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161 Pleasant St Lunenburg — Photo 1 of 39

$525,000

Investment Analysis — 161 Pleasant St

Lunenburg, MA 01462

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01462 carries an estimated $3,950/mo in gross rent — about a 5.61% cap rate and $29,436/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,032

Style

Single Family

Built

1920

Set amid picturesque countryside yet convenient to amenities, this beautifully restored Gingerbread Antique blends timeless character with thoughtful modern updates. Enjoy peaceful views across the acres of green fields from the entire rear of the home, with a spacious deck overlooking the fenced yard—perfect for relaxing or entertaining. The impressive two-story barn, complete with a basement, offers abundant storage, workshop space, and exciting potential for additional living area, making this property well suited for hobby farming, animals, gardening, or other country pursuits. Inside, the updated kitchen and baths complement the home's classic charm. A brick fireplace creates a warm focal point in the inviting country-style living room, while the stately dining room showcases beautiful built-ins and a striking coffered ceiling, adding warmth and architectural character. A versatile first-floor room provides options for a home office, guest space, or bedroom. Beautiful hardwood floors run throughout. Updates in the last ten years include the furnace, electrical, windows, and plumbing, along with a new architectural 30-year roof installed in 2020, providing added peace of mind! With generous indoor and outdoor spaces, this distinctive Lunenburg property offers a wonderful combination of historic charm, flexibility, and scenic country living. Easy to show!

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: 900 sq ft (the lesser of 900 sq ft or half the 2,032 sq ft principal dwelling). Lot size: 31,799 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.