
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondFlooring - Hardwood
Dining Room
Lvl SecondFlooring - Vinyl
Kitchen
Lvl SecondFlooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid
Master Bedroom
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: The Abundant Group
Listing Office: Real Broker MA, LLC
MLS® Number: 73572188