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16 Days on market
131 Main St Chelmsford — Photo 1 of 40

131 Main St Chelmsford — Photo 1 of 40

$674,900

Investment Analysis — 131 Main St

Chelmsford, MA 01863

Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 3-bedroom in 01863 carries an estimated $2,670/mo in gross rent — about a 2.33% cap rate and $15,744/yr in estimated NOI at the $674,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

2,217

Style

Single Family

Built

1918

Welcome to 131 Main Street, a charming and spacious home set well back from the road on a beautiful, oversized lot surrounded by mature trees and fruit trees. With its inviting Craftsman feel, thoughtful spaces and wonderful outdoor areas, this home offers a warm and comfortable place. Step inside to a spacious eat in kitchen featuring classic beadboard, plenty of room for gathering and a welcoming feel. The cozy family room is the perfect place to relax by the wood stove, while the living room offers a charming window seat that adds both character and function. Three bedrooms and two full baths provide comfortable living space for all. The finished room in the basement offers flexibility for a home office, hobby room, playroom or additional living space. One of the property's standout features is the oversized garage, complete with a separate electrical box and heating system. The heated second floor offers exciting possibilities for a home-based business, studio, workshop or additional storage. Outside, the expansive lot provides plenty of room to enjoy the privacy and natural beauty of the property. Mature trees and fruit trees create a lovely setting, while the deck and welcoming porch provide the perfect spots to relax on warm summer evenings. Full of charm, character and opportunity, 131 Main Street is a property that offers much more than meets the eye. Come discover the space, flexibility and wonderful setting this special home 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 2,217 sq ft principal dwelling). Lot size: 103,673 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$674,900
Annual Taxes$8,606

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Tile, Laminate
BasementPartial, Crawl Space, Partially Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Oil, Electric
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Asphalt/Composition Shingles
FoundationStone
ZoningRB

Property & Lot

Acres2.38
SqFt Lot103,673
Lot FeaturesWooded, Gentle Sloping, Level

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Range Hood

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomFamily RoomBathroom 1
Main,First
Kitchen
Living Room
Lvl First

22 x 14

Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room
Lvl First

12 x 11

Flooring - Hardwood, Lighting - Overhead

Kitchen
Lvl Main,First

12 x 11

Ceiling Fan(s), Flooring - Hardwood, Breakfast Bar / Nook, Exterior Access, Lighting - Overhead, Beadboard

Family Room
Lvl First

14 x 10

Wood / Coal / Pellet Stove, Ceiling Fan(s), Closet, Flooring - Hardwood

Master Bedroom
Lvl Second

15 x 14

Ceiling Fan(s), Vaulted Ceiling(s), Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

18 x 11

Bedroom 3
Lvl Second

12 x 11

Ceiling Fan(s), Closet, Flooring - Laminate

Bathroom 1
Lvl First

7 x 5

Bathroom - With Tub & Shower, Flooring - Laminate

Bathroom 2
Lvl Second

11 x 6

Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub

Listing Provided By

Listing Agent: Raymond Boutin

Listing Office: RE/MAX Innovative Properties

MLS® Number: 73569064