
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First15 x 20
Flooring - Wood
Dining Room
Lvl First15 x 16
Closet, Closet/Cabinets - Custom Built, Flooring - Wood, Window Seat
Kitchen
Lvl First20 x 23
Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Wood, Dining Area, Pantry, Country Kitchen, Exterior Access, Open Floorplan
Family Room
Lvl First20 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 Second15 x 20
Closet, Flooring - Wood
Bedroom 2
Lvl Second15 x 16
Bedroom 3
Lvl Second9 x 9
Closet, Flooring - Wood
Bedroom 4
Lvl Second9 x 7
Closet, Flooring - Wood
Bedroom 5
Lvl Second11 x 13
Closet, Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl Second7 x 9
Bathroom - Full
Listing Agent: Jason Fanning
Listing Office: RE/MAX Vision
MLS® Number: 73567979