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4 Hillside Ave Wakefield — Photo 1 of 42

4 Hillside Ave Wakefield — Photo 1 of 42

$824,900

Investment Analysis — 4 Hillside Ave

Wakefield, MA 01880 — West Side

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 2.48% cap rate and $20,432/yr in estimated NOI at the $824,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,924

Style

Single Family

Built

1889

Beautiful and spacious West Side home with stick-style Victorian architecture and exceptional period details. This home offers an intricate exterior with decorative stickwork, fish-scale shingles, turned columns, decorative brackets, unique corner tower with pyramidal roof, stained glass, a box window and a large covered front porch. Inside you’ll find timeless period details including a beautiful antique staircase, tall ceilings, handsome deep moldings and tall windows that flood the home with natural light. There are double parlors and a beautiful dining room with a circa 1910 mural open to the kitchen that offers double ovens and a GAS cooktop. Off the kitchen is a large gorgeous private bluestone patio that is like having an extra room as well as a young and sizable quality shed and a wonderful spacious fenced flat grassy area. Upstairs you’ll find 3 good size bedrooms on the second floor and a large bonus room in attic with a closet as well as access to a raw storage space. SO well located just a few blocks from the Commuter Rail and bus as well as close to restaurants, shopping, seasonal Farmers Market, Lake Quannapowitt and all of the fun activities that happen Downtown and at “The Lake” throughout the year. Don’t miss this opportunity to own a home with incredible character, excellent indoor and outdoor space located in a highly desirable area.

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 1,924 sq ft principal dwelling). Lot size: 9,322 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.

Open Houses

Property Details

Financials

Original Price$824,900
Annual Taxes$7,931

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms8
FireplacesNone
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementFull

Climate & Utilities

HeatingHot Water, Oil, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSR

Property & Lot

Acres0.21
SqFt Lot9,322
Lot FeaturesOther

Amenities & Appliances

Gas Water Heater • Oven • Dishwasher • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

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

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood

Kitchen
Lvl First

Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Exterior Access, Stainless Steel Appliances

Master Bedroom
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Second

Bathroom - Full

Listing Provided By

Listing Agent: Laurie Hunt

Listing Office: North Star RE Agents, LLC

MLS® Number: 73574683