240 Barre Rd Phillipston — Photo 1 of 3
$340,000
Investment Analysis — 240 Barre 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 4.75% cap rate and $16,148/yr in estimated NOI at the $340,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,600
Style
Single Family
Built
1969
The Brand New 3 bedroom Septic System has been installed at this almost 2 acre (80,000 sq ft) country property. The Private rear porch could easily become a 3rd bedroom ! Conveniently located yet the Property is very Private . The Frank Lloyd Wright Inspired design brings the Outdoors Inside. There are 2 Fieldstone Fireplaces (1 in the Family Room and 1 in the living room) with charming hardwood floors , 2 bedrooms and all on Single Floor Living !. The Roof was replaced in 2018 and the Drilled Well pump replaced in 2021. There is a well maintained Oil fired Forced Hot Air heating system. Detached 1 car garage and very close to the Queen Lake Beach !
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: 800 sq ft (the lesser of 900 sq ft or half the 1,600 sq ft principal dwelling). Lot size: 87,120 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 MLS and other third-party data may be inaccurate or out of date.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
Water Heater • Range • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl FirstProperty History
$340,000
Mar 28, 2026
MLS® 73493179
$340,000
Feb 27, 2026
MLS® 73467635
$340,000
Jan 12, 2026
MLS® 73467635
$340,000
Dec 31, 2025
MLS® 73428108
$340,000
Sep 9, 2025
MLS® 73428108
$335,000
May 30, 2025
MLS® 73242512
$335,000
May 25, 2024
MLS® 73242512
Listing Agent: John Colby
Listing Office: Colby Realty
MLS® Number: 73493179
