17 Elise Ave Dracut — Photo 1 of 30
$629,900
Investment Analysis — 17 Elise Ave
Dracut, MA 01826
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01826 carries an estimated $2,790/mo in gross rent — about a 3.21% cap rate and $20,248/yr in estimated NOI at the $629,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,900
Style
Single Family
Built
1955
Imagine living in this charming home nestled on a quiet side street, complete with a manicured lawn and fully fenced yard. The highly flexible floor plan is built for entertaining, featuring a seamless flow from the front door to the backyard through a bright, welcoming living room, open kitchen, and dedicated dining room. The main level also offers convenient single-level living with a primary bedroom and full bath. Upstairs, you will find two additional bedrooms and a second full bathroom. For more space, the finished basement is ready to become your dream home gym, media room, or music studio. Key mechanical updates include a new 200-amp electrical panel, individual mini-split units in every room for efficient heating and cooling, a newer roof, modern vinyl windows, and a backup radiator heating system. Enjoy ultimate everyday convenience with Market Basket right next door, plus easy access to historic downtown Lowell and tax-free shopping in New Hampshire.
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 1,900 sq ft principal dwelling). Lot size: 8,025 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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Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
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Shopping • Public School
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Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondListing Agent: Steve Binder
Listing Office: Binder Residential
MLS® Number: 73578518
