31 Days on market
199 Federal Street Wilmington — Photo 1 of 29

199 Federal Street Wilmington — Photo 1 of 29

Recent Drop: $50,000

$1,150,000
$1,100,000

$1,100,000

Investment Analysis — 199 Federal Street

Wilmington, MA 01887

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01887 carries an estimated $4,610/mo in gross rent — about a 2.86% cap rate and $31,480/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,288

Style

Single Family

Built

2013

Built just 13 years ago and meticulously cared for by its original owner, 199 Federal Street offers the kind of home that feels just as good as it looks. Offering 4 bedrooms and 2.5 bathrooms, this home has the space and layout to fit everyday living, entertaining, and everything in between. The primary suite features a private en suite bath with double sinks and a walk-in closet, while the additional bedrooms offer plenty of flexibility for guests, a home office, or growing needs. A walk-up attic provides even more potential, whether you envision additional living space, a home gym, office, or simply incredible storage. Pride of ownership is evident throughout, with consistent upkeep and maintenance over the years. Set in a beautiful and convenient Wilmington location with easy access to major highways, shopping, dining, and everyday amenities, this is a home that has been loved, cared for, and is ready for its next chapter.

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 2,288 sq ft principal dwelling). Lot size: 40,075 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.

Property Details

Financials

Original Price$1,150,000
Annual Taxes$10,562.7

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms8
Fireplaces1
FlooringTile, Laminate, Hardwood
BasementPartially Finished, Walk-Out Access, Interior Entry, Garage Access, Concrete

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas, Ductless
CoolingCentral Air, Ductless
WaterPublic, Other
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR-20

Property & Lot

Acres0.92
SqFt Lot40,075
Lot FeaturesCorner Lot

Amenities & Appliances

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

Neighborhood

Public Transportation • Shopping • Conservation Area • Highway Access • Public School • Sidewalks

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Bathroom 1
Main,First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl Main,First

14 x 16

Flooring - Hardwood

Dining Room
Lvl Main,First

14 x 12

Flooring - Hardwood

Kitchen
Lvl Main,First

14 x 25

Flooring - Hardwood, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Family Room
Lvl Main,First

14 x 14

Flooring - Hardwood

Primary Bedroom
Lvl Second

14 x 18

Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second

13 x 11

Bedroom 3
Lvl Second

12 x 13

Flooring - Hardwood, Lighting - Overhead

Bedroom 4
Lvl Second

12 x 15

Flooring - Hardwood, Attic Access, Lighting - Overhead

Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower

Property History

Price Drop
$1,100,000

Was $1,150,000

Aug 23, 2026

MLS® 73563396

Listed
$1,150,000

Aug 13, 2026

MLS® 73563396

Listing Provided By

Listing Agent: Angelina Correia

Listing Office: DiPietro Group Real Estate

MLS® Number: 73563396