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35 Forest Street Stoneham — Photo 1 of 42

35 Forest Street Stoneham — Photo 1 of 42

$949,900

Investment Analysis — 35 Forest Street

Stoneham, MA 02180 — Robinhood

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02180 carries an estimated $3,540/mo in gross rent — about a 2.32% cap rate and $22,020/yr in estimated NOI at the $949,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,146

Style

Single Family

Built

1937

Incredibly rare opportunity awaits in one of Stoneham's most desirable areas. After 62 years of ownership this expanded single family cape home sitting on over 1.5 acres (nearly 68,000 square feet) is ready for its new owner occupant or developer to breathe new life into this truly special property. Featuring four bedrooms, two and a half baths, inground pool and hot tub this home has more than enough space to offer. One of the most special features of this property is its detached outbuilding, tucked away in the back corner of the lot with its 460 square feet of extra space opens up new possibilities for a cabana, kids clubhouse, creative headquarters, or place to disappear for an afternoon. For adults, imagine a private home office, workout studio, art or craft space, reading room, or simply a place to pursue whatever makes you happy. 35 Forest Street is unlike any of the other properties you've found so far...This combination of scale, land, amenities, location, and possibility are not easily found this close to Boston. Set above Forest Street in the highly desirable Robin Hood area of Stoneham, this property affords the savvy buyer an opportunity to own an expansive home in a coveted neighborhood at an exceptional value. Close to two major highways, shopping and dining at the nearby Redstone Shopping Center and all that makes Stoneham special. Why pay a premium for someone else's choices? Make 35 Forest Street your own! Come visit one of our upcoming open houses or schedule a private showing today

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 3,146 sq ft principal dwelling). Lot size: 68,023 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.

Property Details

Financials

Original Price$949,900
Annual Taxes$10,265

Parking

Garage4
Off-Street8

Interior Specifications

Total Rooms11
Fireplaces1
FlooringTile, Vinyl, Carpet, Hardwood, Stone / Slate, Flooring - Hardwood, Flooring - Wall to Wall Carpet, Flooring - Vinyl, Flooring - Stone/Ceramic Tile
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingCentral, Baseboard, Oil, Propane
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Block
ZoningRes A

Property & Lot

Acres1.56
SqFt Lot68,023
Lot FeaturesLevel, Sloped

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomFamily RoomBedroom 3Bathroom 1
Main,First
Kitchen
Living Room
Lvl First

17.416666666 x 15.166666666

Flooring - Hardwood, Lighting - Sconce, Crown Molding

Dining Room
Lvl First

11.5 x 11.083333333

Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Lighting - Overhead, Crown Molding

Kitchen
Lvl Main,First

13.083333333 x 17.166666666

Flooring - Vinyl, Exterior Access, Lighting - Overhead

Family Room
Lvl First

15.416666666 x 13.333333333

Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl Second

25.416666666 x 16.333333333

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second

16.583333333 x 13.083333333

Bedroom 3
Lvl First

14.166666666 x 10.583333333

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 4
Lvl Second

22.083333333 x 16.75

Bathroom - Full, Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

7.75 x 7.333333333

Bathroom - Full, Bathroom - Tiled With Tub, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

5.333333333 x 6.666666666

Bathroom - Half, Flooring - Vinyl, Lighting - Overhead

Bathroom 3
Lvl Second

8.75 x 13.75

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Listing Provided By

Listing Agent: Aldo Masciave

Listing Office: Leading Edge Real Estate

MLS® Number: 73580873