Active
46 Days on market
163 Prospect St #163 Wakefield — Photo 1 of 40

163 Prospect St #163 Wakefield — Photo 1 of 40

$775,000

Investment Analysis — 163 Prospect St #163

Wakefield, MA 01880

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01880 carries an estimated $3,110/mo in gross rent — about a 1.08% cap rate and $8,403/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,625

Style

Condominium

Built

1910

Beautifully renovated townhouse-style home offering the comfort & privacy of single-family living. The thoughtfully designed open floor plan features a spacious kitchen w SS appliances, breakfast bar & ample cabinetry opening to the formal dining rm. Inviting living rm w gas fireplace, bright sunroom & full ba complete the main level. Upstairs you'll find 3 spacious bdrms, full ba w double vanity, 2nd-floor laundry & linen closet. Rich hardwood floors run throughout, while the shared front mudroom w built-in benches provides a welcoming entry. Enjoy the convenience of a private driveway & entrance, exclusive yard space, plus storage in the expansive basement. Ideally situated close to downtown Wakefield, shopping, dining, Lake Quannapowitt & major commuter routes including I-93 & I-95.

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 MLS and other third-party data may be inaccurate or out of date.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$775,000
Annual Taxes$16,959.59
HOA Fee$250

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Hardwood, Pine, Flooring - Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningRes

Property & Lot

Acres0.34
SqFt Lot15,002
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenOfficeBathroom 1
Living Room
Lvl First

15 x 13

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

12 x 12

Flooring - Hardwood, Recessed Lighting, Lighting - Overhead

Kitchen
Lvl First

18 x 12

Flooring - Hardwood, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Peninsula, Lighting - Pendant

Office
Lvl First

11 x 8

Flooring - Hardwood, Window(s) - Picture, Recessed Lighting

Master Bedroom
Lvl Second

13 x 12

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second

13 x 12

Bedroom 3
Lvl Second

12 x 11

Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl First

8 x 5

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

Bathroom 2
Lvl Second

7 x 7

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Double Vanity, Recessed Lighting

Listing Provided By

Listing Agent: Team Ladner

Listing Office: RE/MAX Harmony

MLS® Number: 73555925