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.
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Last Checked: July 25th, 2026 at 8:13am (Source: MLS PIN #73469289)
General Information for 317 Boston Rd, Billerica MA 01862
Listing ID73469289
Property TypeCommercial Sale / Commercial
Price$3,000,000
Style
CityBillerica
CountyMiddlesex
MLS AreaNorth Billerica
Neighborhood(s)
ZoningGB
Year Built1910
Disclosures for 317 Boston Rd, Billerica MA 01862
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsNo
Compensation Based On
Contact Information for 317 Boston Rd, Billerica MA 01862