Investment Analysis — 66 Phillips St

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 5.34% cap rate and $18,150/yr in estimated NOI at the $339,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,772

Style

Single Family

Built

1922

Come on out and be the first to see this new to market 4 bedroom family home in a great family neighborhood. 66 Phillips St, is a expansive quality constructed property built in 1922 offering 1772 square feet of refined living space. This residence is set upon a generous 12415 square foot lot, providing ample grounds for privacy and outdoor enjoyment. The home features four well-proportioned bedrooms, offering versatile accommodations for residents and guests alike. Complementing these private spaces are 2 full bathrooms, one on each floor. This home has had many upgrades with newer electrical panel, furnace and hot water tank. The neighborhood offers a playground and park just around the corner and offer a great opportunity for kids or grand kids. Also included is an oversized auxiliary structure that can be used as a workshop or studio space. To explore the exceptional quality and lifestyle offered by this Fitchburg residence, we invite your professional inquiry and a personal viewing.

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: 886 sq ft (the lesser of 900 sq ft or half the 1,772 sq ft principal dwelling). Lot size: 12,415 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.