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8 Days on market
15 Friendship St Billerica — Photo 1 of 42

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$675,000
Annual Taxes$5,848

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms5
Fireplaces1
Flooring--
BasementPartially Finished, Bulkhead, Concrete

Climate & Utilities

HeatingForced Air, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone, Brick/Mortar
Zoning1

Property & Lot

Acres0.32
SqFt Lot13,756
Lot FeaturesWooded, Level

Amenities & Appliances

Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary Bedroom
First
Living RoomDining RoomKitchenOfficeBedroom 2Bedroom 3
Living Room
Lvl First

17 x 16.666666666

Dining Room
Lvl First

9.833333333 x 11.333333333

Kitchen
Lvl First

9.166666666 x 16.5

Office
Lvl First

13.583333333 x 7.583333333

Primary Bedroom
Lvl Second

24.416666666 x 16.5

Bedroom 2
Lvl First

10.833333333 x 11.833333333

Bedroom 3
Lvl First

10.833333333 x 8.5

Listing Provided By

Listing Agent: Doug Walters

Listing Office: Realty One Group Nest

MLS® Number: 73578897