
14 W Water St #1 Wakefield — Photo 1 of 39
$349,900
Investment Analysis — 14 W Water St #1
Wakefield, MA 01880
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01880 carries an estimated $2,180/mo in gross rent — about a 3.85% cap rate and $13,478/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
696
Style
Condominium
Built
1910
Welcome home to this sun-filled 2-level condo offering flexible living spaces and fantastic convenience in Wakefield—a wonderful option for an owner-occupant or a savvy investment opportunity! Freshly painted throughout, the main level features an open-concept living area bathed in natural light through a bright bay window. The open layout flows seamlessly into a well-appointed kitchen complete with upgraded cabinetry, tile flooring, and a breakfast bar perfect for morning coffee or casual dining. A spacious main bedroom with a large closet and a full tiled bath with tub & shower complete the primary living level. Head down the spiral staircase to find a versatile lower-level home office with a separate entry—ideal for a dedicated home office, hobby space, or extra room to unwind. Enjoy low-maintenance condo living with 1+ assigned off-street parking spaces, plus common laundry and extra storage on-site. Unbeatable location near downtown, Wakefield Station, Lake Quannapowitt, shopping, parks, trails, and highway access!
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Laminate, Window(s) - Bay/Bow/Box, Open Floorplan
Dining Room
Lvl FirstFlooring - Laminate, Breakfast Bar / Nook
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Cabinets - Upgraded
Office
Lvl BasementFlooring - Laminate
Master Bedroom
Lvl Main,FirstFlooring - Laminate
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet
Listing Agent: Kim Covino & Co. Team
Listing Office: Compass
MLS® Number: 73574950
