407 South Road Templeton — Photo 1 of 34
Recent Drop: $54,900
$575,000
Investment Analysis — 407 South Road
Templeton, MA 01468
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01468 carries an estimated $2,480/mo in gross rent — about a 3.17% cap rate and $18,222/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,544
Style
Single Family
Built
1986
OPEN HOUSE - SAT 9/12 - 3PM TO 4PM!! NEW PRICE!! OVERSIZED RANCH ON 18.4 ACRES! Located in very rural part of town, this FULLY RENOVATED home has THREE BEDROOMS and 2.5 BATHS between the main floor and the fully finished lower level with walk-out entrance. The main level is an expansive open concept with gleaming hardwood flooring facing a custom Kitchen with new stainless-steel appliances and custom granite countertops and cabinetry. Downstairs has three finished rooms that could give you the possibility of a FOURTH BEDROOM or office in addition to the large family room. The exterior has a new roof, siding, and front and back decks overlooking a freshly installed hydro-seeded lawn, planted shrubs and a freshly asphalted driveway. Lot of possibilities for farming, horse property, or adding additional buildings depending on your needs makes this a unique property!
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 2,544 sq ft principal dwelling). Lot size: 801,504 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.
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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Walk/Jog Trails • Conservation Area • Highway Access
Geography
Property History
$575,000
Was $599,000
Sep 8, 2026
MLS® 73554500
$599,000
Was $599,900
Aug 29, 2026
MLS® 73554500
$599,900
Was $615,000
Aug 25, 2026
MLS® 73554500
$615,000
Was $629,500
Aug 20, 2026
MLS® 73554500
$629,500
Was $629,900
Aug 8, 2026
MLS® 73554500
$629,900
Jul 24, 2026
MLS® 73554500
$579,900
May 8, 2025
MLS® 73363964
$589,900
May 8, 2025
MLS® 73364652
$579,900
Apr 24, 2025
MLS® 73363964
$589,900
Apr 24, 2025
MLS® 73364652
Listing Agent: Timothy S. Damon
Listing Office: Mercury Real Estate
MLS® Number: 73554500
