Active

5 Days on market

8 Washington Street Stoneham — Photo 1 of 40

$819,000

Investment Analysis — 8 Washington Street

Stoneham, MA 02180

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 3.10% cap rate and $25,395/yr in estimated NOI at the $819,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,026

Style

Single Family

Built

1880

Like new, expansive Stoneham Colonial with 4 Bedrooms and 3 Full Baths. Welcome to 8 Washington Street. The home is so much larger than you first think. Check out the picture of the house from the back and you will see the size. This sun-filled 4 bedroom, 3 bath home offers exceptional space, updates, and future potential in a prime Stoneham location. With brand-new wall-to-wall carpeting throughout the entire second floor and fully redone flooring on the first, the home is move-in ready and thoughtfully refreshed. Set on a well-utilized lot with a fully fenced yard, this property includes two sheds, a dedicated garden space, and ample off-street parking. The outdoor setup is ideal for gardeners, hobbyists, pet owners, or anyone who values private outdoor living. With its size, layout, and lot configuration, the home presents exciting potential for conversion into a multifamily. Bring your imagination, this property offers room to grow, adapt, and invest. Close to all major Routes (93, 95,128, 129 and Route 1). Short walk to the Schools, the Town Common and Downtown area with Theatre and fantastic restaurants. Opportunity, Opportunity, Opportunity!! Zoned Resident B, property has the egresses to become a Two-Family.

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 2,026 sq ft principal dwelling). Lot size: 11,761 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.