Investment Analysis — 220 Park St

Athol, MA 01331

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01331 carries an estimated $2,520/mo in gross rent — about a 8.49% cap rate and $19,104/yr in estimated NOI at the $225,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,521

Style

Single Family

Built

1860

**ATTENTION CONTRACTORS, FLIPPERS & INVESTORS!** Don’t miss this value-add opportunity with 4 bedrooms, 2 bathrooms, and over 2,500 sq. ft. of living space. Offering substantial square footage and plenty of potential for renovation and repositioning, this property is ready for an investor with the vision to bring it to its full potential.Whether you’re looking for your next flip or renovation project this is an opportunity worth exploring. Investor opportunities with this much space don’t come around every day. House has great bones! Schedule your showing, bring your vision, and make your offer!**Sold strictly AS-IS. Cash or hard money preferred.**

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 2,521 sq ft principal dwelling). Lot size: 19,000 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 MLS and other third-party data may be inaccurate or out of date.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.