Two-Family Duplex on Oversized
For Sale
$1,099,000
22 Franklin St, Woburn, MA 01801
Two two-bedroom units provide separate residential spaces with off-street parking.
Property Size2,223 SF
Lot Size0.41 Acres
Price / SF$494.38
Days on Market158
Property Features for 22 Franklin St
General Information
Standard status
Active
Size
2,223 SF
Total Parking Spaces
8
Lot size
0.41 Acres
Property subtype
Multi-Family
Zoning
R-2
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Building Details
Building Size
2,223 SF
Year Built
1880
Buildings
1
Stories
3
Listing Agency:
Leading Edge Real Estate
Listed By:
Annette Gregorio
(617) 548-3180
Source:
Hometown-team
Added: May 12
Changed: Oct 14
Last Checked: Oct 11 at 9:53AM
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 Leading Edge Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each with two bedrooms, within a 2,223-square-foot two-family home. The property was built in 1880 and has been maintained by the same owners for many years. An oversized lot and off-street parking for 8+ vehicles add practical capacity for residents and visitors.
The parcel measures nearly 18,000 sq. ft. and is zoned R-2. The property is in Woburn near downtown retail and dining, with access to commuter routes. Its two-unit configuration supports separate household living, while the lot size and zoning may offer additional possibilities subject to City of Woburn approvals.
The parcel measures nearly 18,000 sq. ft. and is zoned R-2. The property is in Woburn near downtown retail and dining, with access to commuter routes. Its two-unit configuration supports separate household living, while the lot size and zoning may offer additional possibilities subject to City of Woburn approvals.
Key Highlights
- Two‑unit duplex with 2 bedrooms in each unit
- 2,223‑square‑foot two‑family home built in 1880
- Nearly 18,000 sq. ft. lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,039
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,780
$940.8K
Cap Rate 7%
$671,986
$672.0K
Cap Rate 9%
$522,656
$522.7K
Market Conditions
NOI Build-Up for 2,223 SF
Gross rent
$70.7K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$67.2K $30.23/SF
− OpEx
−$20.2K −$9.07/SF
NOI
$47.0K $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%
$940,780
Cap Rate 7%
$671,986
Cap Rate 9%
$522,656
Alternative Uses
Best Use
Multifamily LT 5
$672.0K
$588.0K – $784.0K
NOI $47,039 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$631.9K
$552.9K – $737.2K
NOI $44,230 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,121 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
968
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units provide separate residential spaces with off-street parking.
Where is this duplex located?
The property is located at 22 Franklin St Woburn, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms in each unit; 2,223‑square‑foot two‑family home built in 1880; Nearly 18,000 sq. ft. lot
