317 Boston Rd, Billerica, MA 01862
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$3,000,000
Type: Commercial
Lease Type N/A
9929 Bldg. SQFT
N/A Restrooms
Parking: N/A

Property Description

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 tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73469289

Building Information

  • Total SQFT: 9929

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/20/2026Active$3,000,000$302MLSPIN
01/16/2026New$3,000,000$302MLSPIN

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Seller's Representative: J. Murray Regan, JMR Commercial RE Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-01-20 03:05:00