Freestanding Mixed-Use
For Sale
$1,599,000
61 Pleasant St, Woburn, MA 01801
Vacant property combines professional office space, a one-bedroom residence, parking, and additional unfinished areas.
Property Size3,905 SF
Price / SF$409.48
Days on Market48
Property Features for 61 Pleasant St
General Information
Standard status
Active
Size
3,905 SF
Total Parking Spaces
10
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR (1,216 SF)
Multifamily Units
1
Building Details
Year Built
1970
Buildings
1
Listing Agency:
StartPoint Realty
(978) 422-3999
Listed By:
Sree Devireddy
(860) 751-2621
Source:
Lockandkeyre
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 5 at 7:28PM
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 StartPoint Realty
Investment Insights
Based on property information with market context.
This freestanding mixed-use property at 61 Pleasant St includes approximately 3,900 SF of finished space and will be delivered vacant. The commercial portion has a professional and medical-style configuration, while the residential component is an approximately 1,216 SF one-bedroom unit with its own entrance, kitchen, dining area, and living/family room. The building was constructed in 1970 and includes 10 on-site parking spaces.
Additional unfinished areas include approximately 2,684 SF in the basement and approximately 1,216 SF in the attic. Future office, residential, or other permitted uses may be considered subject to zoning, permitting, and municipal approvals. The property is near Woburn District Court, City Hall, Woburn Public Library, and Woburn Common, with restaurants, shops, banks, and professional services nearby. Access to I-93 and I-95/Route 128 is also noted, along with MBTA connections at Winchester Center and Anderson/Woburn.
Additional unfinished areas include approximately 2,684 SF in the basement and approximately 1,216 SF in the attic. Future office, residential, or other permitted uses may be considered subject to zoning, permitting, and municipal approvals. The property is near Woburn District Court, City Hall, Woburn Public Library, and Woburn Common, with restaurants, shops, banks, and professional services nearby. Access to I-93 and I-95/Route 128 is also noted, along with MBTA connections at Winchester Center and Anderson/Woburn.
Key Highlights
- Approximately 3,900 SF of finished space in a freestanding mixed‑use building
- 10 on‑site parking spaces
- Approximately 1,216 SF one‑bedroom residential unit with private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,907
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,478,140
$2.5M
Cap Rate 7%
$1,770,100
$1.8M
Cap Rate 9%
$1,376,744
$1.4M
Market Conditions
NOI Build-Up for 3,905 SF
Gross rent
$211.8K $54.24/SF
− Vacancy
−$46.6K −$11.93/SF
EGI
$165.2K $42.31/SF
− OpEx
−$41.3K −$10.58/SF
NOI
$123.9K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,478,140
Cap Rate 7%
$1,770,100
Cap Rate 9%
$1,376,744
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $123,907 @ 7.0% cap · market cap 7.75%
Second Best
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,350 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,822 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
957
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant property combines professional office space, a one-bedroom residence, parking, and additional unfinished areas.
Where is this mixed-use property located?
The property is located at 61 Pleasant St Woburn, MA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Approximately 3,900 SF of finished space in a freestanding mixed‑use building; 10 on‑site parking spaces; Approximately 1,216 SF one‑bedroom residential unit with private entrance
