
403 Middlesex Turnpike Billerica — Photo 1 of 33
$599,900
Investment Analysis — 403 Middlesex Turnpike
Billerica, MA 01821
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01821 carries an estimated $3,530/mo in gross rent — about a 4.31% cap rate and $25,842/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,647
Style
Single Family
Built
1962
The nostalgic 60’s aesthetics are making a major comeback with this three bed, one bath, ranch home that offers great value and endless potential! Newly refinished gleaming white oak hardwood flooring throughout the main living area as well as in all three bedrooms. Freshly painted sunken living room with a cozy fireplace and a step up to the adjoining, freshly painted, dining room with newer built-in air conditioning wall unit. Intimate kitchen space with an eat-in counter area connects to the warm and rustic sun room equipped with an old fashioned comfy wood stove and newly installed carpeting. The sun room overlooks an in-ground pool and has glass sliding doors to a sizable outdoor deck and Webber gas grill. Freshly painted bathroom ceiling and walls with new flooring and 3 bedrooms complete the main living space. Additional finished bonus space in the lower level for an office/playroom or exercise area. New water heater installed in 2024. The perfect opportunity to embrace the 1960’s retro charm and customize, renovate, and make it your own! Bring your ideas and updates to this priced-for-immediate-value home. Accompanying the home, in the rear is a generously sized barn perfect for storage, hobby enthusiasts, and the like. The barn roof needs work, but offers great space for your outdoor needs. Left side of driveway rock wall recently restored. Great level lot and sprawling front lawn, you’ll also find in progress a bike path beyond the rear property buffer which will ultimately connect to the Bedford Minuteman Bike Path (to be completed in late 2028). Conveniently located to nearby dining, shopping and cafe. Commuter-friendly near Route 3, with a local bus stop one door down. Within walking distance to the center of town. Lovingly owned by the same family since 1962 and being offered for the first time–don’t miss your chance to own this special home!
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: 824 sq ft (the lesser of 900 sq ft or half the 1,647 sq ft principal dwelling). Lot size: 25,003 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 • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First14.4 x 15.7
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan, Sunken
Dining Room
Lvl Main10.6 x 10.4
Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Main10.6 x 11.5
Flooring - Vinyl, Recessed Lighting
Family Room
Lvl Main15.1 x 15.4
Wood / Coal / Pellet Stove, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Balcony / Deck, Balcony - Exterior
Master Bedroom
Lvl Main12.2 x 13.1
Closet, Flooring - Hardwood
Bedroom 2
Lvl Main12.2 x 9.5
Bedroom 3
Lvl Main10.6 x 10.7
Closet, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl Main7.6 x 6.9
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Vinyl, Enclosed Shower - Fiberglass
Listing Agent: Donna Bozza
Listing Office: Barrett Sotheby's International Realty
MLS® Number: 73567884
