35 Essex Street Athol — Photo 1 of 16
Recent Drop: $40,000
$219,000
Investment Analysis — 35 Essex Street
Athol, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01331 carries an estimated $2,520/mo in gross rent — about a 9.10% cap rate and $19,925/yr in estimated NOI at the $219,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,174
Style
Single Family
Built
1885
Opportunity awaits this 4-bedroom, 1-bath home with a small side yard for its new owner. The first floor features a kitchen, living room, laundry room, and two bedrooms, along with a walk-up attic offering additional storage space. The second floor includes two more bedrooms and a bonus room, providing flexible living options. This property is ready for renovations, updates, and repairs and may not qualify for all types of financing. However, it offers outstanding value-add potential for investors, contractors, or owner-occupants looking to build equity. Off-street parking for two vehicles adds to the home's appeal. Ideally located in the heart of Athol, this home is just minutes from the YMCA, restaurants, shopping, and other local amenities.
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: 587 sq ft (the lesser of 900 sq ft or half the 1,174 sq ft principal dwelling). Lot size: 2,508 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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Refrigerator • Washer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wall to Wall Carpet
Kitchen
Lvl FirstCeiling Fan(s), Flooring - Vinyl, Exterior Access
Master Bedroom
Lvl FirstCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full
Property History
$219,000
Was $245,000
Sep 10, 2026
MLS® 73549242
$245,000
Was $259,000
Aug 23, 2026
MLS® 73549242
$259,000
Jul 14, 2026
MLS® 73549242
Listing Agent: Stephanie Pandiscio
Listing Office: Foster-Healey Real Estate
MLS® Number: 73549242
