370 Albion St Wakefield — Photo 1 of 35
$749,900
Investment Analysis — 370 Albion St
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 2.64% cap rate and $19,780/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,568
Style
Single Family
Built
1965
Spacious 3-bedroom, 2-bath ranch on a large corner lot in a convenient location! Offering one-level living possibilities, this home welcomes you into a bright, oversized living room with an open layout and abundant natural light. The generously sized primary bedroom, two additional bedrooms, and a inviting 3-season sunroom provide comfortable living space. A full in-law apartment offers exceptional flexibility for extended family, guests, or potential income. Additional features include central air and a one-car garage. Located just 0.8 miles from the commuter rail with easy access to major highways, Lake Quannapowitt, and the vibrant downtown with shopping and dining. A wonderful opportunity to make this home your own!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,568 sq ft principal dwelling). Lot size: 12,314 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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
Gas Water Heater • Range • Oven • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Gas Cooktop
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 17
Flooring - Wall to Wall Carpet, Window(s) - Picture
Dining Room
Lvl First13 x 9
Ceiling Fan(s), Flooring - Wall to Wall Carpet, Window(s) - Picture
Kitchen
Lvl First17 x 13
Flooring - Wall to Wall Carpet, Window(s) - Picture
Family Room
Lvl Basement25 x 14
Flooring - Laminate, Wet Bar
Primary Bedroom
Lvl First17 x 13
Walk-In Closet(s), Flooring - Hardwood, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First15 x 13
Bedroom 3
Lvl First11 x 11
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First13 x 7
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Laminate, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Basement7 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Keith Marhafer
Listing Office: Keller Williams Realty North Central
MLS® Number: 73553504