170 Queen Lake Rd Phillipston — Photo 1 of 42
Recent Drop: $10,000
$499,900
Investment Analysis — 170 Queen Lake Rd
Phillipston, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01331 carries an estimated $2,090/mo in gross rent — about a 2.72% cap rate and $13,591/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,814
Style
Single Family
Built
1997
Come see this beautiful 3 bed, 2.5 bath cape sitting on over 3 private acres within minutes of Queen Lake! The 1st-floor features an open concept layout with a large eat-in kitchen, peninsula with seating, formal dining room, living room with pellet stove and a 1/2 bathroom with laundry. Upstairs you'll find the main bedroom with its own walk-in closet and full bathroom. 2 more bedrooms and a 2nd full bathroom wrap up the 2nd-floor layout. The 1st-floor mini-split provides supplemental heat and air conditioning to keep you comfortable all year long. The full basement provides plenty of space for storage or future expansion. The attached 2-car garage and large storage shed add to the convenience of the home. The classic farmer's porch in the front and deck in the back provide great spaces to enjoy the peace and quiet of this private lot. A gorgeous, manicured lawn is the cherry on top! Come see this home today!
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 1,814 sq ft principal dwelling). Lot size: 136,192 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondProperty History
$499,900
Was $509,900
Sep 1, 2026
MLS® 73563257
$509,900
Aug 13, 2026
MLS® 73563257
Listing Agent: Benjamin Hause
Listing Office: Keller Williams Realty North Central
MLS® Number: 73563257
