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583 Main St Warren — Photo 1 of 39

583 Main St Warren — Photo 1 of 39

$349,413

Investment Analysis — 583 Main St

Warren, MA 01083

Based on HUD Small Area Fair Market Rent for Western Worcester County, MA HUD Metro FMR Area, a 3-bedroom in 01083 carries an estimated $2,350/mo in gross rent — about a 5.43% cap rate and $18,971/yr in estimated NOI at the $349,413 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,230

Style

Single Family

Built

1882

Welcome to this charming and beautifully updated home, offering a wonderful combination of classic character and modern updates. The first floor features a stylish updated kitchen with white shaker cabinetry, granite countertops, and stainless-steel appliances. The inviting living room showcases stunning wood floors and an elegant fireplace, creating a warm and welcoming space. Also on the first floor is a versatile additional room that can easily serve as a dining room, sitting room, home office, or whatever best suits your needs. A convenient side entrance leads into a practical mudroom, providing the perfect spot for coats, shoes, and everyday essentials. The updated bath completes the first floor. Upstairs, you'll find three spacious bedrooms. Major updates include new vinyl siding, new windows, and a new roof, offering peace of mind for the next owner. A wonderful opportunity to own a move in ready home with character, thoughtful updates, great curb appeal, and flexible living space. Schedule your showing today!!

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: 615 sq ft (the lesser of 900 sq ft or half the 1,230 sq ft principal dwelling). Lot size: 20,909 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

Original Price$349,413
Annual Taxes$2,461

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Vinyl
BasementFull, Unfinished

Climate & Utilities

HeatingForced Air, Oil
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningRES

Property & Lot

Acres0.48
SqFt Lot20,909
Lot Features--

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

Flooring - Wood

Dining Room
Lvl First

Flooring - Wood

Kitchen
Lvl First

Flooring - Vinyl, Countertops - Stone/Granite/Solid, Remodeled

Primary Bedroom
Lvl Second

Closet, Flooring - Vinyl

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Vinyl

Bathroom 1
Lvl First

Bathroom - Full

Listing Provided By

Listing Agent: Heidi Pafumi

Listing Office: Coldwell Banker Realty - Western MA

MLS® Number: 73577642