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54 Emerson Street Wakefield — Photo 1 of 38

54 Emerson Street Wakefield — Photo 1 of 38

$864,900

Investment Analysis — 54 Emerson Street

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 2.32% cap rate and $20,041/yr in estimated NOI at the $864,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,097

Style

Single Family

Built

1930

Some houses feel loved before you even step through the door, and 54 Emerson is one of them. This sun-filled and spacious classic New England Colonial has spent recent years being thoughtfully updated from the outside in, with a new roof, new windows and new siding, giving the home a refreshed exterior and added peace of mind for years to come. Inside, the new heating and central air systems provide comfort in every season, while the gas fireplace adds the perfect touch of ambiance and warmth. Beyond the home's major systems, the owners thoughtfully updated and reimagined several of its most-used spaces. The third floor was remodeled into a lovely retreat, complete with a walk-in closet, Murphy beds, full bath and private balcony, it's a space ready to adapt to the way you live. The second-floor bathroom was updated for a more modern feel and the sun room was transformed into a bright, flexible space, even the entryway was refreshed to create a warm, welcoming first impression the moment you walk in. Layered over all of that is a super convenient location that makes everyday life easier. You're a short distance from the MBTA Commuter Rail, with direct service into Boston's North Station—a genuine alternative to the drive for anyone commuting into the city. Convenient access to Routes 95, 93 and Route 1 keeps the rest of the region within easy reach for those commuting by car. And when the workday is done, downtown Wakefield is close by for dinner out, a walk around Lake Quannapowitt, or simply running errands without a long drive. It's a home where so much of the hard work has already been done—leaving you with the fun part: making it 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 2,097 sq ft principal dwelling). Lot size: 6,887 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.

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Property Details

Financials

Original Price$864,900
Annual Taxes$8,322

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
Fireplaces1
Flooring--
BasementUnfinished

Climate & Utilities

HeatingBaseboard, Natural Gas, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter, Block
ZoningGR

Property & Lot

Acres0.16
SqFt Lot6,887
Lot Features--

Amenities & Appliances

Electric Water Heater • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Third
Family RoomBedroom 3Bathroom 2
Second
Primary BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchenBathroom 3
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl Third
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Third

Bathroom - 3/4

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Bathroom 2
Lvl Third

Bathroom - 3/4, Bathroom - Tiled With Shower Stall

Bathroom 3
Lvl First

Bathroom - Half

Listing Provided By

Listing Agent: Kristi Connors Taylor

Listing Office: Coldwell Banker Realty - Lexington

MLS® Number: 73575936