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    846 Main St Woburn, MA 01801

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    For Sale
    $1,395,000

    Four-unit multifamily property with value-add potential and recent renovations.

    Lot size:
    0.35 Acres

    Property Features for 846 Main St

    General Information

    Lot size
    0.35 Acres

    Building Details

    Year built
    1900

    Source: Kiklis Real Estate, LLC Agent Mark Kiklis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Woburn Multifamily Investment Opportunity

    This multifamily property features four dwelling units and presents a core-plus investment opportunity. The property includes on-site laundry and ample parking. The first floor contains one 1-bedroom unit and one 2-bedroom unit, along with a small, private flex space that includes its own bathroom. The second floor mirrors this layout, also offering one 1-bedroom unit and one 2-bedroom unit. Each dwelling unit has separate electric, heating, and central cooling systems. A full basement houses a coin-operated laundry room. The property was gutted to the studs and renovated in 1999. Recent upgrades include four new heating systems installed between 2022 and 2023, along with central cooling condensers and water heaters. The roof was replaced in 2024. Note that while legally classified as a 3-family, the property contains 4 dwelling units. The property has a 5.43% cap rate and below market rents, offering a value-add investment opportunity requiring little capital expenditure.
    Location Intelligence

    Current Use by Public Records

    AP Gibson Tech ... Computer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Woburn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1598666
    Latitude
    42.5038227

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit multifamily property with value-add potential and recent renovations.
    Where is this multifamily property located?
    The property is located at 846 Main St Woburn, MA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - 5.43% Cap Rate: Attractive return on investment.; - Value-Add Opportunity: Below-market rents offer income potential.; - Recent Renovations: Gutted to the studs in 1999 with new roof (2024) and 4 new heating systems (2022-2023), central cooling condensers & water heaters.
    (781) 933-2500
    Request Owner's contact information
    846 Main St Woburn, MA 01801
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    Woburn, MA 01801
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    Realmo Value Estimation

    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.

    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.

    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
    846 Main St Woburn, MA 01801
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