120 Ivy Lane Northbridge — Photo 1 of 41
$509,900
Investment Analysis — 120 Ivy Lane
Northbridge, MA 01588 — Whitinsville
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01588 carries an estimated $2,170/mo in gross rent — about a 2.89% cap rate and $14,737/yr in estimated NOI at the $509,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,628
Style
Single Family
Built
1974
Welcome to this beautiful raised ranch nestled in an established sought-after neighborhood in the Whitinsville section of Northbridge! This inviting home offers a wonderful combination of comfort, thoughtful updates and a fantastic family-friendly setting. The property features numerous recent improvements, including a new septic system installed in ‘18, new lower level windows in ‘20, new AC condenser in ‘24, and a brand new oil tank. Enjoy the peaceful neighborhood setting with seasonal views of Whitins Pond, providing a beautiful backdrop throughout the year. With its desirable location, spacious raised ranch layout, and the extensive updates, this home is an excellent opportunity for buyers looking for a well-maintained property in a welcoming Northbridge community.
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: 814 sq ft (the lesser of 900 sq ft or half the 1,628 sq ft principal dwelling). Lot size: 27,137 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 MLS and other third-party data may be inaccurate or out of date.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.
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Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Laundromat • Bike Path
Geography
Listing Agent: Beech Homes Group
Listing Office: Property Investors & Advisors, LLC
MLS® Number: 73576999