Active
2 Days on market
14 W Water St #1 Wakefield — Photo 1 of 39

14 W Water St #1 Wakefield — Photo 1 of 39

$349,900

Investment Analysis — 14 W Water St #1

Wakefield, MA 01880

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01880 carries an estimated $2,180/mo in gross rent — about a 3.85% cap rate and $13,478/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

696

Style

Condominium

Built

1910

Welcome home to this sun-filled 2-level condo offering flexible living spaces and fantastic convenience in Wakefield—a wonderful option for an owner-occupant or a savvy investment opportunity! Freshly painted throughout, the main level features an open-concept living area bathed in natural light through a bright bay window. The open layout flows seamlessly into a well-appointed kitchen complete with upgraded cabinetry, tile flooring, and a breakfast bar perfect for morning coffee or casual dining. A spacious main bedroom with a large closet and a full tiled bath with tub & shower complete the primary living level. Head down the spiral staircase to find a versatile lower-level home office with a separate entry—ideal for a dedicated home office, hobby space, or extra room to unwind. Enjoy low-maintenance condo living with 1+ assigned off-street parking spaces, plus common laundry and extra storage on-site. Unbeatable location near downtown, Wakefield Station, Lake Quannapowitt, shopping, parks, trails, and highway access!

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$349,900
Annual Taxes$3,764
HOA Fee$220

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
FlooringTile, Vinyl, Laminate
BasementY

Climate & Utilities

HeatingElectric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningB

Property & Lot

Acres0.18
SqFt Lot7,841
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchen
Basement
Office
Main,First
Master BedroomBathroom 1
Living Room
Lvl First

Flooring - Laminate, Window(s) - Bay/Bow/Box, Open Floorplan

Dining Room
Lvl First

Flooring - Laminate, Breakfast Bar / Nook

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Cabinets - Upgraded

Office
Lvl Basement

Flooring - Laminate

Master Bedroom
Lvl Main,First

Flooring - Laminate

Bathroom 1
Lvl Main,First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet

Listing Provided By

Listing Agent: Kim Covino & Co. Team

Listing Office: Compass

MLS® Number: 73574950