
9 Waters St Millbury — Photo 1 of 35
$633,000
Investment Analysis — 9 Waters St
Millbury, MA 01527 — Historic Downtown
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01527 carries an estimated $2,860/mo in gross rent — about a 2.86% cap rate and $18,128/yr in estimated NOI at the $633,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,300
Style
Single Family
Built
1830
Welcome to this charming, expansive cape where space, versatility, and outdoor living come together beautifully in this lovely neighborhood home close to Millbury Center! Be a part of town festivities during the seasons-enjoy sitting on your enclosed farmers porch with screens or glass as the parades go by! This charming 3-4 BEDROOM home offers TWO FULL BATHS(plus one in the ADU) with one or possibly two bedrooms on the first floor including laundry for ONE LEVEL LIVING while upstairs you'll find TWO generously sized bedrooms and a second full bath. Newer windows throughout the home. A welcoming OPEN CONCEPT first floor features the dining and living room, kitchen with beautiful LTV floors, custom built-ins and crownmolding. A granite island accents the space, perfect for gathering, preparing meals, or enjoying a morning cup of coffee. GAS HEAT, wood burning stove and CENTRAL AIR-2 UNITS provide year-round comfort. Large Basement has built ins for hobby enthusiasts. For those looking for additional flexibility, the property offers the possibility of a separate studio-style ADU(not included in the square footage) complete with a full bath, kitchen, newer flooring, and a mini-split installed in 2026. Whether used for guests, extended family, a private workspace, or additional living space, this is a wonderful opportunity to create a setup that works for you.Step outside and discover a sunny gardener's oasis! The fully fenced yard (2020), provides privacy and plenty of room to enjoy the outdoors. A variety of mature fruit trees and established gardens create a beautiful landscape, while the option to keep chickens adds to the property's charm and homestead appeal. Set up to entertain! Relax around the INGROUND POOL or unwind in the hot tub. TOWN WATER & SEWER is complemented by reverse osmosis filtration and a water softener, while an additional well provides water for drinking, gardening, or filling the pool. With abundant outdoor amenities, flexible living spaces, and privacy, this property offers a rare combination of comfort, functionality, and lifestyle potential. Easy commute using 146 to Rhode Island, Worcester or Boston. Come experience all this special move-in ready home has to offer!
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 2,300 sq ft principal dwelling). Lot size: 13,950 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First15 x 14
Wood / Coal / Pellet Stove, Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead
Dining Room
Lvl First13 x 13
Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Open Floorplan, Wainscoting, Lighting - Overhead, Crown Molding
Kitchen
Lvl First9 x 12
Flooring - Laminate, Countertops - Upgraded, Breakfast Bar / Nook, Country Kitchen, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Lighting - Overhead
Office
Lvl First9 x 8
Flooring - Laminate
Family Room
Lvl First15 x 14
Open Floorplan, Remodeled
Primary Bedroom
Lvl Second17 x 13
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second17 x 13
Bedroom 3
Lvl First12 x 13
Closet, Flooring - Hardwood
Bathroom 1
Lvl First9 x 10
Bathroom - With Tub & Shower, Flooring - Laminate, Remodeled, Wainscoting, Pedestal Sink, Decorative Molding
Bathroom 2
Lvl Second10 x 8
Bathroom - Full, Bathroom - With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile, Remodeled, Wainscoting, Lighting - Overhead
Property History
$633,000
Sep 16, 2026
MLS® 73577715
$313,000
Sep 19, 2010
MLS® 71124802
$320,000
Aug 17, 2010
MLS® 71124802
Listing Agent: Kimberlee Hughes
Listing Office: eXp Realty LLC
MLS® Number: 73577715