48 Island Rd Lunenburg — Photo 1 of 27
Recent Drop: $50,000
$774,900
Investment Analysis — 48 Island Rd
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 3.40% cap rate and $26,384/yr in estimated NOI at the $774,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,550
Style
Single Family
Built
2026
Beautiful new construction home with lake access to Hickory Hills Lake. This 3-bed, 3-bath property features an additional home office, central AC and heat, a 2-car garage, and a spacious primary suite with walk-in closet. Located in a quiet neighborhood just steps from the water—perfect for swimming, kayaking, and year-round recreation. Move-in ready with modern finishes throughout.
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 2,550 sq ft principal dwelling). Lot size: 20,473 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 MLS and other third-party data may be inaccurate or out of date.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
ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Cooktop • Oven
Neighborhood
Conservation Area
Geography
Property History
$774,900
Was $824,900
Aug 18, 2026
MLS® 73559945
$824,900
Aug 5, 2026
MLS® 73559945
Listing Agent: Danny Hernandez
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73559945