3735 Chestnut Hill Ave Athol — Photo 1 of 30
$350,000
Investment Analysis — 3735 Chestnut Hill Ave
Athol, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01331 carries an estimated $2,090/mo in gross rent — about a 4.34% cap rate and $15,194/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,378
Style
Single Family
Built
1961
Welcome home to this beautifully maintained ranch nestled in one of Athol's most desirable neighborhoods. Perfectly positioned to take in scenic views across the street, this home offers the ideal blend of comfort, convenience, and outdoor recreation. Inside, you'll find a bright and inviting living room centered around a classic fireplace, gleaming hardwood floors, and a functional layout designed for everyday living. Major updates provide peace of mind, including a brand-new roof (2026) with transferable warranty. Step outside to enjoy the private backyard, complete with an attached garage and storage shed, offering plenty of space for hobbies and outdoor living. Located just minutes from Tully Lake—a 200-acre outdoor recreation destination offering kayaking, canoeing, fishing, camping, and access to the scenic 22-mile Tully Trail—this home is perfectly positioned for those who love the outdoors. Whether you're looking for your first home, downsizing, or simply seeking one-level living in a fantastic location, this property is one you won't want to miss!
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: 689 sq ft (the lesser of 900 sq ft or half the 1,378 sq ft principal dwelling). Lot size: 56,628 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
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCeiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead, Archway
Kitchen
Lvl Main,FirstCeiling Fan(s), Flooring - Vinyl, Exterior Access, Lighting - Overhead
Master Bedroom
Lvl Main,FirstCloset, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Main,FirstBedroom 3
Lvl Main,FirstCloset, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Lighting - Overhead
Listing Agent: Kristen Dodge
Listing Office: LAER Realty Partners
MLS® Number: 73574640
