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303 W Main St, Millbury, MA, 01527

5beds
3baths
2,852sqft
$580,000
$203price/sqft
$4,341/moest. monthly cost
$173,640/yrincome needed

About This Home

Attention investors, contractors, and house hackers seeking a value add opportunity and passive income in a great location! This 3 family property is perfectly positioned for upside! Whether you’re looking to maximize cash flow, or live in one unit while generating income from the others. Two oversized bi-level units and the main floor 1 bedroom unit all offer flexible, open floor plans that feel much larger than their square footage. All units offer strong rental potential and generous living space. The property offers off street parking and a sizable yard. Recent updates include: kitchen cabinets in unit 1, some plumbing and electrical. Property is vacant and being sold AS IS. This is NOT a bank owned property. Seller makes no warranties or representations. Buyer/Buyer's Agent to do their own due diligence.

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

--
Elmwood Street SchoolGrades PK-21.9 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Roof: Asphalt/Composition Shingles
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Wood,Tile,Carpet
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 2,852

Interior Area

  • Total structure area: 2,852
  • Total interior livable area: 2,852 sqft

Property

Details

  • Parcel number: 3582785
  • Zoning: S1

Features

  • Patio & porch: Porch
  • Fencing: Fenced

Lot

  • Lot size: 0.28 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 5
  • Parking features: Off Street
  • Uncovered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Hurricane
Ice Storm
Strong Wind

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,932$35,184
Home Insurance *$204$2,448
Property Taxes $643$7,716
Electricity $562$6,748
Total$4,341$52,092
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,834/yr
40% on housing$130,230/yr
45% on housing$115,760/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$203This listing

vs Other Active Listings

Avg $/sqft

ZIP 01527$240
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01527$287
Worcester County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-26Price change$450,000
2026-03-16Price change$499,000
2026-03-05Listed for sale$525,000
2025-08-15Sold$410,000
2025-07-07Price change$429,000
2025-04-22Price change$489,000
2025-03-31Price change$499,000
2025-03-21Listed for sale$519,000
2024-02-12Sold$281,500
2023-09-25Sold$254,229
2022-06-03Listing removed--
2022-02-18Listing removed$349,900
2021-11-18Listing removed--
2021-10-07Listed for sale$349,900

For Sale by Agent

AgentVIP Group
BrokerageMoor Realty Group

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