401 Petersham Road Athol — Photo 1 of 32
Recent Drop: $25,900
$349,000
Investment Analysis — 401 Petersham Road
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 4.25% cap rate and $14,819/yr in estimated NOI at the $349,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,812
Style
Single Family
Built
1950
Motivated sellers! Year-round waterfront living on beautiful Lake Ellis! Set on 0.59 acres with 160' of lake frontage, this charming Cape offers the opportunity to create your own private lakeside oasis. Enjoy boating, fishing, kayaking, swimming, or simply relaxing by the water from your own backyard. Features include a desirable first-floor bedroom, fresh interior paint, a HearthStone wood stove, and solar installed within the last two years with the roof replaced at the time of installation to help offset the fully electric home. Outside you'll find an in-ground pool, detached garage, and a spacious yard with endless possibilities to transform this property into the waterfront retreat you've always envisioned. Conveniently located minutes from Route 2 and close to hiking, golf, shopping, restaurants, and all the outdoor recreation the North Quabbin region has to offer.
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 1,812 sq ft principal dwelling). Lot size: 25,700 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.
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Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
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Property History
$349,000
Was $359,000
Aug 20, 2026
MLS® 73549495
$359,000
Was $374,900
Aug 4, 2026
MLS® 73549495
$374,900
Jul 16, 2026
MLS® 73549495
Listing Agent: Samantha Mcintire
Listing Office: Keller Williams Gateway Realty
MLS® Number: 73549495