Active
116 Days on market
361 Salem St. #2 Wakefield — Photo 1 of 39

361 Salem St. #2 Wakefield — Photo 1 of 39

Recent Drop: $34,900

$999,900
$965,000

$965,000

Investment Analysis — 361 Salem St. #2

Wakefield, MA 01880 — Montrose

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 1.67% cap rate and $16,074/yr in estimated NOI at the $965,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3.5

SqFt

2,835

Style

Condominium

Built

2024

Presenting a distinguished residence at 361 Salem St. U:2 in Wakefield, MA, a newly constructed property from 2024. This 2800 plus square foot dwelling, in exceptional condition, offers an unparalleled living experience across its first-floor setting within a four-story structure. The kitchen is meticulously appointed with stainless steel Bosch appliances, a central island, and a built-in microwave, facilitating both culinary exploration and effortless entertaining. Each of the three full bathrooms provides refined comfort, with at least one featuring a double vanity and a walk-in shower for a spa-like retreat. Further enhancing the property's appeal are a dedicated laundry room for practical convenience and a private yard offering a secluded outdoor sanctuary perfect for gatherings. The property also includes a built-in garage with space for one vehicle, complemented by an inviting patio with an adjacent gas hook-up for grilling. This modern farmhouse-style condominium, with its three bedrooms and three and a half bathrooms, represents an exceptional opportunity for sophisticated living. Come visit this like-new, move-in ready condo that lives like a single family home. Note: some images, including exterior landscaping, have been digitally enhanced using artificial intelligence to improve clarity, lighting, color, or presentation. These enhancements are for marketing purposes only and may not precisely represent the property’s current condition. Buyers are encouraged to inspect the property in person.

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.

Immersive Experience

Property Details

Financials

Original Price$999,900
Annual Taxes$10,789
HOA Fee$125

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms8
FireplacesNone
FlooringWood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
BasementY

Climate & Utilities

HeatingCentral, Forced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningSR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Plumbed For Ice Maker

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

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

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

Flooring - Hardwood, Open Floorplan, Recessed Lighting, Slider

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Master Bedroom
Lvl Second

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Third

Vaulted Ceiling(s), Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting

Bathroom 2
Lvl Second

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 3
Lvl Third

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Property History

Price Drop
$965,000

Was $999,900

Jul 9, 2026

MLS® 73520978

Listed
$999,900

May 19, 2026

MLS® 73520978

Listed
$965,000

May 19, 2026

MLS® 73567948

Listing Provided By

Listing Agent: Frank Rubino

Listing Office: CMD Realty Group, LLC

MLS® Number: 73520978