19 Penny Lane Stoneham — Photo 1 of 30
$599,000
Investment Analysis — 19 Penny Lane
Stoneham, MA 02180
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02180 carries an estimated $2,670/mo in gross rent — about a 3.12% cap rate and $18,678/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,010
Style
Single Family
Built
1943
Calling all First Time Home Buyers, Empty Nesters, or anyone with vision to expand a beautiful ranch style home in on one of the most desirable parts of Stoneham!! Welcome to 19 Penny Lane. The property is wonderfully nestled on a dead end street on a huge 15,000+ square foot lot. Enjoy the endless privacy behind the home, the side deck and large back yard. Hardwood floors throughout the main level except for tile in the kitchen. Flexible floor plans provides an opportunity for 2+ bedrooms or 1 Bedroom plus a wonderful two room sitting room with loads of warm sunlight. Not many homes in this price range have Central Air Conditioning, but this home does!!. Move right in and enjoy or make your changes over time and reap the benefits. Opportunities are endless with a walk-up attic and plenty of storage in the basement! Homes adjacent to 19 Penny both sold for well over $1,000,000. So whatever you put into the home, you'll get it all back. Contractors, Investors, Flippers, Builders take notice.
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: 505 sq ft (the lesser of 900 sq ft or half the 1,010 sq ft principal dwelling). Lot size: 15,102 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 10
Flooring - Hardwood, Exterior Access
Kitchen
Lvl First14 x 10
Flooring - Stone/Ceramic Tile, Exterior Access, Recessed Lighting
Master Bedroom
Lvl First11 x 10
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl First11 x 8
Bathroom 1
Lvl First5 x 6
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Craig Celli
Listing Office: Century 21 CELLI
MLS® Number: 73568611
