Investment Analysis — 87 Bellevue Dr East

Athol, MA 01331

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01331 carries an estimated $2,090/mo in gross rent — about a 4.16% cap rate and $13,308/yr in estimated NOI at the $319,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,010

Style

Single Family

Built

1955

Tucked away on a quiet dead-end street near Sportsman Pond, this spacious multi-level home offers room to grow and plenty of potential. Set on nearly half an acre, the property provides both privacy and flexibility. Inside, you'll find 3 bedrooms, 2 full baths, an enclosed porch, and a cozy patio. The attached two-car garage adds convenience, but the real standout is the oversized 3-bay garage with finished space above. Whether you're looking for a home office, art studio, or guest space, this separate area could function as an accessory dwelling unit (ADU), offering self-contained space for a variety of needs. While the home does need some work, it's a great opportunity for someone ready to invest a little sweat equity. Don't miss out, schedule your showing today!

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 2,010 sq ft principal dwelling). Lot size: 18,876 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 MLS and other third-party data may be inaccurate or out of date.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.