Active Under Contract
8 Days on market
16 Richardson St #C Wakefield — Photo 1 of 29

16 Richardson St #C Wakefield — Photo 1 of 29

$339,000

Investment Analysis — 16 Richardson St #C

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 3.50% cap rate and $11,876/yr in estimated NOI at the $339,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

601

Style

Condominium

Built

1965

Amazing downtown Wakefield location! This bright and open top-floor 1-bedroom condo offers 601 square feet of comfortable, move-in-ready living with a surprisingly spacious layout.Freshly painted throughout, the open floor plan features beautiful hardwood floors, newer replacement windows, and great natural light. The oversized bedroom offers plenty of room for a king-size bed, additional furniture, or a work-from-home setup. Storage is another standout, with plenty of closet space throughout the unit. A large walk-in closet flows from the hallway through to the bedroom, along with two additional closets for even more storage. The kitchen includes stainless steel appliances, and in-unit laundry hookups are already provided for added convenience. Set within a small 8-unit association spread across just two buildings, the property also offers a large, beautifully maintained shared yard. Step outside to your own private space on the wood deck—perfect for morning coffee, relaxing outdoors, or al fresco dining.All of this in an incredibly convenient location close to downtown Wakefield’s shops and restaurants, Lake Quannapowitt, the commuter rail, public transportation, and easy access to major routes.Bright, spacious, freshly updated, and exceptionally well located — a wonderful opportunity to enjoy easy condo living in the heart of Wakefield. Offers Due by Wednesday, September 9th, 12:00. Email to Carlina as a PDF

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$339,000
Annual Taxes$2,966
HOA Fee$420

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
FlooringHardwood
BasementN

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningGR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • Private School

Geography

Floorplan Breakdown

Structural Layout

Second
Living RoomDining RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl Second

Flooring - Hardwood

Dining Room
Lvl Second

Flooring - Vinyl

Kitchen
Lvl Second

Flooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid

Master Bedroom
Lvl Second

Flooring - Hardwood

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: The Abundant Group

Listing Office: Real Broker MA, LLC

MLS® Number: 73572188