Active
2 Days on market
51 Frederick Street #81 Dracut — Photo 1 of 42

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.

View Standard Listing

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

Original Price$425,000
Annual Taxes$3,705
HOA Fee$307

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms5
Fireplaces1
FlooringWood, Tile, Vinyl, Bamboo
BasementY

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
Foundation--
ZoningR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • Laundromat • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

Third
Family Room
Second
Primary BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchenBathroom 2
Living Room
Lvl First

15 x 14

Closet, Flooring - Wood, Window(s) - Bay/Bow/Box, Cable Hookup

Dining Room
Lvl First

9 x 14

Flooring - Wood, Slider

Kitchen
Lvl First

9 x 9

Bathroom - Half, Flooring - Wood, Dining Area, Deck - Exterior, Slider, Stainless Steel Appliances, Gas Stove

Family Room
Lvl Third

17 x 10

Skylight, Closet, Flooring - Wood

Primary Bedroom
Lvl Second

15 x 13

Skylight, Closet, Flooring - Wood

Bedroom 2
Lvl Second

17 x 12

Bathroom 1
Lvl Second

9 x 6

Bathroom - Full, Bathroom - With Tub & Shower, Closet/Cabinets - Custom Built, Flooring - Wood

Bathroom 2
Lvl First

9 x 5

Bathroom - Half, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Dryer Hookup - Gas, Washer Hookup

Listing Provided By

Listing Agent: Rita Gavelis

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73577885