51 Spring Street Lunenburg — Photo 1 of 42
Recent Drop: $71,000
$849,000
Investment Analysis — 51 Spring Street
Lunenburg, MA 01462
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01462 carries an estimated $3,370/mo in gross rent — about a 2.37% cap rate and $20,148/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,508
Style
Single Family
Built
1945
This stunning WATERFRONT property sits on LAKE SHIRLEY (no-wake area) offering 354 acres of recreation right at your doorstep. With amazing exterior features such as a deck w/unobstructed views of the lake, a private boat dock & your very own cabana, this property delivers! Updates include owned solar panels w/net metering, new roof (2025), propane heating system (2025), five mini splits for A/C (2018) & more! First level consists of a convenient mudroom, a full tiled bath, a bright kitchen w/granite counter tops, dining room w/custom built-in seating, a bedroom w/walk-in closet, a cozy sitting room w/fireplace & a spacious living room w/an abundance of windows to take in the fantastic view, plus access to the deck. The second level has an amazing primary suite w/dual walk-in closets, cathedral ceiling & flex space leading to a private balcony. As well as the 3rd bedroom, nursery/office, laundry room & full bath. This property offers an impressive lifestyle just in time for summer fun!
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 2,508 sq ft principal dwelling). Lot size: 10,890 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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Property Details
Financials
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Water Treatment
Neighborhood
Public Transportation • Park • Laundromat • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First12 x 21
Flooring - Stone/Ceramic Tile, Window(s) - Picture, French Doors, Deck - Exterior, Exterior Access
Dining Room
Lvl First9 x 11
Closet/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl First11 x 14
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting, Stainless Steel Appliances
Master Bedroom
Lvl Second26 x 21
Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Walk-In Closet(s), Flooring - Hardwood, French Doors
Bedroom 2
Lvl Second15 x 8
Bedroom 3
Lvl First20 x 11
Walk-In Closet(s), Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First5 x 10
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting
Bathroom 2
Lvl Second11 x 9
Bathroom - Full, Bathroom - Tiled With Tub, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting
Property History
$849,000
Was $864,000
Sep 11, 2026
MLS® 73501935
$864,000
Was $879,000
Aug 21, 2026
MLS® 73501935
$879,000
Was $899,000
Jun 27, 2026
MLS® 73501935
$899,000
Was $920,000
May 13, 2026
MLS® 73501935
$920,000
Apr 15, 2026
MLS® 73501935
Listing Agent: Christine Lorenzen
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73501935
