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18 Days on market
488 S Main St Athol — Photo 1 of 42

488 S Main St Athol — Photo 1 of 42

$308,000

Investment Analysis — 488 S Main St

Athol, MA 01331

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 5-bedroom in 01331 carries an estimated $2,520/mo in gross rent — about a 6.04% cap rate and $18,611/yr in estimated NOI at the $308,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2

SqFt

2,730

Style

Single Family

Built

1775

The venerable 18th century front door has greeted guests for 250 years upon entering this significant Georgian home... A remarkably intact antique with important original features throughout... 4 fireplaces, wide pine flooring, Norfolk latches, 19th century wallpapers, fine dentil molding and a myriad of other touches remain... An Historic Deerfield curator visit from 2013 documented fine extant marbleized baseboards upstairs. Deerfield may have influenced an earlier,1950s Colonial Revival reworking of the charming kitchen.. 11 rooms, workshops, buttery and a very cozy reading loft. Three level 32 X 42 New England barn has two main levels plus several lofts and two tack rooms. Over 4 acres with abundant road frontage to guarantee privacy.. Sit in the front yard and take in the glorious view across the lower meadow of the Millers River. A truly rare opportunity for an Early American home connoisseur in bringing back the glory of this property. Town water and sewer, Rte 2A exposure and the detached barn could open many creative uses. Located near the Pioneer Valley and the Quabbin reservoir, yet minutes to highway, shopping and town center. Home will require a fairly involved restoration in and out limiting financing options. Be the next chapter of this property's history.

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 2,730 sq ft principal dwelling). Lot size: 181,210 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

Original Price$308,000
Annual Taxes$4,371

Parking

Garage0
Off-Street12

Interior Specifications

Total Rooms11
Fireplaces4
FlooringWood, Tile, Vinyl, Pine
BasementFull, Interior Entry, Bulkhead, Dirt Floor, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Post & Beam
RoofShingle, Slate, Rubber, Metal
FoundationConcrete Perimeter, Block, Stone, Granite
ZoningRA

Property & Lot

Acres4.16
SqFt Lot181,210
Lot FeaturesWooded, Farm, Marsh, Sloped

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Refrigerator • Washer

Neighborhood

Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bedroom 5Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

15 x 20

Flooring - Wood

Dining Room
Lvl First

15 x 16

Closet, Closet/Cabinets - Custom Built, Flooring - Wood, Window Seat

Kitchen
Lvl First

20 x 23

Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Wood, Dining Area, Pantry, Country Kitchen, Exterior Access, Open Floorplan

Family Room
Lvl First

20 x 23

Bathroom - Full, Beamed Ceilings, Closet, Closet/Cabinets - Custom Built, Flooring - Wood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan

Master Bedroom
Lvl Second

15 x 20

Closet, Flooring - Wood

Bedroom 2
Lvl Second

15 x 16

Bedroom 3
Lvl Second

9 x 9

Closet, Flooring - Wood

Bedroom 4
Lvl Second

9 x 7

Closet, Flooring - Wood

Bedroom 5
Lvl Second

11 x 13

Closet, Flooring - Wood

Bathroom 1
Lvl First

Bathroom - Full

Bathroom 2
Lvl Second

7 x 9

Bathroom - Full

Listing Provided By

Listing Agent: Jason Fanning

Listing Office: RE/MAX Vision

MLS® Number: 73567979