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15 Groveridge Path, Shrewsbury MA 01545

$699,000

Estimated $1,654/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,500

Total Rent: 18000/year

Estimated CAP Rate:

4 Bedrooms

Baths

2150

Total Parking: 2

3,835 (0.09)

**SHREWSBURY WATERFRONT TWO-FAMILY ON LAKE QUINSIGAMOND** Now offering a rare opportunity for owner-occupants, investors, or multigenerational living. Enjoy direct lake access with your own dock and waterfront patio while generating rental income or creating the perfect in-law setup. The main residence features an updated eat-in kitchen with stainless steel appliances, a new five-burner gas range, hardwood floors, three bedrooms, 1.5 baths, a fireplace, and panoramic lake views. Just off the rear of the home, step onto a spacious deck overlooking Lake Quinsigamond, the perfect place to enjoy your morning coffee, outdoor dining, or unwind while taking in breathtaking sunsets and year-round waterfront scenery. Whether entertaining guests or simply relaxing after a long day, the elevated deck provides a peaceful setting with stunning views of the water.The second unit offers one bedroom, a full bath, kitchen, heated sunroom, separate utilities, and beautiful water views, making it ideal for rental income, extended family, or guests. One of the property's most unique features is the private boathouse located directly along the shoreline. This personal lakeside retreat provides convenient storage for your boating and waterfront equipment while offering easy access to the lake, making it an exceptional amenity for boating, fishing, kayaking, paddleboarding, or simply embracing the lakefront lifestyle.The expansive waterfront creates endless opportunities for recreation throughout every season. Spend your summers cruising the lake, swimming from your dock, or hosting gatherings by the water, while enjoying picturesque views year-round from nearly every angle of the property. Whether you're looking for an income-producing investment, a year-round waterfront retreat, or flexible living options, this property delivers a truly unique combination of lifestyle and value that rarely becomes available in Shrewsbury.Conveniently located just minutes from Route 9, UMass Chan Medical School, shopping, restaurants, parks, and major commuter routes, this property offers the perfect balance of peaceful waterfront living with everyday convenience. Opportunities to own a true waterfront multifamily on Lake Quinsigamond are exceptionally rare, making this a remarkable offering for homeowners and investors alike.

This home has been viewed 16 times

Last Checked: August 1st, 2026 at 6:58am (Source: MLS PIN #73557427)

Gross Income: $18,000

Gross Expenses: $6,247

Net Income Calc: $11,753

Waterfront

Water Views

Annual Expenses for 15 Groveridge Path, Shrewsbury MA 01545

Total Gross Expenses (Calculated)$6,247/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6247

Annual Income & Unit Breakdown for 15 Groveridge Path, Shrewsbury MA 01545

Total Gross Income (Calculated)$18,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 15 Groveridge Path, Shrewsbury MA 01545

Listing ID73557427

Property TypeMulti Family

Price699000 ($325.12/SqFt)

StyleMulti Family

CityShrewsbury

CountyWorcester

Neighborhood(s)

Approximate Living Area Total2150

Approximate Lot Size (Acres)0.09

Total Parking2

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningMF1

Water ViewsYes

Water Views FeaturesBay

Waterfront1

Waterfront FeaturesRiver

Terms

Disclosures for 15 Groveridge Path, Shrewsbury MA 01545

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsRing Security System

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 15 Groveridge Path, Shrewsbury MA 01545

Real Estate Taxes6247

Tax Year2026

Assessed Value$543,200

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 15 Groveridge Path, Shrewsbury MA 01545

Elementary SchoolBeal

Middle SchoolSherwood/Oak

High SchoolShrewsbury High School

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 15 Groveridge Path, Shrewsbury MA 01545

Agent

Name: Andrea Beth Castinetti

Office

Name: Castinetti Realty Group

Phone: 508-719-8804

Payment Calculator

, Interest

Property Taxes 520.58

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

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    [unparsed] => 15 Groveridge Path, Shrewsbury MA 01545
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EXIT

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