316 Middlesex Ave Wilmington — Photo 1 of 38
$799,900
Investment Analysis — 316 Middlesex Ave
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 4.34% cap rate and $34,718/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,400
Style
Single Family
Built
1897
DRIVING KIDS TO SCHOOL? WHAT IF THEY COULD GET THE BUS AT THE CORNER OF YOUR HOUSE? Let me give you the facts! 4 Bedrooms - 2 Full Baths - High Ceilings - First floor totally renovated with NEW KITCHEN, NEW BATH, FIREPLACE FAMILY ROOM, DINING ROOM WITH BUILT INS AND A FORMAL PARLOR.You will love FULLY ENCLOSED SUNPORCH - 1/2 ACRE WITH FRUIT TREES & BERRIES - CORNERS A NEWER SUBDIVISION FOR EVENING STROLLS - FULL attic with vaulted ceiling bedroom? office? playroom? plus a huge storage room!! AU PAIR NEEDS? ADU? 2 options! Convert the carriage house that already has the beginnings of a game room, or use the basement with its own entrance. There is already a kitchen there (originally used for preserving fruits and vegetables) and a 2nd laundry hook up!! Title 5 approved. There is SOMETHING for EVERYONE in this home. Commuters dream 1/3 mile to the rail, or easy on/off rte 93. WILMINGTON a great town to live in with planned events all year long.
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 2,400 sq ft principal dwelling). Lot size: 28,750 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
Electric Water Heater • Range • Dishwasher • Refrigerator • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17 x 12
Ceiling Fan(s), Flooring - Hardwood
Dining Room
Lvl First12 x 13
Ceiling Fan(s), Closet/Cabinets - Custom Built, Pocket Door
Kitchen
Lvl Main,First14 x 16
Countertops - Stone/Granite/Solid, Kitchen Island, Wet Bar, Cabinets - Upgraded, Dryer Hookup - Electric, Exterior Access, Recessed Lighting, Remodeled, Stainless Steel Appliances
Office
Lvl Third19 x 16
Ceiling - Vaulted, Closet - Walk-in, Flooring - Wood
Family Room
Lvl First12 x 17
Ceiling Fan(s), Flooring - Hardwood, Remodeled, Wainscoting, Lighting - Overhead, Crown Molding, Pocket Door
Primary Bedroom
Lvl Second14 x 12
Bedroom 2
Lvl Second14 x 10
Bedroom 3
Lvl Second12 x 11
Bedroom 4
Lvl Second13 x 14
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl SecondBathroom - Full
Listing Agent: Priscilla Fitzgerald
Listing Office: Fitzgerald & Associates
MLS® Number: 73537240