119 School Street Woburn — Photo 1 of 33
$589,900
Investment Analysis — 119 School Street
Woburn, MA 01801
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01801 carries an estimated $3,780/mo in gross rent — about a 5.05% cap rate and $29,803/yr in estimated NOI at the $589,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
924
Style
Single Family
Built
1955
A lovingly cared-for home with great updates, comfortable living spaces, and a convenient location—ready for its next owner! Welcome home to this meticulously maintained three-bedroom ranch in a great location! This charming home offers easy one-level living, beautiful hardwood floors, and a wonderful outdoor space featuring a deck and screened-in porch—perfect for relaxing, entertaining, and enjoying the seasons. Numerous updates provide peace of mind, including a roof approximately 15 years old, furnace installed in 2019, new oil tank in 2022, central air conditioning installed in 2021, and vinyl windows installed in 2014. Conveniently located near major highways, making commuting a breeze. As an added bonus, the snow blower and TV will remain as gifts to the buyer.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 462 sq ft (the lesser of 900 sq ft or half the 924 sq ft principal dwelling). Lot size: 10,454 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Lynne Marshall
Listing Office: ERA Key Realty Services
MLS® Number: 73577777