
409 Lewis O Gray Dr #409 Saugus — Photo 1 of 40
$619,000
Investment Analysis — 409 Lewis O Gray Dr #409
Saugus, MA 01906
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01906 carries an estimated $2,690/mo in gross rent — about a 1.92% cap rate and $11,875/yr in estimated NOI at the $619,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
3
SqFt
2,396
Style
Condominium
Built
1984
Four finished levels of living space at desirable Sheffield Heights! This spacious townhouse offers a flexible floor plan, two private outdoor spaces, and an abundance of natural light. The owner added additional windows on the main level and enlarged a third-floor window, allowing the home to live more like an end unit with extra sunlight throughout. The open-concept main level is designed for easy everyday living and entertaining, with a spacious living and dining area that opens directly to a private balcony. The eat-in kitchen features granite countertops, stainless steel appliances, custom cabinetry, and open shelving, with a convenient half bath nearby. Upstairs, you’ll find two generously sized bedrooms. The primary bedroom features an en suite bath and double closets, while the second bedroom is just steps from an additional full hallway bath. Need more space? The finished third floor offers a versatile bonus room ideal for a 3rd bedroom, home office, guest space, media room, fitness area, or yoga studio. The finished lower level adds even more living space with a family room that opens directly to a private patio. You’ll also find a half bath/laundry room plus dedicated craft, workshop, or hobby space. Generous storage is available throughout the home. Enjoy the amenities of Sheffield Heights, including a community clubhouse, swimming pool, and tennis courts. Conveniently located minutes from major highways, shopping, dining, and local favorite Soc’s Ice Cream. Outdoor enthusiasts will love having Breakheart Reservation nearby, offering miles of trails, two lakes, swimming, recreation, and acres of beautiful forest. Four finished levels, extra natural light, flexible spaces, two outdoor areas, great amenities, and a convenient location—this Sheffield Heights townhouse has room for it all!
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First19 x 13
Flooring - Hardwood, Balcony / Deck, Open Floorplan, Recessed Lighting, Slider
Dining Room
Lvl Main,First16 x 6
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Kitchen
Lvl Main,First12 x 11
Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl Basement19 x 12
Flooring - Vinyl, Exterior Access, Slider
Primary Bedroom
Lvl Second16 x 12
Bathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl Second16 x 11
Bathroom 1
Lvl First4 x 4
Bathroom - Half
Bathroom 2
Lvl Second5 x 9
Bathroom - Full
Bathroom 3
Lvl Second6 x 9
Bathroom - Full
Listing Agent: Meg Michaels
Listing Office: Residential Realty Group
MLS® Number: 73574517







