354 Massachusetts Ave Lunenburg — Photo 1 of 42
$419,900
Investment Analysis — 354 Massachusetts Ave
Lunenburg, MA 01462
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01462 carries an estimated $3,370/mo in gross rent — about a 6.06% cap rate and $25,453/yr in estimated NOI at the $419,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,821
Style
Single Family
Built
1875
Opportunity awaits with this spacious 3-bedroom home offering flexible living space and Commercial Zoning! The sun-filled living room features brand-new carpeting, creating a warm and inviting gathering space. The oversized kitchen flows seamlessly into the dining room, where sliders lead to the back deck—perfect for outdoor entertaining. A convenient first-floor laundry room and half bath add to the home's functionality. Upstairs you'll find three comfortable bedrooms and a full bath, while the third floor offers two bonus rooms ideal for a home office, playroom, guest space, or hobby area. Conveniently located near major commuter routes, shopping, and dining, this property offers endless possibilities for homeowners or those seeking a live/work opportunity. Buyers to perform their own due diligence regarding permitted commercial uses.
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 1,821 sq ft principal dwelling). Lot size: 21,344 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
Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Wall to Wall Carpet, Window(s) - Picture, Exterior Access, Lighting - Overhead
Dining Room
Lvl Main,FirstFlooring - Laminate, Deck - Exterior, Exterior Access, Slider, Lighting - Overhead
Kitchen
Lvl Main,FirstFlooring - Vinyl, Stainless Steel Appliances
Master Bedroom
Lvl SecondCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Vinyl, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Vinyl
Listing Agent: Lynn Walsh
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73546180