
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Range Hood
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First22 x 14
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl First12 x 11
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl Main,First12 x 11
Ceiling Fan(s), Flooring - Hardwood, Breakfast Bar / Nook, Exterior Access, Lighting - Overhead, Beadboard
Family Room
Lvl First14 x 10
Wood / Coal / Pellet Stove, Ceiling Fan(s), Closet, Flooring - Hardwood
Master Bedroom
Lvl Second15 x 14
Ceiling Fan(s), Vaulted Ceiling(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second18 x 11
Bedroom 3
Lvl Second12 x 11
Ceiling Fan(s), Closet, Flooring - Laminate
Bathroom 1
Lvl First7 x 5
Bathroom - With Tub & Shower, Flooring - Laminate
Bathroom 2
Lvl Second11 x 6
Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub
Listing Agent: Raymond Boutin
Listing Office: RE/MAX Innovative Properties
MLS® Number: 73569064
