878 Flat Hill Rd Lunenburg — Photo 1 of 25
$659,000
Investment Analysis — 878 Flat Hill Rd
Lunenburg, MA 01462
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01462 carries an estimated $2,620/mo in gross rent — about a 2.99% cap rate and $19,694/yr in estimated NOI at the $659,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
952
Style
Single Family
Built
1955
A rare opportunity for those with a vision. Lake Shirley is a 354-acre aquatic playground with 27 miles of shoreline. It’s a special place where Eagles, Loons, and other birds are frequent visitors. The charming cottage with a detached garage is suitable for year-round living. The 2-bedroom, 1 bath cottage is all you need when you are enjoying life on the water. A new wooden perimeter fence provides additional privacy, and an additional full outdoor bathroom is a huge bonus. The adjacent parcel, included in the sale, adds .6 acres for the home’s use for a total of over an acre! The beach/dock “landing” with lush grass, beautiful landscaping, 2 docks for your boat, and a shed for your kayaks and floats, is a paradise you can’t find anywhere. It's the perfect place to grill, hang with family, and enjoy lake life without the customary waterfront price tag and taxes! Just minutes to Devens businesses. Title V completed and passed. Don't miss this truly unique offering! Also offered in combination with Private Island Listing: 881 Flat Hill Road. See MLS Listing #73548312. and 875 Flat Hill Road MLS#
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: 476 sq ft (the lesser of 900 sq ft or half the 952 sq ft principal dwelling). Lot size: 44,431 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Property History
$879,000
Sep 10, 2026
MLS® 73548312
$659,000
Jul 11, 2026
MLS® 73548310
$879,000
Jul 11, 2026
MLS® 73548312
$975,000
Jan 31, 2026
MLS® 73435432
$975,000
Sep 24, 2025
MLS® 73435432
Listing Agent: Stefanie Roberts
Listing Office: Clear Path Realty,LLC
MLS® Number: 73548310