestracci Group
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73568052
