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Property Details
- Property Type Special Purpose
- Property Size 9,131 SF
- Lot Size 40,400 SF
- Zoning Business Highway
- Parking Spaces Avail. 16
- Parking Ratio 1.75 / 1,000 SF
- Building Class D
- Year Built 1900
- Date Updated Sep 9, 2025
- Construction Type wood frame
A 2 to 2½ story wood frame, vinyl sided structure (former hospital), with a combination rubber membrane and asphalt shingle roof, elevator access, a full granite/brick foundation walled and concrete slab basement, built circa 1900, renovated over time. The property is state certified as a 50-bed sober house under the 12-Step Education Program of New England. This investment offers tremendous upside, when stabilized at an 85% occupancy (currently at 73% annualized). Rents will be increased, as of October 2025, to $310 per week for singles, $235 per week for shared accommodations, $1,250 per month for singles and $1,000 for shared accommodations (includes food). To date, the mix has historically been 10% monthly fees and 90% weekly fees. The property is in need of an upgrade.
Stabilized Proforma - The property has 50 beds and a 9,131 sq ft gross building area. Gross scheduled income is $639,010 ($69.98/sq ft), including $6,250 from laundry ($125/bed/yr). After a 15% vacancy/collection loss ($95,852 or $10.50/sq ft), effective gross income is $543,159 ($59.49/sq ft). Expenses total $132,048 ($14.46/sq ft), or 24.31% of EGI, with key costs: admin $5,431.59 (1%), repairs $27,157.93 (5%), marketing $300 (0.06%), insurance $11,000 (2.03%), electricity $11,000 (2.03%), gas $1,891.08 (0.35%), oil $11,342.36 (2.09%), water/sewer $9,000 (1.66%), landscaping $500 (0.09%), snow plowing $1,500 (0.28%), trash $3,378.40 (0.62%), internet $3,300 (0.61%), food/household $11,800 (2.17%), payroll $30,000 (5.52%), licenses $794.33 (0.15%), and reserves $3,652.40 (0.67%). Net operating income is $411,110 ($45.02/sq ft), or 75.69% of EGI.
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Getting around
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Location
- City Woburn, MA
- Neighborhood Woburn
- Zip Code 01801
- Market Suburban Boston
Points of Interest
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Anderson RTC
3.85 miles
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Reading
5.25 miles
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Davis
5.74 miles
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Ball Square
5.87 miles
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Oak Grove
5.97 miles
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Waltham
7.08 miles
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Church Street - Johnston Gate
7.19 miles
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Church Street - West
7.20 miles
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Elevator to Harvard MBTA station
7.23 miles
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Brattle Square - Bus Tunnel
7.23 miles
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Gulf
0.10 miles
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McDermottroe Getty
0.22 miles
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ChargePoint
0.81 miles
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AL Prime
1.23 miles
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Speedway
1.38 miles
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King Petroleum
1.54 miles
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Mobil
1.58 miles
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Phillips 66
1.60 miles
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King
1.84 miles
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EVgo
1.94 miles
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YMCA Parking
0.44 miles
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Shaker Glen public parking
0.68 miles
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Mary Cummings Park
1.21 miles
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Blanchard Woods Parking
1.50 miles
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Reservoir Parking Lot
1.68 miles
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Lahey Hospital Parking Garage
1.68 miles
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Peterson School Parking
1.70 miles
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Walnut Street Lot
1.71 miles
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Valet Parking
1.73 miles
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Lahey Parking
1.75 miles
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Hyatt House Boston/Burlington
1.29 miles
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Sonesta ES Suites
1.66 miles
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Boston Marriott
1.67 miles
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Hilton Garden Inn
1.69 miles
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Residence Inn
1.92 miles
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Extended Stay America
2.23 miles
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Crowne Plaza Boston - Woburn
2.29 miles
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Sonesta Simply Suites Boston Burlington
2.45 miles
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Archer Hotel
2.62 miles
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Quality Inn & Suites
3.60 miles
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Whole Foods Market
1.00 miles
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Target
1.14 miles
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Marshalls
1.19 miles
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Market Basket
1.47 miles
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H Mart
1.49 miles
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Trader Joe's
1.61 miles
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Macy's
1.87 miles
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Burlington Mall
1.98 miles
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Nordstrom
2.01 miles
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Kohl's
2.23 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

JMR Commercial RE Services