7 Montvale Ave Woburn, MA 01801
Downtown Woburn NeighborhoodEstimated payment $7,502/month
Highlights
- Golf Course Community
- Property is near public transit
- Tennis Courts
- Medical Services
- Community Pool
- Jogging Path
About This Home
Incredible investment opportunity in Woburn centers thriving downtown! This building consists of (3) retail spaces at the street level and (2) residential apartments above. Retail tenants are 1. National Guard 2. Carlos Barbershop, 3. Mandarin Healing Massage. The residential apartments are a 1 Bedroom and 2 Bedroom - both with 1 full bathroom. Both residential apartments are fully renovated. Public parking lot right across the street. Just over $101,000 in yearly rents.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,509
Year Built
- Built in 1979
Lot Details
- 2,178 Sq Ft Lot
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 3,238 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Location
- Property is near public transit
- Property is near schools
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Jogging Path
Additional Features
- 5 Units
- Net Operating Income $101,184
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,509 | $465,900 | $60,000 | $405,900 |
| 2024 | $9,020 | $457,400 | $60,000 | $397,400 |
| 2023 | $9,316 | $440,700 | $60,000 | $380,700 |
| 2022 | $8,593 | $377,400 | $60,000 | $317,400 |
| 2021 | $8,627 | $377,400 | $60,000 | $317,400 |
| 2020 | $8,756 | $377,400 | $60,000 | $317,400 |
| 2019 | $7,683 | $323,900 | $60,000 | $263,900 |
| 2018 | $5,903 | $236,600 | $42,000 | $194,600 |
| 2017 | $5,773 | $231,200 | $42,000 | $189,200 |
| 2016 | $5,617 | $217,800 | $42,000 | $175,800 |
| 2015 | $6,428 | $244,400 | $42,000 | $202,400 |
| 2014 | $6,203 | $226,300 | $42,000 | $184,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $1,200,000 | -- | $371 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $475,000 | None Available | |
| Not Resolvable | $400,000 | -- | |
| Not Resolvable | $225,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $168,750 | Commercial | |
| Previous Owner | $56,170 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73389492
APN: WOBU-000051-000019-000021
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