979 Chestnut St Athol — Photo 1 of 8
$82,000
Investment Analysis — 979 Chestnut St
Athol, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a home in 01331 carries an estimated $1,070/mo in gross rent — about a 10.80% cap rate and $8,856/yr in estimated NOI at the $82,000 list price. Adjust every assumption in the calculator below.
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A beautiful 6.2-acre property with many possibilities, including the potential to divide the parcel into two or three lots, subject to town approvals. The seller is currently opening up the road, providing improved access to the property. The land offers a charming New England setting, established fruit trees, and natural character throughout. A meandering brook winds through the property and leads to an antique stone dam, where a small waterfall adds a peaceful, picturesque touch. Existing stone walls along portions of the boundaries further enhance the property's timeless New England appeal. Conveniently located close to public schools, grocery stores, shopping, golf, restaurants, movies, and Route 2, this property offers both privacy and accessibility. With road access being improved, fruit trees already planted, and potential for subdivision, an exciting opportunity for a private estate, family compound, or future development.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
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Shopping • Park • Walk/Jog Trails • Highway Access • Public School
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Listing Agent: Peng Huo
Listing Office: REMAX Executive Realty
MLS® Number: 73563600
