622 Textile Ave Dracut — Photo 1 of 42
$699,900
Investment Analysis — 622 Textile Ave
Dracut, MA 01826
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01826 carries an estimated $3,080/mo in gross rent — about a 3.39% cap rate and $23,705/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
1,748
Style
Single Family
Built
1936
Thoughtfully reimagined from top to bottom, this renovated 4-bedroom, 3-full-bath home offers the perfect blend of modern design, functionality and character. Step inside to a stunning open-concept kitchen, dining and living space highlighted by soaring vaulted ceilings and an abundance of natural light. The thoughtfully designed kitchen features stainless steel appliances, quartz countertops, new cabinetry, a spacious peninsula with seating and pendant lighting, all opening seamlessly to the living and dining areas. The first-floor primary suite offers a private retreat with a spacious walk-in closet and beautifully appointed bath featuring a double vanity, tiled shower and separate water closet. A second full bath and laundry complete the first floor, while upstairs you'll find three additional bedrooms and another renovated full bath. Major improvements include a new roof, first-floor heat-pump heating and A/C, updated plumbing and electrical including a new 200-amp panel, new flooring and fresh finishes throughout. Outside, enjoy a .55-acre lot, front porch and rear deck. A rare combination of modern finishes, flexible living space and major system upgrades. This is one you won't want to miss.
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: 874 sq ft (the lesser of 900 sq ft or half the 1,748 sq ft principal dwelling). Lot size: 23,859 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
Electric Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Plumbed For Ice Maker
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstOpen Floorplan, Recessed Lighting
Dining Room
Lvl FirstVaulted Ceiling(s), Open Floorplan, Recessed Lighting
Kitchen
Lvl FirstVaulted Ceiling(s), Countertops - Upgraded, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Slider, Stainless Steel Appliances, Lighting - Pendant
Primary Bedroom
Lvl Main,FirstWalk-In Closet(s), Recessed Lighting, Half Vaulted Ceiling(s)
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondListing Agent: Ed Costa
Listing Office: eXp Realty LLC
MLS® Number: 73586444
