Active
37 Days on market
12 King Road Phillipston — Photo 1 of 22

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.

View Standard Listing

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

Original Price$194,900
Annual Taxes$1,869

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

HeatingForced Air, Propane, Wood
CoolingNone
WaterOther
SewerHolding Tank

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationOther
ZoningRC

Property & Lot

Acres0.15
SqFt Lot6,534
Lot FeaturesCorner Lot

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

First
Dining RoomKitchenFamily RoomBedroom 2Bathroom 2Bathroom 3
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Bedroom 2
Lvl First
Bathroom 2
Lvl First
Bathroom 3
Lvl First

Property History

Listed
$194,900

Jul 28, 2026

MLS® 73555994

Expired
$194,900

Jul 20, 2026

MLS® 73490231

Listed
$194,900

Mar 23, 2026

MLS® 73490231

Expired
$229,900

Nov 20, 2025

MLS® 73378987

Listed
$229,900

May 22, 2025

MLS® 73378987

Listing Provided By

Listing Agent: Maryanne Hardy

Listing Office: Foster-Healey Real Estate

MLS® Number: 73555994