
361 Salem St. #2 Wakefield — Photo 1 of 39
Recent Drop: $34,900
$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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstFlooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan, Recessed Lighting, Slider
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Master Bedroom
Lvl SecondBathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl ThirdVaulted Ceiling(s), Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting
Bathroom 2
Lvl SecondBathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl ThirdBathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Property History
$965,000
Was $999,900
Jul 9, 2026
MLS® 73520978
$999,900
May 19, 2026
MLS® 73520978
$965,000
May 19, 2026
MLS® 73567948
Listing Agent: Frank Rubino
Listing Office: CMD Realty Group, LLC
MLS® Number: 73520978