24 Iron Works Way Saugus — Photo 1 of 28
$1,390,000
Investment Analysis — 24 Iron Works Way
Saugus, MA 01906
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01906 carries an estimated $3,560/mo in gross rent — about a 1.51% cap rate and $20,925/yr in estimated NOI at the $1,390,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
3,005
Style
Single Family
Built
2016
Welcome to this beautifully maintained single-family home in a quiet and desirable Saugus neighborhood. Built in 2016, this home offers approximately 3,005 sq. ft. of living space, 4 bedrooms, 3.5 bathrooms, and a 2-car garage.The home features a custom-built modern kitchen with quality cabinetry, a Wolf 6-burner range top and vent hood, Sub-Zero refrigerator, and built-in wall oven and microwave.Enjoy a spacious laundry room with hookups for 2 washers and 2 dryers, plus a beautiful stone-laid backyard that is perfect for relaxing and entertaining.Additional features include central air conditioning and central gas heating. A spacious and comfortable home with quality finishes and thoughtful details throughout. Some photos may include virtual staging or digitally added furnishings for illustration purposes. Actual property condition, finishes, and furnishings may vary.
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 3,005 sq ft principal dwelling). Lot size: 12,659 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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Amenities & Appliances
Gas Water Heater • Range • Oven • Dishwasher • Refrigerator
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Listing Agent: Kyle Chen
Listing Office: Real Broker MA, LLC
MLS® Number: 73569359