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3 Days on market
131 Federal St Wilmington — Photo 1 of 41

131 Federal St Wilmington — Photo 1 of 41

$799,900

Investment Analysis — 131 Federal St

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 3.57% cap rate and $28,587/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,812

Style

Single Family

Built

1995

Welcome to 131 Federal Street, a well-maintained Colonial proudly cared for by its long-term owners. Offering 3 bedrooms and 2.5 baths, a finished lower level and a beautiful three season porch, this home blends inviting living spaces with a peaceful setting in a convenient location. Step inside to find gleaming hardwood floors with a fireplaced living room just off the kitchen. The highlight of the main level is the beautiful three-season porch, featuring a cathedral ceiling and walls of windows overlooking the tranquil, tree-lined backyard. The perfect backdrop for morning coffee, casual dinners, or simply enjoying the changing New England seasons. Upstairs you will find three spacious bedrooms, including a primary bedroom with an en-suite bath, with an additional full bath. The lower level provides even more flexible living space with a built-in bar and plenty of room for entertaining, hobbies, or recreation. Updates include Renewal by Andersen windows (2014), Furnace (2015) Roof (2018) and water heater (2025). Situated at the corner of Federal Street and Flynn Street, this home offers a convenient access to major routes, commuter rail, shopping, and dining. Boston is approximately 18 miles away, making this an excellent location for commuters. With its inviting spaces, peaceful setting, and years of thoughtful care, 131 Federal Street is ready to welcome its next owners. Some photos have been virtually staged.

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 1,812 sq ft principal dwelling). Lot size: 30,852 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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Property Details

Financials

Original Price$799,900
Annual Taxes$9,443

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished

Climate & Utilities

HeatingNatural Gas
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR-20

Property & Lot

Acres0.71
SqFt Lot30,852
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid

Family Room
Lvl First

Flooring - Wall to Wall Carpet

Master Bedroom
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Tub

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - With Tub

Listing Provided By

Listing Agent: Ani Santana

Listing Office: Chinatti Realty Group, Inc.

MLS® Number: 73573930