Colonial Home with Horse
For Sale
$1,300,000
1 Denny Street, Westborough, MA 01581
Renovated 1917 Colonial on 3.95 acres with pastures, pond and dock, and multiple horse and workshop barns.
Property Size3,524 SF
Lot Size3.95 Acres
Price / SF$368.90
Days on Market9
Property Features for 1 Denny Street
General Information
Standard status
Active
Size
3,524 SF
Lot size
3.95 Acres
Property subtype
Multi Family
Amenities
pastures
pond
dock
horse barn
heated auto barn
gym barn
irrigation
owned solar
Building Details
Year Built
1917
Construction
Colonial
Listing Agency:
Mathieu Newton Sotheby's International Realty
(508) 397-2300
Listed By:
Michael Mathieu
(508) 397-2300
Source:
Lockandkeyre
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 30 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mathieu Newton Sotheby's International Realty
Investment Insights
Based on property information with market context.
This circa 1917 Colonial sits on 3.95 acres and has been thoughtfully renovated while retaining its character. The main home offers 6 bedrooms and 3.5 baths in approximately 3,524 square feet, including a gut-renovated kitchen with granite counters, a farmhouse sink, a gas range, and a Smeg refrigerator. Updated baths feature enlarged tiled showers, and interior improvements include refinished hardwoods, a Vermont Castings wood-burning insert, and dedicated A/C circuits.
A separate 2-bedroom, 1-bath apartment (4 rooms total) was rebuilt from foundation to roof in 2020–21. It includes a custom kitchen, heated bath floor, laundry, mini-splits, and a private patio. Outside, the property offers pastures, a pond and dock, a horse barn, and a heated auto barn, along with a gym barn. Additional amenities include irrigation and owned solar producing approximately $2,000–$2,300 in annual credits. The property is located close to Westborough center and commuter routes, with access to the MBTA.
A separate 2-bedroom, 1-bath apartment (4 rooms total) was rebuilt from foundation to roof in 2020–21. It includes a custom kitchen, heated bath floor, laundry, mini-splits, and a private patio. Outside, the property offers pastures, a pond and dock, a horse barn, and a heated auto barn, along with a gym barn. Additional amenities include irrigation and owned solar producing approximately $2,000–$2,300 in annual credits. The property is located close to Westborough center and commuter routes, with access to the MBTA.
Key Highlights
- c.1917 Colonial with 3,524 SF, 6 bedrooms and 3.5 baths on 3.95 acres
- Gut‑renovated kitchen with granite, farmhouse sink, gas range and Smeg refrigerator; updated baths with enlarged tiled showers
- Refinished hardwood floors, Vermont Castings wood‑burning insert and dedicated A/C circuits
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $21.96 |
| − Vacancy | −$2.0k | −$0.57 |
| EGI | $75.4k | $21.39 |
| − OpEx | −$33.9k | −$9.63 |
| NOI | $41.5k | $11.76 |
3,524 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$592.2K
$518.2K – $690.9K
NOI $41,456 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,238 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 01581, MA
21,567
Population
8,407
Households
2.6
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
20.6 sq mi
ZIP Area
1,047
Density / Sq Mi
$134,474
Median Household Income
$82,045
Median Earnings
$2,038
Median Rent
$637,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Renovated 1917 Colonial on 3.95 acres with pastures, pond and dock, and multiple horse and workshop barns.
Where is this horse & equestrian property located?
The property is located at 1 Denny Street Westborough, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: c.1917 Colonial with 3,524 SF, 6 bedrooms and 3.5 baths on 3.95 acres; Gut‑renovated kitchen with granite, farmhouse sink, gas range and Smeg refrigerator; updated baths with enlarged tiled showers; Refinished hardwood floors, Vermont Castings wood‑burning insert and dedicated A/C circuits
