Investment Analysis — 28 Wendell St

Saugus, MA 01906

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01906 carries an estimated $3,230/mo in gross rent — about a 3.82% cap rate and $22,866/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,356

Style

Single Family

Built

1920

Classic Colonial with Space, Character & Potential. Bring your vision to this spacious Colonial. This home offers generous size rooms and plenty of potential for those looking to restore and update a property to their own taste. The first floor of this home is Handicap accessible with a handicap entrance ramp and a full handicap bathroom along with an eat in kitchen with stainless steel appliances and a slider that lead to a deck. Dining room and an additional room could be a 4th bedroom and an additional full bathroom. Double staircases leading to the 2nd floor which offers 3 bedrooms and a 3rd full bath. The walk-up attic provides two additional rooms, offering flexible space for hobbies and more room for storage. Full basement and a two-car garage adds valuable parking, workshop, and storage possibilities. Roof is 3 years old. While the home needs work, its generous layout, substantial storage, and side street location make it an excellent opportunity for renovation. A great option for contractors looking for a winter project.

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 2,356 sq ft principal dwelling). Lot size: 4,957 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.