Oversized Two-Family
28 Washington Street Stoneham, MA 02180
For Sale
$1,069,000
Two-family duplex with updated first-floor finishes, in-unit laundry on the second floor, and off-street parking.
Property Size2,970 SF
Price / SF$359.93
Days on Market87
Property Features for 28 Washington Street
General Information
- Standard status
- Active
- Size
- 2,970 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Massachusetts Bay Realty Advisors,LLC
Listed By:
Adam Cutter
(781) 635-9022
Source:
Lindorealtygroup
Added: Apr 28
Changed: Jul 22
Last Checked: Jul 23 at 8:23AM
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 Massachusetts Bay Realty Advisors,LLC
Investment Insights
Based on property information with market context.
This oversized two-family duplex offers a total of six bedrooms and 2.5 bathrooms across two separate units. The first-floor unit is vacant and move-in ready, with updated cabinets, quartz countertops, and stainless steel appliances, along with 1.5 baths and newer washer/dryer, refrigerator, and dishwasher. The second-floor unit features three bedrooms, two bathrooms, and in-unit laundry. Utilities are separately metered, and the property includes newer water heaters and abundant off-street parking.
The property is located near downtown Stoneham and is described as convenient to schools, restaurants, parks, public transportation, the Tri-Community Greenway, and I-93.
The current tenant is scheduled to move out by 8/1/26, with both units to be delivered fully vacant. The layout and configuration support owner-occupancy, rental income use, or condo conversion considerations.
The property is located near downtown Stoneham and is described as convenient to schools, restaurants, parks, public transportation, the Tri-Community Greenway, and I-93.
The current tenant is scheduled to move out by 8/1/26, with both units to be delivered fully vacant. The layout and configuration support owner-occupancy, rental income use, or condo conversion considerations.
Key Highlights
- Oversized two‑family in Stoneham with ~2,970 sq ft and 6 bedrooms total
- First‑floor unit is vacant and move‑in ready with updated cabinets, quartz countertops, and stainless steel appliances
- First‑floor unit includes 1.5 baths with newer washer/dryer, refrigerator, and dishwasher
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 | $94.4k | $31.80 |
| − Vacancy | −$4.7k | −$1.57 |
| EGI | $89.8k | $30.23 |
| − OpEx | −$26.9k | −$9.07 |
| NOI | $62.8k | $21.16 |
2,970 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$897.8K
$785.6K – $1.05M
NOI $62,846 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$844.2K
$738.7K – $984.9K
NOI $59,093 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,076 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family duplex with updated first-floor finishes, in-unit laundry on the second floor, and off-street parking.
Where is this duplex located?
The property is located at 28 Washington Street Stoneham, MA.
What is the asking price?
The asking price for this property is $1,069,000.
What are key features of this property?
This property features: Oversized two‑family in Stoneham with ~2,970 sq ft and 6 bedrooms total; First‑floor unit is vacant and move‑in ready with updated cabinets, quartz countertops, and stainless steel appliances; First‑floor unit includes 1.5 baths with newer washer/dryer, refrigerator, and dishwasher
