731 E Hill Rd Oakham — Photo 1 of 35
$599,000
Investment Analysis — 731 E Hill Rd
Oakham, MA 01068
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01068 carries an estimated $2,390/mo in gross rent — about a 2.88% cap rate and $17,268/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,096
Style
Single Family
Built
1989
Welcome to the perfect blend of Oakham charm and farmhouse luxury! Set on 3 picturesque acres, this impressive 3-bedroom, 3-bath home offers space, comfort, and incredible amenities inside and out. Car enthusiasts and hobbyists will love the oversized-heated 30’ x 34’ detached garage, complete with a heavy-duty car lift. The spacious primary suite provides a private retreat featuring its own deck, full sauna, soaking tub, and separate shower. Take in the peaceful surroundings from the primary suite or entertain and unwind on the expansive lower-level deck off the living room. Inside, a wood-burning fireplace adds warmth and character, while the walkout basement offers even more possibilities. With new decking, new living room windows, and a home that has been thoughtfully maintained, this Oakham property delivers the space, privacy, and lifestyle you’ve been looking for!
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 2,096 sq ft principal dwelling). Lot size: 130,680 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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Park • Walk/Jog Trails • Stable(s) • Golf • Bike Path • Conservation Area
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Listing Agent: Viktor Ryan
Listing Office: 1 Worcester Homes
MLS® Number: 73578207