Investment Analysis — 11 Hovey St

Woburn, MA 01801

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 01801 carries an estimated $4,170/mo in gross rent — about a 4.57% cap rate and $34,225/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,804

Style

Single Family

Built

1890

Completely reimagined through a full gut renovation, 11 Hovey Street delivers the rare combination of refined, brand new finishes, exceptional versatility, and a highly convenient Woburn location. Thoughtfully redesigned from top to bottom, this home offers an elevated living experience with hardwood flooring throughout, a beautifully appointed kitchen featuring quartz countertops, stylish tiled showers, and polished modern finishes that bring a cohesive, contemporary feel to every space.The main living levels offer four bedrooms, including the convenience of a first-floor primary bedroom. The finished walkout lower level substantially expands the home’s potential, featuring two additional bedrooms, a full bath, abundant storage, and flexible space well suited for extended family, guests, a home office, or future ADU consideration.Ideally positioned near Woburn’s shopping, dining, public transportation, and major commuter routes, this exceptional property offers effortless access to everyday essentials and surrounding destinations. With six bedrooms of potential living space, a luxury-caliber renovation, walkout lower level, and an outstanding commuter-friendly setting, 11 Hovey Street is a distinctive opportunity to enjoy modern living without compromise. Updated photos to follow.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,804 sq ft principal dwelling). Lot size: 3,920 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.