
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & 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
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid
Family Room
Lvl FirstFlooring - Wall to Wall Carpet
Master Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - With Tub
Listing Agent: Ani Santana
Listing Office: Chinatti Realty Group, Inc.
MLS® Number: 73573930