178 N Main St Templeton — Photo 1 of 25
$199,000
Investment Analysis — 178 N Main St
Templeton, MA 01438 — East Templeton
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01438 carries an estimated $2,400/mo in gross rent — about a 9.39% cap rate and $18,695/yr in estimated NOI at the $199,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,040
Style
Single Family
Built
1971
Here’s your chance to roll up your sleeves and bring this Templeton ranch back to life! Set on a quarter-acre lot, this 3-bedroom, 1-bath home offers a great opportunity for someone looking to build sweat equity and create a home that truly fits their vision. The layout provides a solid starting point, with three bedrooms, a full bath, and comfortable living space ready for some fresh ideas and updating. Yes, this one needs work—but that’s where the opportunity comes in! Bring your imagination, your toolbox, and some TLC, and you can transform this diamond in the rough into something special. Whether you're looking for a project, an investment, or a chance to create your own home at an attractive price point, this property is worth a look. The quarter-acre lot gives you room to enjoy the outdoors and make the property your own. The huge carport can be used for so much more than keeping your cars dry in the rain. With the right vision and some elbow grease, there’s plenty of potential here. Come take a look and start imagining what it could become!
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: 520 sq ft (the lesser of 900 sq ft or half the 1,040 sq ft principal dwelling). Lot size: 10,890 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
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Parking
Interior Specifications
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Amenities & Appliances
Electric Water Heater
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf
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Listing Agent: Kelly Brown
Listing Office: ERA Key Realty Services - Worcester
MLS® Number: 73581871