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8 Washington Street Stoneham — Photo 1 of 34

8 Washington Street Stoneham — Photo 1 of 34

$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 2-unit multi-family in 02180 carries an estimated $4,920/mo in gross rent — about a 4.64% cap rate and $37,980/yr in estimated NOI at the $819,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

2,026

Style

Multi Family

Built

1880

This listing is presently being used and being marketed primarily as a Single Family at Listing #73584461. The zoning is RB allows for 2 Families in Stoneham. The home has the egresses and ability to become a 2 Family. Seller makes no representations as to what would be needed by the town for this property to become a Legal 2 Family. Buyer to do their own due diligence. 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.

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$819,000
Annual Taxes$6,890

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms8
Fireplaces1
Flooring--
BasementFull, Walk-Out Access, Concrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationGranite
ZoningRB

Property & Lot

Acres0.27
SqFt Lot11,761
Lot Features--

Neighborhood

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

Geography

Listing Provided By

Listing Agent: Craig Celli

Listing Office: Century 21 North East

MLS® Number: 73584542