
1 Stuart Street Wilmington — Photo 1 of 30
$890,000
Investment Analysis — 1 Stuart Street
Wilmington, MA 01887
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01887 carries an estimated $4,170/mo in gross rent — about a 3.47% cap rate and $30,866/yr in estimated NOI at the $890,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,970
Style
Single Family
Built
1992
Welcome to this updated split-level Cape, set on a spacious corner lot with more than 320 feet of frontage, most of it on the dead end street side. Thoughtful improvements and custom features can be found throughout the property. The finished lower level includes a third bathroom and laundry area, along with movable sliding walls that can close off a private space suitable for use as a fourth bedroom, home office, entertainment area or guest area. The oversized two-car garage offers extensive steel shelving, storage drawers, a full workbench, and additional lighting— ideal for vehicles, projects, or hobbies. The front yard shed has light and power. A separate outbuilding has been converted into a privately insulated year-round Office with Heating/AC, hot/cold water sink, refrigerator, top of the line speaker system and a loft. LAN, cable, Wi-Fi and camera connection to the main house, with the office setup included in the sale. The backyard is accessible through three steel framed gates, including impressive 20-foot swinging gates that can accommodate a large truck or equipment. Outdoor features include a substantial, overbuilt deck with under deck dry storage and fenced in area, a plumbed and electric garden box, a hen coop with plumbing, sink, and a large zip line equipped with safety springs. The Oil Furnace, A/C system, all windows, and the insulated garage doors have been installed in the last 5 years. The circular driveway, the garage driveway and the exterior paint are new. All appliances and TV’s are included in the sale. A truly distinctive property offering exceptional storage, workspace, recreation, and outdoor flexibility.
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 1,970 sq ft principal dwelling). Lot size: 16,553 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.
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Lvl FirstListing Agent: Robert P. Gillette
Listing Office: Gillette Realty
MLS® Number: 73575752