114 Old Meadow Rd Dracut — Photo 1 of 33
$599,900
Investment Analysis — 114 Old Meadow Rd
Dracut, MA 01826
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01826 carries an estimated $3,080/mo in gross rent — about a 3.82% cap rate and $22,909/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,810
Style
Single Family
Built
1946
Rare find with this single family home that has a legal IN LAW. According to the town building department the in law can be converted to an ADU. So much potential for having your extended family live with you, live on one side and rent out the other, or as a straight investment opportunity to rent out both units. Not too mention there's space in the yard to potentially build an ADU! The main part of the home boasts a cabinet packed kitchen with an open floor plan, sun drenched living room with a wall of windows, three good sized bedrooms, full bath with a tub and shower, and so much more. The In-Law has a cute kitchen with a good sized living and bedroom, it's own separate laundry, full bath, entry door, private deck out back, and two means of egress. Ample parking in the extra wide driveway that allows for easy access to both the main house and the In Law. Enjoy the cozy Fall nights to come in your wonderful, over sized yard that is perfect for all your outdoor activities. Ideal location that is close to UMass Lowell, shops/restaurants, and everything else Dracut 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 1,810 sq ft principal dwelling). Lot size: 16,624 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17.333333333 x 19.083333333
Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Exterior Access
Kitchen
Lvl First9.916666666 x 15.75
Flooring - Laminate, Dining Area, Dryer Hookup - Electric, Open Floorplan, Washer Hookup
Family Room
Lvl First15 x 11
Flooring - Wall to Wall Carpet, Exterior Access
Master Bedroom
Lvl First11 x 14.333333333
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First9.416666666 x 12.5
Bedroom 3
Lvl First9.416666666 x 12.5
Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl First11 x 11.75
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First9 x 6.083333333
Bathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl First5.916666666 x 9.25
Bathroom - Full, Bathroom - With Tub & Shower
Listing Agent: Kenneth Purtell
Listing Office: RE/MAX Innovative Properties
MLS® Number: 73573943
