INNOVATE
Real Estate
No photos available for this listing

$3,000,000

317 Boston Rd, Billerica MA 01862
Billerica, MA 01862
Listed by J. Murray Regan
Bedrooms
N/A
Bathrooms
N/A
Living area
9,929 sqft
Year built
1910

About this home

A 2 to 2.5-story wood frame, vinyl sided, former nursing home, Victorian-style structure, with a combination of slate and asphalt shingle roof, 100% sprinklered, a full granite/brick walled foundation & concrete slab basement, built circa 1910, renovated over time. The property is a MASH certified 53-bed sober house under the 12-Step Education Program of NE. This investment offers tremendous upside, when stabilized at an 85% occupancy. Rents were increased as of October 2025, to $310/week for singles, $235/week for shared rooms, $1,250/month for singles & $1,000/month for shared rooms, which includes food. To date, the mix has historically been 10% monthly fees and 90% weekly fees. The property is in need of upgrades. A stabilized proforma at a 15% vacancy, may produce a potential NOI of $71,331 that includes a NNN lease payment to the real estate ownership of $250,000 annually.

Property details

MLS #
73469289
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
1.4 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Parker
0.82 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
412
Student:teacher ratio
12.9:1
District
Billerica
Middle
Marshall Middle School
0.29 mi away · Grades 5-7
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
598
Student:teacher ratio
13.0:1
District
Billerica
High
Billerica Memorial High School
0.53 mi away · Grades 8-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,718
Student:teacher ratio
13.7:1
District
Billerica

Mortgage calculator

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Est. monthly payment
$18,216/mo
$600,000 down
$2,400,000 loan
Principal & interest$15,566
Property tax (est.)$2,500
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated January 20, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.