314 Water St #6 Wakefield — Photo 1 of 18
Recent Drop: $5,000
$340,000
Investment Analysis — 314 Water St #6
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 3.42% cap rate and $11,636/yr in estimated NOI at the $340,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
596
Style
Condominium
Built
1900
Top-floor 1-bedroom, 1-bath condo ideally situated near Route 1, downtown Wakefield, and the commuter rail, offering convenience for both commuters and those looking to enjoy everything the area has to offer. This bright and inviting home features an efficient layout with a comfortable living room, an eat-in kitchen, a spacious bedroom, and a full bath. The top-floor location provides added privacy and abundant natural light throughout. Heat and hot water are included in the condo fee, helping simplify monthly expenses. Additional storage unit in basement. The professionally managed six-unit association offers low-maintenance living in a desirable location with easy access to restaurants, shops, parks, Lake Quannapowitt, and major highways. Whether you're a first-time homebuyer or downsizer this condo presents an excellent opportunity to own in one of Wakefield's most convenient locations.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Bike Path
Geography
Property History
$340,000
Was $345,000
Aug 24, 2026
MLS® 73556036
$345,000
Jul 28, 2026
MLS® 73556036
Listing Agent: The Movement Group
Listing Office: Compass
MLS® Number: 73556036
