
3 Forest St Wilmington — Photo 1 of 41
Recent Drop: $14,000
$785,900
Investment Analysis — 3 Forest St
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 4.40% cap rate and $34,597/yr in estimated NOI at the $785,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
1,935
Style
Single Family
Built
1945
**NEW PRICE! Freshly Painted 4BR Colonial Near the Wilmington/Burlington Line. This 4-bedroom, 2.5-bath Colonial offers a combination of recent system updates, flexible living space, and outdoor amenities on a spacious .57-acre lot. Major improvements include a new septic system (2024), upgraded 200-amp electrical service (2026), replacement windows, and a freshly painted interior.The main level features hardwood floors, a spacious living and family room, generous dining area, and an open-concept kitchen with stainless steel appliances. A flexible walk-in pantry/mudroom provides additional storage, and a convenient half bath completes the first floor.Upstairs, the primary suite features a private bath with Jacuzzi tub, double closets, and an additional walk-in closet. Two additional bedrooms, a full bath, and dedicated second-floor laundry complete the second level. The finished attic includes a fourth bedroom and additional storage space, providing flexibility for a variety of uses.Outside, the .57-acre property features a fully fenced backyard, deck with seating area, garden area, and room for additional outdoor enjoyment. The 22x14 detached garage offers electricity, loft storage, a power overhead door, and side entries, providing additional space for vehicles, storage, hobbies, or a workshop.Conveniently located near Wilmington Center, commuter rail, shopping, dining, and major commuter routes. With its recent updates, flexible floor plan, detached garage, and generous lot, this property offers plenty of space and versatility. Schedule your private showing today!
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 1,935 sq ft principal dwelling). Lot size: 24,829 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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Interior Specifications
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Building & Exterior
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Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13 x 11
Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture, Open Floorplan
Dining Room
Lvl First12 x 12
Flooring - Hardwood, Slider, Lighting - Overhead
Kitchen
Lvl Main,First16 x 12
Ceiling Fan(s), Closet, Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Storage, Peninsula, Lighting - Overhead
Family Room
Lvl Main,First11 x 11
Flooring - Hardwood, Window(s) - Picture, French Doors, Lighting - Overhead, Crown Molding
Master Bedroom
Lvl Second12 x 20
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Cable Hookup, Recessed Lighting, Lighting - Overhead, Closet - Double, Flooring - Engineered Hardwood
Bedroom 2
Lvl Second10 x 12
Bedroom 3
Lvl Second10 x 12
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 4
Lvl Third14 x 14
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Laminate, Jacuzzi / Whirlpool Soaking Tub, Lighting - Overhead
Bathroom 3
Lvl FirstBathroom - Half, Flooring - Laminate, Pocket Door
Property History
$785,900
Was $799,900
Aug 19, 2026
MLS® 73553531
$799,900
Jul 22, 2026
MLS® 73553531
Listing Agent: Elizabeth Silva
Listing Office: Elite Realty Experts, LLC
MLS® Number: 73553531