
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First12 x 12
Flooring - Hardwood
Dining Room
Lvl First12 x 12
Flooring - Hardwood
Kitchen
Lvl First15 x 15
Flooring - Stone/Ceramic Tile
Family Room
Lvl First21 x 12
Flooring - Hardwood
Primary Bedroom
Lvl First19 x 12
Flooring - Hardwood
Bedroom 2
Lvl First14 x 13
Bedroom 3
Lvl Second24 x 12
Flooring - Hardwood
Bedroom 4
Lvl Second15 x 12
Flooring - Hardwood
Bathroom 1
Lvl First12 x 8
Bathroom - Full, Dryer Hookup - Gas, Washer Hookup
Bathroom 2
Lvl First10 x 5
Listing Agent: Mike Destefano
Listing Office: Coldwell Banker Realty - Waltham
MLS® Number: 73584371








