15 Otis St Natick — Photo 1 of 4
Recent Drop: $900
$399,000
Investment Analysis — 15 Otis St
Natick, MA 01760
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01760 carries an estimated $2,450/mo in gross rent — about a 4.31% cap rate and $17,189/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
561
Style
Single Family
Built
1940
Attention contractors and builders — rare Natick opportunity. This small home sits on a compact lot and may be best suited as a tear-down or a full redevelopment project. The location is excellent, offering strong long-term value for anyone ready to take on a creative build or land project. Cash or a construction loan will be required. Whether you envision starting fresh with new construction or reworking the existing footprint, this property delivers a prime Natick setting with plenty of potential for the right buyer. Ideally located within minutes to Rt.9 and major routes, the Natick Collection, retail stores and restaurants.
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: 281 sq ft (the lesser of 900 sq ft or half the 561 sq ft principal dwelling). Lot size: 6,761 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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBathroom 1
Lvl FirstProperty History
$399,000
Was $399,900
Aug 7, 2026
MLS® 73556182
$399,900
Jul 29, 2026
MLS® 73556182
$399,900
Jul 29, 2026
MLS® 73556186
Listing Agent: Lisa Coughlin
Listing Office: Realty Executives Boston West
MLS® Number: 73556182