Investment Analysis — 5 Martin Dr

Billerica, MA 01821

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01821 carries an estimated $3,530/mo in gross rent — about a 3.89% cap rate and $25,308/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,837

Style

Single Family

Built

1952

Charming ranch style home on a quiet Billerica cul-de-sac! This 3 bed, 2 bath residence features a bright living room with a bay window, newly-refinished hardwood floors, and convenient main level laundry. The eat-in kitchen opens directly to a relaxing screened-in porch.A major highlight is the oversized 2 car garage with living space above, offering incredible potential for an in-law suite, home office, or guest apartment. Outside, enjoy spacious front and rear yards, a long driveway, a partially fenced backyard perfect for pets, and a roof under 10 years old. Excellent location close to major highways and the new Billerica Recreation Center. A must-see!

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 1,837 sq ft principal dwelling). Lot size: 23,636 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 MLS and other third-party data may be inaccurate or out of date.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.