Two-Family Residential Income
16 Felton Street Woburn, MA 01801
16 Felton Street, Woburn, MA, 01801
$1,250,000
Pending
For Sale
$1,250,000
Pending
Two-family duplex for sale with an additional living area, positioned for rental income in Woburn.
Property Size3,584 SF
Days on Market147
Property Features for 16 Felton Street
General Information
- Standard status
- Pending
- Size
- 3,584 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1920
Listing agency
eXp Realty
(888) 854-7493
Listed by
Viva Real Estate Team
(888) 854-7493
Source
Compass
Added: Feb 25 Updated: Jul 22 at 8:37AM Checked: Jul 22 at 8:37AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This for-sale duplex is configured as a two-family residential income property with versatile living space and an additional bonus living area. The layout supports separate occupancy within the building while providing extra flexibility for how the space can be used.
The property is located at 16 Felton Street in Woburn, MA, with commuter access to I-93 and Route 128 and close proximity to Boston and Cambridge, where steady regional demand is supported by the area’s tech, medical, and biotech sectors.
With approximately 3,584 square feet of total property size, this is a straightforward acquisition for buyers seeking a multi-unit setup in a Greater Boston rental market.
The property is located at 16 Felton Street in Woburn, MA, with commuter access to I-93 and Route 128 and close proximity to Boston and Cambridge, where steady regional demand is supported by the area’s tech, medical, and biotech sectors.
With approximately 3,584 square feet of total property size, this is a straightforward acquisition for buyers seeking a multi-unit setup in a Greater Boston rental market.
Key Highlights
- Two‑family duplex in Woburn with an additional living area for extra flexibility
- 3 total bathrooms and 2 fireplaces
- Full, partially finished basement with garage access
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 | $114.0k | $31.80 |
| − Vacancy | −$5.6k | −$1.57 |
| EGI | $108.3k | $30.23 |
| − OpEx | −$32.5k | −$9.07 |
| NOI | $75.8k | $21.16 |
3,584 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$948.0K – $1.26M
NOI $75,839 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$1.02M
$891.4K – $1.19M
NOI $71,310 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,520 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family duplex for sale with an additional living area, positioned for rental income in Woburn.
Where is this duplex located?
The property is located at 16 Felton Street Woburn, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑family duplex in Woburn with an additional living area for extra flexibility; 3 total bathrooms and 2 fireplaces; Full, partially finished basement with garage access
