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133 Lakeshore Blackstone — Photo 1 of 9

133 Lakeshore Blackstone — Photo 1 of 9

$409,999

Investment Analysis — 133 Lakeshore

Blackstone, MA 01504

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01504 carries an estimated $2,040/mo in gross rent — about a 3.36% cap rate and $13,795/yr in estimated NOI at the $409,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

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Baths

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SqFt

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Style

Residential

Built

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ATTENTION BUILDERS, DEVELOPERS, and custom home builders: a rare build-ready lakefront opportunity awaits! This exceptional Lake Hiawatha homesite offers approximately 0.44 acres with 105+/- feet of unobstructed lake frontage and substantial groundwork already completed for a new four-bedroom residence. With an approved building permit, a four-bedroom approved septic design, approved/recorded Orders of Conditions from the Conservation Commission, available architectural plans, and a cleared homesite, much of the planning and permitting process is already in place. This property provides a unique opportunity to move toward constructing a custom waterfront residence designed around expansive lake views and exceptional indoor-outdoor living. Four-bedroom architectural plans are available, offering a valuable head start for a builder, developer, or homeowner looking to create a distinctive lakefront home. Additional potential efficiencies include an existing foundation that meets the new build plans, an existing artesian well, and a lot cleared of pre-existing trees. The site also offers the potential for an approximately 30-foot walk-out patio, creating an ideal setting for outdoor entertaining while fully enjoying the expansive water views. Envision a custom home thoughtfully oriented toward the lake, with generous windows, seamless indoor-outdoor living, and outdoor spaces that extend naturally toward the waterfront. With significant permitting, planning, site preparation, and design work already completed, this is a rare opportunity to take advantage of a substantially prepared lakefront homesite and bring a new residence to life. Enjoy the tranquility and natural beauty of Lake Hiawatha!

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.

Property Details

Financials

Original Price$409,999
Annual Taxes$4,810

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPrivate, On-Site
SewerPrivate Sewer, On-Site, Perc Test On File

Building & Exterior

Construction--
Roof--
Foundation--
ZoningR3

Property & Lot

Acres0.44
SqFt Lot19,166
Lot FeaturesSloped, Cleared, Gentle Sloping

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Bike Path

Geography

Listing Provided By

Listing Agent: Andrew Spas

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73582608