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316 Days on market

837 Mount Elam Rd Fitchburg — Photo 1 of 42

$1,100,000

Investment Analysis — 837 Mount Elam Rd

Fitchburg, MA 01420

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 5-bedroom in 01420 carries an estimated $2,500/mo in gross rent — about a 1.01% cap rate and $11,157/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

5,080

Style

Single Family

Built

2003

This 5 bed/4 bath, 5000+ sq ft residence offers the perfect multi-use floor plan. Quietly nestled on 2.72 acres in sought-after Fitchburg location with easy access to RT 2.The home features soaring ceilings, dual staircases, and a grand primary suite. The main level includes hardwood floors, a tiled country kitchen with an oversized island w-seating. Included is also a separate sun-drenched home office. First floor bedroom with full bath and handicapped equipped walk in shower. Enjoy wildlife views through a spectacular wall of windows overlooking the private backyard and patio area. Practical luxury includes a pellet stove, an oversized, heated 3-car garage, hardwired back up generator, second-floor laundry, and an enormous basement ready to finish, complete with a sauna. New roof (2023), recently repaved driveway (2021), and a private well for outdoor watering enhance this homes value. Schedule your private showing today. Quick closing is possible.

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 5,080 sq ft principal dwelling). Lot size: 118,483 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.