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Property profile & analytics
OFF-MARKET
Investment properties

7 Prospect St Woburn, MA 01801-4219

4,314 SF 0.16 ac lot Built 1900
Individually Owned 5-yr Hold
Property ID
US38-0742052
Property summary
AI-generated overview

This exceptional mixed-use property in desirable Woburn, MA presents a unique investment opportunity. Located at 7 Prospect Street, this 0.16-acre lot boasts a thriving commercial space currently operating as a convenience store, perfectly suited for a variety of professional uses including, but not limited to, dental, medical, or other service-based businesses. The property also includes five one-bedroom residential units and one two-bedroom unit, providing a substantial rental income stream. In total, there are seven bedrooms and seven bathrooms across the residential units. The property offers ample parking with space for eleven vehicles. Its convenient location near the bus line and the vibrant shops and restaurants of Woburn Center ensures high visibility and accessibility for both the commercial and residential aspects of the property. The attached floor plan provides detailed information on the layout and configuration of the units. This is a rare chance to acquire a property with both established commercial income and significant residential rental potential in a highly sought-after location. The asking price is $1,399,000. Don't miss this chance to own a piece of Woburn's thriving community.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 4,314 SF
Lot 0.16 ac (6,970 SF)
Zoning code B-D
APN WOBU M:51 B:19 L:16 U:00
UPID US38-0742052
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Minute Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Laxmiben B Patel · 5 yrs held
Laxmiben B Patel
since 2020
Last sale
$295,000
3 recorded transactions
2020
Price N/A
2000
$295,000
2000
Price N/A
Zoning & alternative use
B-D · Woburn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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