Stoneham Two-Family Home
40 Wright Street Stoneham, MA 02180
40 Wright Street, Stoneham, MA, 02180
$829,000
Pending
For Sale
$829,000
Pending
MULTI_FAMILY - Stoneham, MA
Property Size2,023 SF
Lot Size0.12 Acres
Days on Market55
Property Features for 40 Wright Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
- Parking
- 3
- Standard status
- Pending
- APN
- 772058
- Size
- 2,023 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8170
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
Listing Agency
Keller Williams Realty Signature Properties
(781) 924-5766
171 Washington Street, Hanover, MA
Listed by
Al Styles
(781) 924-5766
Added: May 28 Updated: Jul 15 at 1:28 pm Checked: Jul 21 at 2:06 am
MLS# 73526243
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Stoneham, Massachusetts, this two-family home at 40 Wright St offers an opportunity for multi-generational living or investment. Constructed in 1880 and renovated in 2000, the property provides 2023 square feet of living space. The first-floor unit features an open-plan kitchen integrated with the living area and two bedrooms. The upper unit includes three bedrooms. The property, zoned RB, is located minutes from downtown Stoneham, the commuter rail, and routes 93 and 95. Situated on a 0.1152-acre lot, this property offers potential for investors, developers, or owner-occupants.
Key Highlights
- Two‑family home built in 1880 with 2023 SF of living space
- Renovated in 2000 and ready for immediate occupancy
- First‑floor unit features an open‑plan kitchen with living area plus 2 bedrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.3k | $31.80 |
| − Vacancy | −$3.2k | −$1.57 |
| EGI | $61.2k | $30.23 |
| − OpEx | −$18.3k | −$9.07 |
| NOI | $42.8k | $21.16 |
2,023 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.5K
$535.1K – $713.5K
NOI $42,807 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$575.0K
$503.1K – $670.9K
NOI $40,251 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,833 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious two-family home in Stoneham with investment potential.
Where is this duplex located?
The property is located at 40 Wright Street Stoneham, MA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two‑family home built in 1880 with 2023 SF of living space; Renovated in 2000 and ready for immediate occupancy; First‑floor unit features an open‑plan kitchen with living area plus 2 bedrooms
