Investment Analysis — 123 Franklin St

Winchendon, MA 01475

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 2-bedroom in 01475 carries an estimated $1,730/mo in gross rent — about a 4.92% cap rate and $14,272/yr in estimated NOI at the $290,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,100

Style

Single Family

Built

1900

This is a well-kept neat and clean cottage with expected irregularities. Many recent updates. The house has five rooms and one full bath, all on the first-floor level. It has three heating options, electric, Propane gas, or a pellet stove which is included in the price. The Propane gas heaters are new. The house only has a partial cellar with access through a floor hatch. The house is serviced by a recently installed septic system. The roof shingles are about 7 years old. The property is located at the end of a low traffic st. Great location. The lot is mostly cleared with lawn in the front and back.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 550 sq ft (the lesser of 900 sq ft or half the 1,100 sq ft principal dwelling). Lot size: 12,632 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.