55 Island Rd Winchendon — Photo 1 of 5
$1,500,000
Investment Analysis — 55 Island Rd
Winchendon, MA 01475
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01475 carries an estimated $2,220/mo in gross rent — about a 0.97% cap rate and $14,531/yr in estimated NOI at the $1,500,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,496
Style
Single Family
Built
1960
Enjoy waterfront living with an amazing view on Lake Monomonac. This home features a brand new second floor and a great sense of privacy.Updates completed in 2020/2021 include a metal roof, a galvanized steel oil tank, furnace, on-demand hot water heater, and whole-house re-insulation and boarded.Step outside to a large Trex deck overlooking the water, perfect for morning coffee or relaxing evenings. Inside, the master suite includes a 13 x 10 master closet and a private master bath with a shower room and a tub behind glass. A boat is included, so you can get out on the lake right away. Closing is planned for the end of March or early April, giving you time to manage your move, with the first open house set for October.
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 2,496 sq ft principal dwelling). Lot size: 18,687 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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Water Treatment • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer
Geography
Listing Agent: Dave White
Listing Office: OwnerEntry.com
MLS® Number: 73578502
