3816 Chestnut Hill Ave Athol — Photo 1 of 37
$425,000
Investment Analysis — 3816 Chestnut Hill Ave
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 3.46% cap rate and $14,685/yr in estimated NOI at the $425,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,392
Style
Single Family
Built
1972
Charming and spacious 3-bedroom ranch set on a private 1.88 acre lot in Athol. Offering approx 2,392 sq ft of versatile living space, this home features a finished lower level with family/game room, sitting area with fireplace, laundry room, workshop, and access to a screened 3-season porch great for relaxing or entertaining. The main level showcases an open kitchen with abundant cabinetry and counter space, flowing into the dining area and a fire placed living room. Two full baths provide added convenience. A 2-car garage offers ample storage. Enjoy energy efficiency with solar panels, plus expansive outdoor space perfect for gardening, recreation, or future enhancements. A wonderful blend of comfort, space, and privacy!
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 2,392 sq ft principal dwelling). Lot size: 80,586 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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Wall to Wall Carpet, Window(s) - Picture
Dining Room
Lvl FirstFlooring - Laminate, Open Floorplan
Kitchen
Lvl FirstFlooring - Laminate, Dining Area, Peninsula
Family Room
Lvl BasementFlooring - Wall to Wall Carpet, Wet Bar, Slider
Master Bedroom
Lvl FirstFlooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl BasementBathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Lana Kopsala
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73565051