
8 Wheeler Rd Westborough — Photo 1 of 32
$489,000
Investment Analysis — 8 Wheeler Rd
Westborough, MA 01581
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01581 carries an estimated $3,570/mo in gross rent — about a 5.22% cap rate and $25,539/yr in estimated NOI at the $489,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,512
Style
Single Family
Built
1966
Welcome to **8 Wheeler Road!** Offered at just **$489,000**, this classic ranch presents a rare opportunity to get into the desirable Westborough market at an attractive price point. With limited inventory available in this price range, this home offers tremendous potential for buyers looking to make a home their own while building equity. Situated on a spacious, tree-lined lot with mature landscaping, the home offers convenient **single-level living** and hardwood floors throughout much of the main level. The bright and spacious living room features a **wood-burning fireplace, built-in shelving, and distinctive picture window**, creating a warm and inviting centerpiece to the home. The kitchen offers ample cabinet and counter space, stainless steel appliances, and plenty of opportunity for future updates. Comfortable bedrooms feature hardwood flooring, and the full bath retains its classic mid-century character. The **partially finished lower level** provides valuable additional space with potential for a family room, home office, gym, workshop, or storage. With **hardwood floors, a fireplace, additional basement space, a beautiful lot, and a $489,000 asking price**, this is a compelling opportunity in Westborough. Conveniently located near schools, shopping, dining, recreation, and major commuter routes. **Opportunities at this price point in Westborough are hard to come by—bring your ideas and make 8 Wheeler Road your own!**
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: 756 sq ft (the lesser of 900 sq ft or half the 1,512 sq ft principal dwelling). Lot size: 12,633 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
Geography
Listing Agent: Justin Maillet
Listing Office: REMAX Executive Realty
MLS® Number: 73568971
