Active

6 Days on market

381 Boston Rd Billerica — Photo 1 of 40

$995,000

Investment Analysis — 381 Boston Rd

Billerica, MA 01821 — Billerica Center

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01821 carries an estimated $3,890/mo in gross rent — about a 2.51% cap rate and $25,002/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

3.5

SqFt

5,686

Style

Single Family

Built

1811

Rare opportunity to own the historic “Joseph Locke House,” where history abounds! Located in the Historic Billerica Center District, this property is ideal for a permitted home-based business as well as exceptional residential living. The possibilities are endless! Built in 1811, this home has been meticulously renovated to preserve its character and charm while providing modern conveniences. Custom kitchen features a Viking stove, Sub-Zero refrigerator/freezer, walk-in pantry, and charming built-in bench seating. Oversized rooms provide spectacular entertaining space. Home features 4+ bedrooms, numerous fireplaces, newer 4-zone boiler, windows and roof. Solar panels are hot water assist. Generator in garage. Reverse Osmosis drinking water and ice in kitchen. From the entrance foyer with its mahogany staircase, American chestnut flooring and custom wallpaper to the elegant sitting rooms, you will be enchanted. This must-see property offers countless unique features, beautiful grounds and a large detached garage. Truly a unique and stunning property you will be proud to call home!

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 5,686 sq ft principal dwelling). Lot size: 57,020 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.

Financials

Original Price$995,000

Annual Taxes$10,475

Parking

Garage2

Off-Street12

Interior Specifications

Total Rooms12

Fireplaces8

FlooringWood, Vinyl, Hardwood, Flooring - Vinyl, Flooring - Hardwood

BasementFull, Walk-Out Access, Bulkhead, Dirt Floor, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas

CoolingWindow Unit(s)

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionPost & Beam

RoofShingle

FoundationGranite

Zoning2

Property & Lot

Acres1.31

SqFt Lot57,020

Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Solar Hot Water • Range • Oven • Dishwasher • Refrigerator • Washer • Dryer • Vacuum System • Range Hood • Water Softener • Plumbed For Ice Maker