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5 Grant St Chelmsford — Photo 1 of 41

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.

View Standard Listing

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

Original Price$825,000
Annual Taxes$9,463

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms8
Fireplaces1
FlooringHardwood
BasementFull, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofSlate
FoundationGranite
ZoningRC

Property & Lot

Acres0.52
SqFt Lot22,651
Lot FeaturesLevel

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1
First
Dining RoomFamily RoomBathroom 2
Main,First
Living RoomKitchen
Living Room
Lvl Main,First

18 x 15

Flooring - Hardwood, French Doors, Crown Molding

Dining Room
Lvl First

15 x 13

Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Crown Molding

Kitchen
Lvl Main,First

18 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 First

15 x 10

Ceiling Fan(s), Flooring - Hardwood, French Doors, Exterior Access, Crown Molding

Master Bedroom
Lvl Second

15 x 14

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

15 x 13

Bedroom 3
Lvl Second

14 x 12

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

15 x 12

Ceiling Fan(s), Closet, Flooring - Hardwood

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl First

Bathroom - Half, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Beadboard

Listing Provided By

Listing Agent: Joshua Naughton

Listing Office: RE/MAX Innovative Properties

MLS® Number: 73574828