Quadplex with Updated
For Sale
$1,225,000
904 Main St, Woburn, MA 01801
Four-unit property includes three ground-level residences and current tenants.
Property Size3,312 SF
Days on Market49
Property Features for 904 Main St
General Information
Standard status
Active
Size
3,312 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,015
Building Details
Building Size
3,312 SF
Year Built
1940
Stories
5
Units
4
Listed By:
Roc Noelsaint
(339) 368-4980
Source:
Elliman
Added: Sep 13
Changed: Oct 27
Last Checked: Oct 30 at 3:01PM
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 Roc Noelsaint
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Investment Insights
Based on property information with market context.
Built in 1940, this four-unit quadplex includes three apartments on the first floor. Several units have received updates, with three of the four units noted as recently improved. Current tenants are in place, and the property is being offered in its existing condition.
The property is located at 904 Main St in Woburn, Massachusetts, with access to the I-95 corridor. Three leases are scheduled to expire next year, providing a defined point for future lease decisions. The property also has a Walk Score of 45, a Bike Score of 38, and a Transit Score of 24.
The property is located at 904 Main St in Woburn, Massachusetts, with access to the I-95 corridor. Three leases are scheduled to expire next year, providing a defined point for future lease decisions. The property also has a Walk Score of 45, a Bike Score of 38, and a Transit Score of 24.
Key Highlights
- Four‑unit quadplex built in 1940
- Three units are located on the first floor
- Three of four units have received recent updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,083
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,401,660
$1.4M
Cap Rate 7%
$1,001,186
$1.0M
Cap Rate 9%
$778,700
$778.7K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$105.3K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.1K $30.23/SF
− OpEx
−$30.0K −$9.07/SF
NOI
$70.1K $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%
$1,401,660
Cap Rate 7%
$1,001,186
Cap Rate 9%
$778,700
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$876.0K – $1.17M
NOI $70,083 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$941.4K
$823.7K – $1.10M
NOI $65,898 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,248 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
430
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property includes three ground-level residences and current tenants.
Where is this quadplex located?
The property is located at 904 Main St Woburn, MA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1940; Three units are located on the first floor; Three of four units have received recent updates
