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20-B Oakland Ave, Shrewsbury MA 01545

Shrewsbury, MA 01545
$699,000
Est. $4,156/month
3
Beds
3
Baths
1,928
Sq Ft
$363
Price/Sq Ft
0.13
Acres
1958
Year Built
4
Parking
1
Days on Market
Active Open House Listed Jul 9, 2026 • MLS# 73547258 Copied! • Updated Jul 10, 2026

Open House Schedule

11
Jul
Saturday, July 11
11:00 AM - 1:00 PM EDT
12
Jul
Sunday, July 12
11:00 AM - 1:00 PM EDT

About this home

Nestled along the shores of beautiful Lake Quinsigamond, this completely renovated multi-family home offers a rare opportunity to own an exceptional waterfront property in Shrewsbury. Whether you’re searching for a savvy investment, an owner-occupied property with rental income, or a multigenerational home, this turnkey residence delivers the perfect blend of modern updates, timeless style, and an unbeatable setting.Both units have been thoughtfully updated with today’s buyer in mind, featuring stylish finishes, updated kitchens and baths, and move-in-ready interiors that maximize comfort and functionality. Wake up to breathtaking lake views, enjoy direct access to year-round recreation, and experience the convenience of being just minutes from shopping, restaurants, major highways, UMass Memorial, and all that Shrewsbury has to offer.Opportunities like this are few and far between—fully updated waterfront multi-family homes on Lake Quinsigamond!

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 9, 2026
$699,000
Original listing
Agent: Andrea Beth Castinetti Office: Castinetti Realty Group

Tax History

Year Taxes Assessment
2026 $5,061 $440,100

Financial Details

Annual Property Tax
$5,061
Tax Year 2026
Assessed Value
$440,100

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1958
Living Area 1,928 sq ft
Lot Size 0.13 acres
Bedrooms 3
Full Baths 3
Total Rooms 8

Investment Metrics

Units 2
Unit 1 Rent $2,500/mo · N
Unit 2 Rent — · N
Total Monthly Rent $2,500/mo
Gross Income $30,000
Net Operating Income $30,000
Cap Rate 4.29%
Heating None
Cooling None
Flooring Wood
Appliances None
Fireplace None
Basement Full, Concrete, Unfinished
Laundry Electric Dryer Hookup, Washer Hookup
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood, Patio
Features Off Street
Total Spaces 4
Electric None
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $5,061
Assessed Value $440,100
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures None
Exclusions Seller Personal Property
Possession None
Accepted Financing Other (see Remarks)
Structure Type []
House Color Gray
Sq Ft Source Measured
Sq Ft Disclosures buyer/agent to do due diligence
Documents None
County Worcester
Total market time (incl. prior listings) 1 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1958
Bedrooms
3
Full Bathrooms
3
Living Area
1,928 sq ft
Total Rooms
8
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood
Appliances:
Interior Features:
Windows:
Basement: Full, Concrete, Unfinished
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1958
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Deck - Wood, Patio
Fencing:
Other Structures:
Lot Features: Cleared
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Lake
Community Amenities: Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
School District
Shrewsbury School District local
A+
School Safety 2024-25
0.9% Low
0.6% Suspensions 0.8% In-School 0.3% Emergency
4.6% below state avg
E

Elementary Schools

3 schools
F
Lincoln Street School
0.7 mi | #788 of 824 | Score: 29.4
Dropped 97 spots from last year
-28.8 below state avg
177 students Very Diverse
Diverse Student Body
Grades K-06
C
Worcester Arts Magnet School
1.0 mi | #608 of 824 | Score: 40.5
Dropped 229 spots from last year
-17.7 below state avg
372 students Very Diverse
Diverse Student Body
Grades PK-06
Parker Road Preschool
1.2 mi
193 students Very Diverse
Diverse Student Body
Grades PK
M

Middle Schools

3 schools
C+
Burncoat Middle School
1.6 mi | #233 of 352 | Score: 37.9
Improved 48 spots from last year
-20.3 below state avg
720 students Diverse
Rising School Diverse Student Body
Grades 07-08
A+
Oak Middle School
1.8 mi | #33 of 352 | Score: 59.7
Improved 30 spots from last year
+1.5 above state avg
914 students Diverse
Rising School Diverse Student Body
Grades 07-08
B+
Sherwood Middle School
1.9 mi | #267 of 824 | Score: 51.9
Dropped 24 spots from last year
-6.3 below state avg
951 students Diverse
Diverse Student Body
Grades 05-06
H

High Schools

3 schools
A+
Shrewsbury High School
1.1 mi | #18 of 346 | Score: 73.4
Improved 22 spots from last year
+15.2 above state avg
1,891 students Diverse
19 sports • 2,168 athletes
Strong AP Program High Graduation Rate Rising School College Ready Curriculum
Grades 09-12
Saint John's High School
1.4 mi
20 sports • 857 athletes
Strong Athletics
Grades 07-12
C
Burncoat Senior High School
1.6 mi | #278 of 346 | Score: 43.5
Dropped 58 spots from last year
-14.7 below state avg
1,073 students Diverse
18 sports • 778 athletes
Early College Program College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
Learn about these ratings

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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $422
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

20-B Oakland Ave, Shrewsbury MA 01545

Shrewsbury, MA 01545

Listing Information

Listing Agent Andrea Beth Castinetti
Listing Office Castinetti Realty Group
Office Phone 508-719-8804
Agent MLS ID CN213891
Office MLS ID AN4508
Listing Data Updated Jul 10, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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