9 Fosters Ln Wakefield — Photo 1 of 29
$800,000
Investment Analysis — 9 Fosters Ln
Wakefield, MA 01880
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01880 carries an estimated $3,430/mo in gross rent — about a 2.98% cap rate and $23,876/yr in estimated NOI at the $800,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
1,815
Style
Single Family
Built
1954
Tucked away on a quaint and quiet dead end side street: freshly painted home with a newer roof in the same family for 2 generations! Step inside to an open living, dining, and kitchen area featuring a cozy wood-burning fireplace, oak kitchen cabinets, a new kitchen floor, and beautiful hardwood floors throughout. The main level offers three generously sized bedrooms and a full shared bathroom, providing convenient single-level living with no stairs required. A bright sunroom off the kitchen leads to the rear deck, fenced level yard, and gazebo, creating a great space for relaxing or entertaining outdoors. The lower level can be accessed from inside the home or through a private rear entrance, making it well suited for multi-generational living. Currently configured as a self-contained area, it offers the flexibility of 3 additional flexible rooms, a separate living room, and a cooking area. The lower level has also been freshly painted throughout. This home offers plenty of space, versatility, and classic New England charm.
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 1,815 sq ft principal dwelling). Lot size: 8,494 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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Listing Agent: Jeremy Mcelwain
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73574366