
409 Lewis O Gray #409 Saugus — Photo 1 of 35
$619,000
Investment Analysis — 409 Lewis O Gray #409
Saugus, MA 01906 — Sheffield Heights
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
Single Family
Built
1984
Looking for the space and feel of a single-family home without all the exterior maintenance? This spacious Sheffield Heights townhouse offers nearly 2,300 square feet of living space across four finished levels, two private outdoor spaces, and a flexible floor plan—all with the benefits of condominium ownership.The main level features a bright, open-concept living and dining area with direct access to a private balcony, plus an eat-in kitchen with granite countertops, stainless steel appliances, custom cabinetry, and open shelving. A half bath completes this level. Upstairs are two generously sized bedrooms, including a primary suite with private bath and double closets, along with an additional full hallway bath.The finished third floor provides valuable flex space for a 3rd bedroom, home office, guest area, media room, fitness space, or creative studio. The walk-out lower level offers even more room to spread out, with a family room opening to a private patio, half bath/laundry, and additional hobby or workshop space.With generous storage throughout and four finished levels, there is room to live, work, entertain, and unwind.Enjoy the ease of condominium living along with Sheffield Heights amenities, including a clubhouse, swimming pool, and tennis courts. Convenient to major routes, shopping, dining, Soc’s Ice Cream, and nearby Breakheart Reservation. The space of a house. The convenience of a condo. Come see how much room is behind the front door. This property is also listed as a Townhouse MLS#73574517.
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
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
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: 73585506







