Investment Analysis — 73 Shady Ave

Westminster, MA 01473

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01473 carries an estimated $3,750/mo in gross rent — about a 4.75% cap rate and $28,487/yr in estimated NOI at the $599,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,400

Style

Single Family

Built

1745

Welcome to 73 Shady Ave, Westminster! An extensively renovated property offering exceptional flexibility, modern finishes, scenic pond views, and separate legal detached dwelling that can be used as an ADU (Accessory Dwelling Unit) . This spacious main residence features 3 bedrooms and 2 full bathrooms, including a primary bedroom with a walk-in closet. Enjoy an open concept living area, a large family room, and a charming breakfast nook overlooking the pond. The beautiful, updated kitchen features new cabinetry, granite countertops, stainless-steel appliances, and walk-in pantry. Additional improvements include updated flooring, renovated bathrooms, first-floor laundry hookups, new structural support beans and framing in the basement. The property also has a brand-new septic system with a lifetime warranty. The separate detached dwelling offers one bedroom, a kitchen, renovated bathroom, new flooring, a private entrance, and its own porch with pond views ideal for extended family, guests, a home office, or potential rental income. This unique property is conveniently located near Wachusett Mountain, golf courses, hiking trails, lakes, and everything Westminster has to offer. A rare opportunity to enjoy a beautiful, renovated home with added space, versatility, and income producing potential.

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 2,400 sq ft principal dwelling). Lot size: 50,093 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.