Two-Unit Duplex with Walkout
For Sale
$879,000
52 Forest Park Road, Woburn, MA 01801
Each residence has two bedrooms, an eat-in kitchen, laundry, and a spacious living room.
Property Size2,576 SF
Price / SF$341.23
Days on Market18
Property Features for 52 Forest Park Road
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
laundry
walk-out basement
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Lawton Real Estate,Inc
Listed By:
Mary L. Lawton
(781) 933-0999
Source:
Elevatedboston
Added: Sep 18
Changed: Oct 4
Last Checked: Oct 4 at 10:02AM
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 Lawton Real Estate,Inc
Investment Insights
Based on property information with market context.
This two-family duplex contains two units arranged across the first and second floors, with 2,048 square feet of living area. Each unit offers two bedrooms, one bathroom, an eat-in kitchen, laundry, and a large living room with multiple windows. The first-floor apartment has an updated kitchen, bathroom, and laundry area. The property was built in 1910.
A walkout basement is available for workshop use and will be delivered empty. The property also includes substantial outdoor space and ample parking. Unit 2 has gas heat and hot water; a second meter has been brought to the house for Unit 1 if conversion is desired. Both units will be vacant at delivery.
A walkout basement is available for workshop use and will be delivered empty. The property also includes substantial outdoor space and ample parking. Unit 2 has gas heat and hot water; a second meter has been brought to the house for Unit 1 if conversion is desired. Both units will be vacant at delivery.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,048 square feet; built in 1910
- First‑floor unit has updated kitchen, bathroom, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,509
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,180
$1.1M
Cap Rate 7%
$778,700
$778.7K
Cap Rate 9%
$605,656
$605.7K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$81.9K $31.80/SF
− Vacancy
−$4.0K −$1.57/SF
EGI
$77.9K $30.23/SF
− OpEx
−$23.4K −$9.07/SF
NOI
$54.5K $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%
$1,090,180
Cap Rate 7%
$778,700
Cap Rate 9%
$605,656
Alternative Uses
Best Use
Multifamily LT 5
$778.7K
$681.4K – $908.5K
NOI $54,509 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$732.2K
$640.7K – $854.2K
NOI $51,254 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,749 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
887
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, an eat-in kitchen, laundry, and a spacious living room.
Where is this duplex located?
The property is located at 52 Forest Park Road Woburn, MA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,048 square feet; built in 1910; First‑floor unit has updated kitchen, bathroom, and laundry
