
116 Island Rd Lunenburg — Photo 1 of 42
$789,900
Investment Analysis — 116 Island Rd
Lunenburg, MA 01462
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01462 carries an estimated $3,950/mo in gross rent — about a 3.28% cap rate and $25,931/yr in estimated NOI at the $789,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
3,309
Style
Single Family
Built
1996
Welcome to this spacious 4–5 bedroom Colonial offering southern exposure, flexible living space, energy-efficient features, and access to beautiful Hickory Hills Lake! Set on almost 2 acres, this oversized home features a private one-bedroom apartment/in-law suite, ideal for multigenerational living. The apartment offers wider doorways, a walk-in shower, its own comfortable living space, and lovely views of the mature landscaping. The main home welcomes you with a charming farmer’s porch and screened porch. Inside, the front-to-back family room features hardwood floors and a cozy wood stove and flows into the country kitchen with quartz countertops and eat in dining area. A generously sized dining room provides plenty of space for entertaining and large gatherings. Upstairs are four bedrooms and two additional baths with a primary en-suite, while the basement offers garage access, abundant storage, and finished bonus space. Outside, enjoy your own backyard retreat with an above ground pool with composite decking overlooking your backyard. Owner-owned solar and electric vehicle charging stations add to the home’s energy efficiency and convenience. Situated high on the property, the home offers seasonal views of Hickory Hills Lake—and best of all, lake access for swimming, boating, and enjoying this wonderful lake community. A unique opportunity offering space, versatility, recreation, and a sought-after lake lifestyle!
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 3,309 sq ft principal dwelling). Lot size: 80,000 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 • Dishwasher • Microwave • Refrigerator • Second Dishwasher
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl Main,FirstFlooring - Hardwood, Lighting - Overhead, Crown Molding
Kitchen
Lvl Main,FirstCloset, Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Overhead
Office
Lvl SecondCloset, Flooring - Hardwood, Lighting - Overhead
Master Bedroom
Lvl SecondBathroom - Full, Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood, Lighting - Overhead, Beadboard
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub
Property History
$789,900
Sep 8, 2026
MLS® 73572764
$799,000
Aug 20, 2026
MLS® 73529533
$799,000
Jun 3, 2026
MLS® 73529533
Listing Agent: Lynn Walsh
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73572764
