Three-Family Property with
For Sale
$1,049,990
Pending
19 Sturgis St, Woburn, MA 01801
Updated triplex with multiple decks, off-street parking, and convenient access to Horn Pond and downtown amenities.
Property Size3,849 SF
Days on Market50
Property Features for 19 Sturgis St
General Information
Standard status
Pending
Size
3,849 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,699
Amenities
decks
Building Details
Building Size
3,849 SF
Year Built
1940
Buildings
1
Stories
3
Units
3
Listed By:
Russell Hulteen
(617) 901-6004
Source:
Elliman
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 28 at 8:46AM
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 Russell Hulteen
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Investment Insights
Based on property information with market context.
This three-family property, built in 1940, offers a practical multifamily configuration with bright units, front and rear decks, and off-street parking. The southeast-facing orientation and broad southwest exposure bring natural light into the residences, while the third unit includes water views. Front decks feature composite decking, and vinyl railings have been installed at both the front and rear decks.
Recent property improvements include two replaced gas furnaces, a newer rubber roof, and a recently painted exterior. The property is located in the Horn Pond neighborhood, approximately a quarter mile from Horn Pond and the Sturgis Street boat launch. Restaurants, shops, and live music in downtown Woburn Center are also accessible from the property.
Recent property improvements include two replaced gas furnaces, a newer rubber roof, and a recently painted exterior. The property is located in the Horn Pond neighborhood, approximately a quarter mile from Horn Pond and the Sturgis Street boat launch. Restaurants, shops, and live music in downtown Woburn Center are also accessible from the property.
Key Highlights
- Three‑family triplex built in 1940
- Approximately a quarter mile from Horn Pond and the Sturgis Street boat launch
- Water views from unit 3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,446
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,920
$1.6M
Cap Rate 7%
$1,163,514
$1.2M
Cap Rate 9%
$904,956
$905.0K
Market Conditions
NOI Build-Up for 3,849 SF
Gross rent
$122.4K $31.80/SF
− Vacancy
−$6.0K −$1.57/SF
EGI
$116.4K $30.23/SF
− OpEx
−$34.9K −$9.07/SF
NOI
$81.4K $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%
$1,628,920
Cap Rate 7%
$1,163,514
Cap Rate 9%
$904,956
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,446 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$1.09M
$957.3K – $1.28M
NOI $76,582 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,502 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex with multiple decks, off-street parking, and convenient access to Horn Pond and downtown amenities.
Where is this triplex located?
The property is located at 19 Sturgis St Woburn, MA.
What is the asking price?
The asking price for this property is $1,049,990.
What are key features of this property?
This property features: Three‑family triplex built in 1940; Approximately a quarter mile from Horn Pond and the Sturgis Street boat launch; Water views from unit 3
