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Middlesex 01760
15 Otis St
Photo of 15 Otis St

4

Map

Photo of 15 Otis St
Photo of 15 Otis St
$399,000
● House - In Contract

15 Otis St

Natick, MA 01760
bedrooms
1 Bed
bathrooms
1 Bath
square feet
561 Ft²
$2,389
Est. Monthly

About This Property

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.
Unit Size
561 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$711
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1940

Listed By

Lisa Coughlin
Coldwell Banker Realty - Framingham

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (MLSPIN #73556182)

Price History

Date / Event Date Event Price
Sep 15, 2026 In contract -
In contract
Aug 7, 2026 Price Decreased $399,000
↓ $900 (0.2%)
Price Decreased
Jul 29, 2026 Listed by Realty Executives Boston West $399,900
Listed by Realty Executives Boston West

Property Highlights

Parking Available
Parking Details
Parking Features: Off Street
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Laundry Features: Electric Dryer Hookup
Rooms: 3
Exterior Details
Square Footage: 561
Architectural Style: Bungalow
Year Built Source: Public Records
Year Built: 1940
Building Area Total: 561
Building Area Units: Square Feet
Lot Features: Sloped
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6761
Water Source: Public
Financial Details
Tax Assessed Value: $431,000
Tax Annual Amount: $5,155
Utilities Details
Cooling Type: None
Heating Type: Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 561
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,761
  • Total Building Area: 561
  • Gross Building Area: 561
  • Building Area: 561
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 561
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Natick School District
  • School Tax School District: NATICK SD
  • Census Tract: 382100

Zoning

  • Zoning: RSA

Geography

  • Account Number: 15-00000089
  • Parcel: NATI M:00000015 P:00000089
  • Municipality: NATICK
  • Latitude: 42.3101
  • Longitude: -71.3356

    Address

  • Full Address: 15 Otis St
  • Address - House Number: 15
  • Address - Street Name: Otis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Natick
  • Carrier Code: C031
  • 4-Digit Zip Code: 1940
  • Zip Code: 01760

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $497,600

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 86
  • Final Value: 511,299
  • High Value: 574,566
  • Low Value: 448,032

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $405,900
  • Assessed Land Value: $367,600
  • Assessed Improvements Value: $38,300
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2673 ft²

Average Home Age

65.5 years

Currently For Sale

3349 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 73556182

Frequently Asked Questions

When was property at 15 Otis Street built and last sold?
The property at 15 Otis Street was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 15 Otis Street is $398,030.
What are some comparable homes to 15 Otis Street?
There are currently no comparable homes to 15 Otis Street.
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