
15 Friendship St Billerica — Photo 1 of 42
$675,000
Investment Analysis — 15 Friendship St
Billerica, MA 01821
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01821 carries an estimated $3,530/mo in gross rent — about a 3.90% cap rate and $26,346/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,658
Style
Single Family
Built
1945
15FriendshipSt.com - Set on a tranquil, tree-lined lot in Billerica's Nutting Lake neighborhood, this gable-roofed Cape pairs old New England charm with a yard built for entertaining. Beautiful wood siding, shuttered bay windows, & a covered front porch give the home real curb appeal, while a rugged fieldstone chimney rises through the roofline. Inside, 1,658 square feet is arranged across 3 bedrooms & 2 baths, with skylights carried through nearly every room, pouring abundant natural light throughout the home from the kitchen to the primary suite. The main level centers on a living room anchored by a stone fireplace & original knotty-pine paneling, flowing directly into an adjoining office with a built-in desk & a wall of windows overlooking the backyard — a rare work-from-home setup tucked into the home's original footprint. Two bedrooms round out this level, while the eat-in kitchen & adjacent dining room are both lit by their own skylights, with a dedicated laundry room & direct yard access nearby. On the top floor, the primary suite claims the entire level: an oversized retreat with a vaulted, skylit ceiling, ceiling fan, bay window, expansive closet space, & a private en-suite bath with its own skylight. Below, the lower level adds real bonus space — a partially finished area with recessed lighting & dedicated storage rooms, ready to be finished out as a home office, den, or workshop. The real standout is the lot itself. Mature cedars and maples wrap the property in privacy, & out back the grounds unfold into three distinct patio spaces — a gravel lounge patio off the rear addition, a stone fire pit gathering area framed by a freestanding stone fireplace, & a flagstone garden path leading to a stacked-stone planting bed. Two separate side yards give even more room to spread out, & a paved driveway leads to the detached one-car garage, which doubles easily as a workshop. The location is a genuine draw. The home sits moments from Micozzi Beach on Nutting Lake, with swimming, kayak & paddleboard rentals, fishing, & a playground right on the water. The recently renovated Peggy Hannon-Rizza Recreation Complex offers turf & softball fields, tennis & pickleball courts, & a community game plaza, right alongside the Boys & Girls Club of Greater Billerica. Commuters have quick access to Route 3, with connections to I-495 and I-95, & the North Billerica commuter rail station puts Boston within easy reach for those heading into the city, shopping, or dining.
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: 829 sq ft (the lesser of 900 sq ft or half the 1,658 sq ft principal dwelling). Lot size: 13,756 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
Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17 x 16.666666666
Dining Room
Lvl First9.833333333 x 11.333333333
Kitchen
Lvl First9.166666666 x 16.5
Office
Lvl First13.583333333 x 7.583333333
Primary Bedroom
Lvl Second24.416666666 x 16.5
Bedroom 2
Lvl First10.833333333 x 11.833333333
Bedroom 3
Lvl First10.833333333 x 8.5
Listing Agent: Doug Walters
Listing Office: Realty One Group Nest
MLS® Number: 73578897