70 Montrose Ave Wakefield — Photo 1 of 33
Recent Drop: $24,100
$724,900
Investment Analysis — 70 Montrose Ave
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 2.92% cap rate and $21,202/yr in estimated NOI at the $724,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,754
Style
Single Family
Built
1963
Welcome to 70 Montrose Ave, a corner lot ranch situated alongside Wicker Lane and other exceptionally maintained homes in one of Wakefield's most desirable neighborhoods. This three-bedroom home with its open, sun-filled floor plan creates the perfect setting for everyday living and entertaining. The lower level provides additional living space with its finished family room featuring a second fireplace along with unfinished bonus rooms, ideal for use as an office, game room, workshop, or simple storage. Enjoy the sunroom and generous-sized deck, offering privacy and wonderful views of the protected wetlands, an ideal setting for outdoor entertainment. The expanded driveway accommodates six off-street parking spots for family and guests. Conveniently located one half mile from the new public high school and vocational schools and with proximity to major highways, shopping, and restaurants at Market Street and Breakheart Reservation, don't miss this opportunity!
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: 877 sq ft (the lesser of 900 sq ft or half the 1,754 sq ft principal dwelling). Lot size: 12,580 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Oven • Dishwasher • Disposal • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Conservation Area • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First18 x 15.25
Flooring - Hardwood, Lighting - Sconce
Dining Room
Lvl Main,First9 x 9
Flooring - Hardwood, Exterior Access, Open Floorplan, Lighting - Pendant
Kitchen
Lvl Main,First13.5 x 11.5
Flooring - Vinyl, Open Floorplan, Lighting - Overhead
Family Room
Lvl Basement14.5 x 13.5
Flooring - Wall to Wall Carpet, Recessed Lighting
Primary Bedroom
Lvl Main,First13 x 11.5
Flooring - Hardwood
Bedroom 2
Lvl Main,First11.5 x 10.75
Bedroom 3
Lvl Main,First11.5 x 10.75
Flooring - Hardwood
Bathroom 1
Lvl First8 x 8
Property History
$724,900
Was $749,000
Aug 31, 2026
MLS® 73550533
$749,000
Jul 15, 2026
MLS® 73550533
Listing Agent: James Fitzgerald
Listing Office: Barrett, Chris. J., REALTORS®
MLS® Number: 73550533