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509 Ashby State Rd Fitchburg — Photo 1 of 41

509 Ashby State Rd Fitchburg — Photo 1 of 41

$529,000

Investment Analysis — 509 Ashby State Rd

Fitchburg, MA 01420

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01420 carries an estimated $2,500/mo in gross rent — about a 3.13% cap rate and $16,562/yr in estimated NOI at the $529,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,488

Style

Single Family

Built

1930

Looking for land, privacy, and endless possibilities? Nestled on approximately 3 picturesque acres and tucked well back from the road, this charming country retreat offers the perfect blend of tranquility and convenience. The versatile floor plan features 4 bedrooms, including a spacious first-floor primary bedroom with walk in closet and slider to enormous wrap around deck. The heart of the home includes a welcoming kitchen with pantry, flowing into a bright family room highlighted by soaring cathedral ceilings. The second level offers two enormous bedrooms each with their own character. The basement offers a large woodshop that can be converted to a family room or ADU unit. Step outside to the expansive wraparound deck, an ideal setting for entertaining, relaxing, or taking in the peaceful surroundings and abundant wildlife. The large private yard offers plenty of room for gardening, recreation, and future expansion, while the oversized driveway provides ample parking for guests, vehicles, and recreational equipment. Throughout the home you'll discover charming details and character that create a warm, inviting atmosphere. Updates include new gas burner, new water filtration system, renovated bathroom, newer appliances, and generator. Enjoy the best of both worlds with this private oasis located just minutes from the high school, local colleges, shopping, commuter rail access, and major routes. A quick closing is possible, allowing you to settle into your new home and start creating memories right away.

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 2,488 sq ft principal dwelling). Lot size: 133,355 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.

Property Details

Financials

Original Price$529,000
Annual Taxes$6,238

Parking

Garage1
Off-Street11

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood
BasementFull, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRR

Property & Lot

Acres3.06
SqFt Lot133,355
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3Bedroom 4
First
Living RoomDining RoomKitchenFamily RoomPrimary BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl First

12 x 12

Flooring - Hardwood

Dining Room
Lvl First

12 x 12

Flooring - Hardwood

Kitchen
Lvl First

15 x 15

Flooring - Stone/Ceramic Tile

Family Room
Lvl First

21 x 12

Flooring - Hardwood

Primary Bedroom
Lvl First

19 x 12

Flooring - Hardwood

Bedroom 2
Lvl First

14 x 13

Bedroom 3
Lvl Second

24 x 12

Flooring - Hardwood

Bedroom 4
Lvl Second

15 x 12

Flooring - Hardwood

Bathroom 1
Lvl First

12 x 8

Bathroom - Full, Dryer Hookup - Gas, Washer Hookup

Bathroom 2
Lvl First

10 x 5

Listing Provided By

Listing Agent: Mike Destefano

Listing Office: Coldwell Banker Realty - Waltham

MLS® Number: 73584371