Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Woburn Multifamily Investment Opportunity Title is generated by Realmo AI

    66-70 Park St, Woburn, MA 01801

    View on Map
    Claim this Listing
    Pending
    $750,000

    MULTI_FAMILY - Woburn, MA

    Property size:
    9,999 SF
    Lot size:
    0.21 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 66-70 Park St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-2
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 2
    Parking
    4
    Standard status
    Pending
    Size
    9,999 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5728

    Building Details

    Year built
    1900
    Number of units
    3

    We can help!

    Listing Contact
    John Veneziano
    John Veneziano

    Listing agent John Veneziano

    Listing office REMAX Andrew Realty Services 9 Main St., Medford, MA

    Listing date Apr 20, 2026

    MLS# 73504265 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.

    HighLights

    • Two Homes on One Lot: Includes a single‑family home and a duplex.
    • Investment/Renovation Opportunity: Ideal for investors, contractors, or flippers.
    • Large Single‑Family Home: Features 6 rooms and 2‑3 bedrooms.
    • Duplex: Contains two mirror‑image units.
    • Multiple Bedrooms and Bathrooms: The property contains 6 bedrooms and 4 bathrooms.
    • Year Built: The property was built in 1900.

    Overview

    This unique property in Woburn, MA, presents an opportunity for investors, contractors, and flippers. The parcel includes two homes on a single lot. The first property is a single-family home featuring six rooms and two or three bedrooms. The second property is a duplex with two mirror-image units situated side by side. A dilapidated garage is present on the property and requires removal. The lot size is 0.21 acres. The zoning is R-2. The single-family home can be shown initially, with arrangements made for viewing the duplex upon request. This property offers potential for various development ideas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woburn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.15377
    Latitude
    42.482315

    Nearby Similar for Sale

    • $1,099,000
      3,204 SF

      3-Unit Residential Income Property

      Well-maintained three-family in Woburn with separate utilities and ample off-street parking on a spacious lot.
      253 Lexington St, Woburn, MA 01801
      View Details
    • $1,000,000
      2,720 SF

      North Woburn Duplex Investment Opportunity

      Desirable Woburn duplex, renovated unit, convenient location, income potential.
      54 Winter Street, Woburn, MA 01801
      View Details
    • $7,500,000
      53,319 SF

      Woburn Food Processing Facility

      USDA/FDA certified food processing and distribution facility on 4.05 acres.
      16 Conn St, Woburn, MA 01801
      View Details
    • $775,000
      1,906 SF

      Renovated Two-Family Property on Large Lot

      Two-family property with recent renovations, ideal for investors or owner-occupants.
      83 Merrimac Street, Woburn, MA 01801
      View Details
    • Contact for pricing
      2,980 SF

      Woburn Industrial Building with Drive-Ins

      Freestanding 2,980 SF industrial building with excellent highway access.
      5 Hancock St, Woburn, MA 01801
      View Details
    • $599,900
      2,232 SF

      Second Floor Office Unit

      2,232 sq ft office unit for sale.
      19 Sixth Rd C, Woburn, MA 01801
      View Details
    • $750,000

      Two Homes on One Lot

      Two homes on one lot needing refreshing and updates.
      66-70 Park St, Woburn, MA 01801
      View Details
    • Contact for pricing
      53,319 SF

      Woburn Food Processing Facility

      53,319 SF food processing and distribution facility on 4.05 acres.
      16 Conn St, Woburn, MA 01801
      View Details
    • $729,999

      Woburn Multi-Family Investment Opportunity

      Three-unit property in Woburn with investment and owner-occupancy potential.
      3 Kearsarge Ave, Woburn, MA 01801
      View Details
    • $1,549,000
      3,782 SF

      Former Bank Branch Office Building

      Two-story commercial building suitable for owner-user or investment.
      573 Main St, Woburn, MA
      View Details
    • $1,099,000

      Woburn Multifamily Investment Opportunity

      Well-maintained Woburn 3-family near Winchester/Lexington line.
      253 Lexington St, Woburn, MA 01801
      View Details
    • Contact for pricing
      20,000 SF

      Woburn Warehouse For Sale

      20,000 SF warehouse available for sale in Woburn, MA.
      12 Walnut Hill Park, Woburn, MA
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two homes on one lot, ideal for investors/contractors.
    Where is this multifamily property located?
    The property is located at 66-70 Park St Woburn, MA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Two Homes on One Lot: Includes a single‑family home and a duplex.; Investment/Renovation Opportunity: Ideal for investors, contractors, or flippers.; Large Single‑Family Home: Features 6 rooms and 2‑3 bedrooms.
    (781) 395-7676
    We can help!
    Listing Contact
    John Veneziano
    John Veneziano
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    66-70 Park St, Woburn, MA 01801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!