
57 Richardson Ave Dracut — Photo 1 of 24
$409,900
Investment Analysis — 57 Richardson Ave
Dracut, MA 01826
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01826 carries an estimated $2,330/mo in gross rent — about a 4.36% cap rate and $17,891/yr in estimated NOI at the $409,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,013
Style
Single Family
Built
1945
Rarely does a home with this much heart and history reach the market. Lovingly maintained by the same owners for 42 years, this single-level residence began its story as a seasonal cottage at Long Pond and has since evolved into a year-round retreat filled with character. The updated kitchen is a standout, featuring warm cherry cabinetry, ample pantry storage, and durable Corian countertops. A gas stove awaits the home chef, while the built-in banquette seating—complete with integrated storage—is tucked into a sunny corner surrounded by windows. Two overhead skylights flood the space with natural light, making it a bright and inviting spot for morning coffee. The primary bedroom offers a peaceful escape, accented by a decorative fireplace and unique decorative leaded glass windows that swing open to invite in fresh air and circulation. This retreat also provides direct access to the yard. An additional bedrooms provides exceptional storage with double closets. Nearby, the 3/4 bathroom has also been tastefully updated. In the main living area, cathedral ceilings and two additional skylights create an airy, open feel. A classic brick feature wall anchors the room, offering the potential for a future wood or pellet stove installation. Transitioning from indoor to outdoor living is seamless via the slider, which leads to a dedicated BBQ deck. For larger gatherings, the mudroom and laundry area opens onto an expansive deck. This outdoor space is perfectly positioned to capture the cool morning sun and the warm afternoon sun, which beautifully heats the entire room. The exterior of the home is as thoughtful as the interior. A durable metal roof provides long-term protection, while a natural gas generator offers total peace of mind. The grounds are a true highlight, featuring a convenient storage shed and lush perennial gardens that wrap the home in seasonal color. Ideal for a 1st time buyer, downsizer, lake enthusiast or romantic get away spot! This is a unique opportunity to own a piece of Long Pond’s history, reimagined for modern living.
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: 507 sq ft (the lesser of 900 sq ft or half the 1,013 sq ft principal dwelling). Lot size: 4,800 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
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl nullSkylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, Deck - Exterior, Slider
Kitchen
Lvl nullSkylight, Flooring - Hardwood, Dining Area, Recessed Lighting
Primary Bedroom
Lvl nullCeiling Fan(s), Flooring - Wall to Wall Carpet, Exterior Access, Lighting - Sconce, Closet - Double
Bathroom 1
Lvl nullBathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Pamela Downs
Listing Office: Compass
MLS® Number: 73581994