308 Boutelle St Fitchburg — Photo 1 of 32
$450,000
Investment Analysis — 308 Boutelle St
Fitchburg, MA 01420 — Fitchburg
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 4.03% cap rate and $18,139/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,350
Style
Single Family
Built
1957
Welcome home to this thoughtfully updated 4-bedroom home, where inviting living spaces, modern improvements, and indoor-outdoor living come together beautifully. The open-concept main living area is full of character, featuring a beautiful fireplace and exposed beams that create a warm, welcoming space for gathering and entertaining. The newly finished walk-out basement offers even more room to spread out, with direct access to the covered area beneath the expansive new deck—an ideal opportunity to create an additional outdoor living or entertaining space overlooking the pool and fenced-in yard. With bathrooms on every floor, a large new deck, and plenty of space both inside and out, this home was designed with everyday living in mind. Recent energy-conscious improvements include conversion to gas and solar panels at $99.95/month. Conveniently located just moments from downtown Fitchburg, with easy access to shopping, dining, recreation, and area amenities. Thoughtfully updated, full of character, and ready for its next chapter—this is one you’ll want to see!
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 2,350 sq ft principal dwelling). Lot size: 11,234 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
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Park • Laundromat • Highway Access
Geography
Property History
$450,000
Aug 27, 2026
MLS® 73567379
$375,000
Apr 23, 2025
MLS® 73305286
$349,900
Dec 5, 2024
MLS® 73317078
$349,900
Dec 3, 2024
MLS® 73317078
$375,000
Oct 23, 2024
MLS® 73305286
Listing Agent: Amber Martin
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73567379