4-Unit Brick
New
For Sale
$1,499,000
121 Winn Street, Woburn, MA 01801
Separate utilities, gas heat, and basement laundry serve a four-residence property with a varied bedroom mix.
Property Size3,724 SF
Price / SF$402.52
Days on Market5
Property Features for 121 Winn Street
General Information
Standard status
Active
Size
3,724 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Amenities
coin operated laundry
Building Details
Year Built
1957
Construction
brick
Listing Agency:
J. Mulkerin Realty
Listed By:
Joanne Mulkerin · License #135523
(781) 933-7200
Source:
Jmulkerinrealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J. Mulkerin Realty
Investment Insights
Based on property information with market context.
This 3,724-square-foot brick quadplex, built in 1957, contains four apartments: two with two bedrooms and one bathroom each, and two with one bedroom and one bathroom each. The building has separate utilities, gas heat and hot water, hardwood flooring in many rooms, and storage in every unit. A full basement features high ceilings, exterior access, and coin-operated laundry. The roof is 15 years old.
Off-street parking serves all four units. The property sits between Woburn center amenities, public transportation, and major highways.
Off-street parking serves all four units. The property sits between Woburn center amenities, public transportation, and major highways.
Key Highlights
- Four apartments: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- 3,724 square feet; built in 1957
- Brick exterior with separate utilities, gas heat, and gas hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,801
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,576,020
$1.6M
Cap Rate 7%
$1,125,729
$1.1M
Cap Rate 9%
$875,567
$875.6K
Market Conditions
NOI Build-Up for 3,724 SF
Gross rent
$118.4K $31.80/SF
− Vacancy
−$5.9K −$1.57/SF
EGI
$112.6K $30.23/SF
− OpEx
−$33.8K −$9.07/SF
NOI
$78.8K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,576,020
Cap Rate 7%
$1,125,729
Cap Rate 9%
$875,567
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.0K – $1.31M
NOI $78,801 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$1.06M
$926.2K – $1.23M
NOI $74,095 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,322 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
Business Placement
Demographics for 01801, MA
40,891
Population
16,982
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
94%
High-School Grad
12.7 sq mi
ZIP Area
3,220
Density / Sq Mi
$107,754
Median Household Income
$60,637
Median Earnings
$2,190
Median Rent
$641,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate utilities, gas heat, and basement laundry serve a four-residence property with a varied bedroom mix.
Where is this quadplex located?
The property is located at 121 Winn Street Woburn, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 3,724 square feet; built in 1957; Brick exterior with separate utilities, gas heat, and gas hot water
