Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Active

20-B Oakland Ave, Shrewsbury MA 01545

$699,000

Estimated $1,555/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,500

Total Rent: 30000/year

Estimated CAP Rate:

3 Bedrooms

Baths

1928

Total Parking: 4

5,711 (0.13)

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!

This home has been viewed 25 times

Last Checked: July 14th, 2026 at 7:03am (Source: MLS PIN #73547258)

Gross Income: $30,000

Gross Expenses: $5,061

Net Income Calc: $24,939

Waterfront

Water Views

Annual Expenses for 20-B Oakland Ave, Shrewsbury MA 01545

Total Gross Expenses (Calculated)$5,061/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5061

Annual Income & Unit Breakdown for 20-B Oakland Ave, Shrewsbury MA 01545

Total Gross Income (Calculated)$30,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

General Information for 20-B Oakland Ave, Shrewsbury MA 01545

Listing ID73547258

Property TypeMulti Family / 2 Family

Price699000 ($362.55/SqFt)

Style2 Family - 2 Units Up/down

CityShrewsbury

CountyWorcester

Neighborhood(s)

Approximate Living Area Total1928

Approximate Lot Size (Acres)0.13

Total Parking4

Garage Parking0

Year Built1958

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPrivate Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRUB

Water ViewsYes

Water Views FeaturesBay

Waterfront1

Waterfront FeaturesRiver

Terms

Disclosures for 20-B Oakland Ave, Shrewsbury MA 01545

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

Title 5F

ExclusionsLiving Room Shelves

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 20-B Oakland Ave, Shrewsbury MA 01545

Real Estate Taxes5061

Tax Year2026

Assessed Value$440,100

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 20-B Oakland Ave, Shrewsbury MA 01545

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 20-B Oakland Ave, Shrewsbury MA 01545

Agent

Name: Andrea Beth Castinetti

Office

Name: Castinetti Realty Group

Phone: 508-719-8804

Payment Calculator

, Interest

Property Taxes 421.75

Principal & Interest 4307.02

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Castinetti Realty Group

Andrea Beth Castinetti

Agent Phone

Office Phone

(508) 719-8804

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.13 acres (5,711 SqFt)
    [add_date] => 2026-07-09 20:13:32
    [address] => Oakland Ave
    [agent] => Array
        (
            [address] => 25 King Street
            [city] => Shrewsbury
            [id] => CN213891
            [name] => Andrea Beth Castinetti
            [national_association] => 453012999
            [office] => AN4508
            [state] => MA
            [zip] => 01545
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 1928
    [approx_lot_size_acres] => 0.13
    [approx_lot_size_sqft] => 5711
    [assessed_value] => $440,100
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 3
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Measured
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 2 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Shrewsbury
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Worcester
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => 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!
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Living Room Shelves
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
            [0] => Tile
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
            [0] => River
        )

[horse_permitted] => 0
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2026-07-14 07:03:37
    [laundry_features] => Array
        (
            [0] => Archway
        )

[lead_paint] => Array
        (
            [0] => None
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 4
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73547258
    [neighborhoods] => 
    [net_income_calc] => 24939
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 2
    [office] => Array
        (
            [id] => AN4508
            [name] => Castinetti Realty Group
            [phone] => 508-719-8804
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
            [0] => Covered
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 699000
    [price_per_sqft] => 362.55
    [price_per_unit] => 349500
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 2 Family - 2 Units Up/down
        )

[real_estate_tax] => 5061
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 8
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Private Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Active
        )

[street_number] => 20-B
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 1
    [tag_lead_paint_free] => 1
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 1
    [tag_waterview] => 1
    [tax_year] => 2026
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => F
    [total_gross_expense] => 5061
    [total_gross_income] => 30000
    [total_parking] => 4
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 2 Full
    [unit_1_bedrooms] => 1
    [unit_1_floor] => 2
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 2
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 1
    [unit_2_floor] => 1
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 2
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 20-B Oakland Ave, Shrewsbury MA 01545
    [utilities] => Array
        (
            [0] => 110 Volts
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => Yes
        )

[water_views_features] => Array
        (
            [0] => Bay
        )

[waterfront] => 1
    [waterfront_features] => Array
        (
            [0] => River
        )

[raw] => 
)

EXIT

38 More Photos