Active Under Contract
10 Days on market
11 Lake Street #111 Wakefield — Photo 1 of 20

11 Lake Street #111 Wakefield — Photo 1 of 20

$635,000

Investment Analysis — 11 Lake Street #111

Wakefield, MA 01880 — Wakefield Junction

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01880 carries an estimated $2,590/mo in gross rent — about a 1.40% cap rate and $8,875/yr in estimated NOI at the $635,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,142

Style

Condominium

Built

1911

Move into carefree downtown living in this beautiful loft at Wakefield Crossing, a striking turn-of-the-century mill conversion in the heart of Wakefield. Soaring 11-foot ceilings and seven oversized windows (8.5' x 5.5') flood the 1,142-square-foot open floor plan with natural light, while exposed brick and gleaming hardwood floors preserve the building's historic character throughout.The kitchen is outfitted with black granite countertops, wood cabinetry, a pantry, double sink with disposal, and a full suite of premium appliances: GE Profile dishwasher, gas range, and microwave alongside an LG refrigerator and freezer. The primary suite offers a private en-suite bath and a walk-in closet with custom built-ins, while a second bedroom is an open, loft-style layout consistent with the building's design, with its own walk-in closet. In-unit GE stackable washer/dryer, entry closet, and dedicated mechanical closet round out the thoughtful layout. Unit comes with two parking spots - one in a garage with EV charging and one outdoor spot. Wakefield Crossing residents enjoy an elevator, secure entry, two common decks, on-site fitness center, and a clubroom with gas fireplace and kitchen - all right near Wakefield's shops and restaurants, the MBTA Commuter Rail, Route 95, and the scenic shores of Lake Quannapowitt.

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.

Property Details

Financials

Original Price$635,000
Annual Taxes$7,726
HOA Fee$585

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms3
FireplacesNone
FlooringWood
BasementN

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
Foundation--
Zoningres

Property & Lot

Acres2.41
SqFt Lot104,980
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Highway Access • Public School • T-Station

Geography

Listing Provided By

Listing Agent: Currier, Lane & Young

Listing Office: Compass

MLS® Number: 73570913