
51 Frederick Street #81 Dracut — Photo 1 of 42
$425,000
Investment Analysis — 51 Frederick Street #81
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 3.26% cap rate and $13,861/yr in estimated NOI at the $425,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,280
Style
Condominium
Built
1982
Welcome to Oak Knoll! Enter this much desired end-unit condo and immediately appreciate the extra privacy and natural light. On the main level, sunlight streams through the bay window and across the living area, where a fireplace forms a warm, natural focal point. The layout flows easily into the eat-in kitchen, featuring wood cabinetry, stainless-steel appliances, and a gas range. Continue toward the side slider, which opens to a private deck overlooking the trees and creating a peaceful extension of the interior. A half bath with in-unit laundry completes this floor. Upstairs, the wood flooring carries into two bedrooms, including one with sliding-door access to a separate balcony offering another leafy outlook. The full bathroom includes a tub-and-shower combination and custom built-in cabinetry for convenient storage. Continue to the loft, where a skylight brings in additional daylight and enhances this flexible area for an office, bonus space, studio, or reading retreat. The unit includes a one bay garage with ample storage and a nook for crafting or additional storage. Upgraded bright, high-output garage lighting improves visibility for parking, projects, and organization. The complex’s in-ground swimming pool and tennis courts, in addition to a local running track and pickle ball courts, offer appealing options for recreation close to home. With three thoughtfully defined levels and two distinct outdoor spaces, this 2-bedroom, 1.5-bath home blends privacy, versatility, and everyday convenience. Come and see it today! First open house Saturday, Sept 19 from 2:00pm-3:00pm.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Laundromat • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First15 x 14
Closet, Flooring - Wood, Window(s) - Bay/Bow/Box, Cable Hookup
Dining Room
Lvl First9 x 14
Flooring - Wood, Slider
Kitchen
Lvl First9 x 9
Bathroom - Half, Flooring - Wood, Dining Area, Deck - Exterior, Slider, Stainless Steel Appliances, Gas Stove
Family Room
Lvl Third17 x 10
Skylight, Closet, Flooring - Wood
Primary Bedroom
Lvl Second15 x 13
Skylight, Closet, Flooring - Wood
Bedroom 2
Lvl Second17 x 12
Bathroom 1
Lvl Second9 x 6
Bathroom - Full, Bathroom - With Tub & Shower, Closet/Cabinets - Custom Built, Flooring - Wood
Bathroom 2
Lvl First9 x 5
Bathroom - Half, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Dryer Hookup - Gas, Washer Hookup
Listing Agent: Rita Gavelis
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73577885