
12 King Road Phillipston — Photo 1 of 22
$194,900
Investment Analysis — 12 King Road
Phillipston, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 2-bedroom in 01331 carries an estimated $1,500/mo in gross rent — about a 6.06% cap rate and $11,811/yr in estimated NOI at the $194,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
726
Style
Single Family
Built
1938
Rare opportunity to own in the desirable Queen Lake community! Cash buyers here is your opportunity to invest in a sought-after lakeside neighborhood. Enjoy lake living with deeded beach rights about 150 feet from your front door. Whether you love boating, kayaking, swimming, fishing, or simply relaxing by the water, this welcoming neighborhood offers the perfect setting to make lasting memories. Residents gather throughout the year at the private beach, where shared docks provide space for boats and Jet Skis. Two kayaks are included with the sale so you can start enjoying the lake right away. Set on one of the larger lots in the neighborhood (Lots 37 & 38, as shown in the lot lineup photo), this corner property offers lake views and plenty of outdoor space. The deck provides a place to enjoy your morning coffee or unwind at the end of the day while taking in the water views. Keep an eye out for the lake's beloved loons, whose visits are always a highlight for neighbors and nature lovers alike, The dining area is filled with character, featuring a beautiful wood tongue-and-groove ceiling and two skylights. Above the back end of the dining room is a charming 60 x 40 inch micro-loft that provides sleeping space for two. Ideal for overnight guests or a cozy retreat, the Queen Lake community continues to evolve, with many former seasonal cottages thoughtfully renovated into year-round homes, making this an exciting opportunity to invest in a sought-after lakeside neighborhood. The home is heated by propane forced hot air and a wood-burning stove. The property is serviced by a tight tank septic system that will likely require updating. Water is supplied from the lake; plumbing lines are in place, but a new pump is needed. King Road is a private road maintained by residents. This property is being sold "As Is" and presents an excellent opportunity for buyers looking to renovate, rebuild, or create their own lake getaway. Cash Buyers Only
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: 363 sq ft (the lesser of 900 sq ft or half the 726 sq ft principal dwelling). Lot size: 6,534 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstBedroom 2
Lvl FirstBathroom 2
Lvl FirstBathroom 3
Lvl FirstProperty History
$194,900
Jul 28, 2026
MLS® 73555994
$194,900
Jul 20, 2026
MLS® 73490231
$194,900
Mar 23, 2026
MLS® 73490231
$229,900
Nov 20, 2025
MLS® 73378987
$229,900
May 22, 2025
MLS® 73378987
Listing Agent: Maryanne Hardy
Listing Office: Foster-Healey Real Estate
MLS® Number: 73555994
