51 Lakeshore Dr Sterling — Photo 1 of 40
$1,200,000
Investment Analysis — 51 Lakeshore Dr
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01564 carries an estimated $1,630/mo in gross rent — about a 0.89% cap rate and $10,695/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
1,090
Style
Single Family
Built
1935
Lakefront opportunities like this are few and far between! Situated on the shores of Lake Waushacum, this exceptional property offers 75 feet of direct waterfront and some of the most breathtaking panoramic views on the entire lake. Spanning approximately 188 acres, Lake Waushacum is one of Central Massachusetts' premier recreational lakes, offering boating, fishing, swimming, waterskiing, kayaking, and more. Enjoy it all from your private dock while taking in sweeping open-water views. The existing home provides the opportunity to expand or reimagine the space to suit your vision. Whether you're looking to create a year-round lakeside retreat, a seasonal getaway, or build the custom lake house you've always dreamed of, the possibilities are endless. Rarely does a property with this location, frontage, and view become available!
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: 545 sq ft (the lesser of 900 sq ft or half the 1,090 sq ft principal dwelling). Lot size: 6,969 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
Electric Water Heater • Range • Dishwasher • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBathroom 1
Lvl FirstListing Agent: Maria Troka
Listing Office: A & E Realty Company, Inc.
MLS® Number: 73527511
