Two-Unit Duplex with Fenced
97 Eastern Avenue, Woburn, MA 01801
For Sale
New
$625,000
A level, enclosed yard and paved driveway provide outdoor space and off-street parking.
Property Size1,945 SF
Price / SF$397.58
Days on Market3
Property Features for 97 Eastern Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Term
Property Condition
Severity
Evidence
Additional Details
Public Transit
Multifamily Units
Amenities
fenced-in yard
Building Details
Building Size
Year Built
Listing Agency:
Lamacchia Realty, Inc.
(781) 786-8080
Listed By:
Brianna Vanaria
(781) 777-5558
Source:
Iverty
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:27PM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1945, contains 1,572 square feet and would benefit from updating. The property includes a level, fenced yard and a paved driveway with space for four cars; street parking is also available.
Public transportation, shopping, parks, schools, walking trails, and everyday amenities are nearby. The property is located in Woburn, Massachusetts.
Public transportation, shopping, parks, schools, walking trails, and everyday amenities are nearby. The property is located in Woburn, Massachusetts.
Key Highlights
- Two‑unit duplex built in 1945
- 1,572 square feet
- Level, fenced‑in yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,264
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,280
$665.3K
Cap Rate 7%
$475,200
$475.2K
Cap Rate 9%
$369,600
$369.6K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$50.0K $31.80/SF
− Vacancy
−$2.5K −$1.57/SF
EGI
$47.5K $30.23/SF
− OpEx
−$14.3K −$9.07/SF
NOI
$33.3K $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%
$665,280
Cap Rate 7%
$475,200
Cap Rate 9%
$369,600
Alternative Uses
Best Use
Multifamily LT 5
$475.2K
$415.8K – $554.4K
NOI $33,264 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$446.8K
$391.0K – $521.3K
NOI $31,277 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$930.6K
$814.3K – $1.09M
NOI $65,143 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
907
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
$641,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A level, enclosed yard and paved driveway provide outdoor space and off-street parking.
Where is this duplex located?
The property is located at 97 Eastern Avenue Woburn, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1945; 1,572 square feet; Level, fenced‑in yard
