
138 Hobbs Rd Princeton — Photo 1 of 39
$699,900
Investment Analysis — 138 Hobbs Rd
Princeton, MA 01541
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01541 carries an estimated $2,640/mo in gross rent — about a 2.36% cap rate and $16,495/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,760
Style
Single Family
Built
1980
Love where you live! Set in the scenic town of Princeton, this spacious 4-bedroom, 2.5-bath New England home offers 2,760 sq. ft. of living space with generous sized rooms and a great layout designed for both everyday living and entertaining. A bonus room over the garage adds valuable flexibility for a home office, playroom, media room, gym or potential in-law area. Step outside to the screened porch, a perfect spot for morning coffee, summer dinners or simply relaxing and enjoying the peaceful surroundings. The wooded lot provides plenty of privacy, complemented by beautifully manicured landscaping. Thoughtful improvements add to the home’s appeal, including newer Harvey windows (2024), a new driveway and walkway (2024), gutter guards (2021) and low-maintenance vinyl siding. But the lifestyle here extends well beyond the house. Princeton is an outdoor enthusiast’s dream, with Wachusett Mountain nearby for skiing and hiking, along with miles of trails and beautiful places to explore throughout town. You are also only 2 miles from one of the Leominster State Forest Trails off Justice Hill Cutoff and from Stuart Pond in Sterling which allows fishing and non-motorized paddling, including canoeing and kayaking. Families will also appreciate Princeton’s elementary and middle school learning environment, which incorporates a STEM-focused approach to education. With plenty of room to spread out, a versatile floor plan, privacy and four-season recreation close by, this is a home—and a location—you’ll want to experience in person!
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 2,760 sq ft principal dwelling). Lot size: 91,912 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Walk/Jog Trails • Conservation Area • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 12
Flooring - Wall to Wall Carpet
Dining Room
Lvl First13 x 12
Flooring - Wall to Wall Carpet, Wainscoting
Kitchen
Lvl First24 x 10
Flooring - Hardwood, Dining Area, Pantry, Breakfast Bar / Nook
Family Room
Lvl First19 x 13
Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl Second18 x 13
Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second16 x 13
Bedroom 3
Lvl Second14 x 12
Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second11 x 10
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First6 x 4
Bathroom - Half
Bathroom 2
Lvl Second8 x 8
Bathroom - With Shower Stall
Bathroom 3
Lvl Second9 x 8
Bathroom - With Tub & Shower, Double Vanity
Listing Agent: Karen Packard
Listing Office: Karen Packard Real Estate Inc.
MLS® Number: 73577200