
5 Grant St Chelmsford — Photo 1 of 41
$825,000
Investment Analysis — 5 Grant St
Chelmsford, MA 01863 — North Chelmsford
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 4-bedroom in 01863 carries an estimated $2,950/mo in gross rent — about a 2.11% cap rate and $17,441/yr in estimated NOI at the $825,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,560
Style
Single Family
Built
1939
Classic Brick Colonial with Character, Space & Location! This impressive and distinctive 4-bedroom is a rare find bringing timeless city charm to the neighborhood with its handsome brick exterior, slate roof, original copper gutters, and steel beam construction plus period details, moldings and hardwood floors throughout. On the first level, you’ll find a spacious eat-in kitchen with island, formal dining room with built-in cabinetry, an inviting living room with a fireplace and a cozy family room providing access to the screen porch. Upstairs, four generously sized bedrooms offer plenty of room for family, guests and home office space. As a bonus, there’s a cedar closet and 2 unfinished rooms that easily convert to more living space on the 3rd floor. The unfinished lower level has heat and is currently used as a rec room. Outside, enjoy a level and fenced half-acre lot with pool, firepit and a charming screened porch overlooking the backyard. The oversized detached 2-car garage is a standout feature, offering plenty of room for vehicles, a workshop, hobbies and additional storage, with generous storage space above for all the extras. Updated kitchen, baths, HVAC, and electrical provide today's modern comforts, while preserving the home's classic character. Conveniently located just a short walk to Freeman Lake and adjacent park facilities, providing wonderful opportunities for swimming at a sandy beach, boating, recreation and enjoying the outdoors. Close proximity to Vinal Square and Route 3 for commuting.
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 2,560 sq ft principal dwelling). Lot size: 22,651 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First18 x 15
Flooring - Hardwood, French Doors, Crown Molding
Dining Room
Lvl First15 x 13
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Crown Molding
Kitchen
Lvl Main,First18 x 15
Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Country Kitchen, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Wainscoting, Washer Hookup
Family Room
Lvl First15 x 10
Ceiling Fan(s), Flooring - Hardwood, French Doors, Exterior Access, Crown Molding
Master Bedroom
Lvl Second15 x 14
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Second15 x 13
Bedroom 3
Lvl Second14 x 12
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 4
Lvl Second15 x 12
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl FirstBathroom - Half, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Beadboard
Listing Agent: Joshua Naughton
Listing Office: RE/MAX Innovative Properties
MLS® Number: 73574828
