27 Forest Park Ave Billerica — Photo 1 of 31
$499,900
Investment Analysis — 27 Forest Park Ave
Billerica, MA 01862
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 3-bedroom in 01862 carries an estimated $2,960/mo in gross rent — about a 4.15% cap rate and $20,731/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,368
Style
Single Family
Built
1968
Bring Your Vision to This Well-Located Split Entry! This one may need TLC, but the location? Fabulous! Nestled in a highly desirable neighborhood, this split-entry home is ready for someone with vision, creativity, and a healthy appreciation for a good before-and-after story. Inside, you’ll find hardwood floors waiting to be refinished and plenty of opportunity to bring the home back to life. The entire house needs attention, making this a true chance to renovate, refresh, and create something that feels entirely your own. If you’ve been looking for a project in a neighborhood where the location does some of the heavy lifting, this could be the one! The neighborhood already has it. Roll up your sleeves, bring your ideas, and get ready to unlock the potential! THE HOLD HARMLESS AGREEMENT ATTACHED TO THE PAPER CLIP MUST BE SIGNED IN ORDER TO GET A CONFIRMED APPOINTMENT. DO NOT WALK THE PROPERTY UNACCOMPANIED BY AN AGENT! ACCESS TO THE DECK FROM THE SLIDER OR THE YARD IS PROHIBITED!
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: 684 sq ft (the lesser of 900 sq ft or half the 1,368 sq ft principal dwelling). Lot size: 15,377 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 • Refrigerator
Neighborhood
Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFamily Room
Lvl BasementMaster Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl FirstListing Agent: Cook And Company Real Estate Team
Listing Office: LAER Realty Partners
MLS® Number: 73569704
