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25 Days on market
41 Brook Street Wakefield — Photo 1 of 41

41 Brook Street Wakefield — Photo 1 of 41

$1,018,000

Investment Analysis — 41 Brook Street

Wakefield, MA 01880

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01880 carries an estimated $3,430/mo in gross rent — about a 2.14% cap rate and $21,760/yr in estimated NOI at the $1,018,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,503

Style

Single Family

Built

1955

This exceptional expanded ranch offers an impressive combination of space, character, thoughtful renovations, and an extraordinary outdoor setting on a beautiful oversized lot in Wakefield’s desirable West Side. Offering 2,500+ square feet of living space, four bedrooms, two full bathrooms, and room for future expansion, this warm and inviting home has been extensively upgraded over the past three years while maintaining its timeless charm. Inside, rich hardwood floors, exposed beams, distinctive hardwood ceilings, and welcoming living spaces create a wonderful sense of character throughout. The beautifully renovated lower level adds valuable finished living space and features a versatile bonus room plus an updated bathroom with an impressive double shower, providing flexibility for guests, recreation, a home office or extended living. Numerous recent improvements enhance both comfort and peace of mind, including a new dishwasher, new oil tank, and extensive updates throughout the home. Step outside and discover what truly sets this property apart: an incredible backyard that feels like a private retreat, beautifully landscaped and designed for both entertaining and everyday enjoyment. Cobblestone walkways wind through the grounds, complemented by striking granite accents, manicured landscaping, generous lawn space, and multiple areas to gather, relax, garden, or simply enjoy the privacy and beauty of the setting. The outdoor space is a rare find, offering the perfect backdrop for summer gatherings, quiet mornings, and memorable moments with family and friends. With its generous footprint, flexible floor plan, substantial lower-level living area, extensive recent renovations, and spectacular backyard with attached two car heated garage, this property delivers the space and lifestyle while offering exciting potential for future expansion. Warm, distinctive, and remarkably well cared for, this is a home that combines character with modern updates and delivers far more than meets the eye.

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 2,503 sq ft principal dwelling). Lot size: 22,215 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.

Immersive Experience

Property Details

Financials

Original Price$1,018,000
Annual Taxes$9,522

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms12
Fireplaces2
FlooringTile, Carpet, Concrete, Hardwood, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Walk-Out Access, Interior Entry, Garage Access

Climate & Utilities

HeatingBaseboard
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.51
SqFt Lot22,215
Lot FeaturesCleared, Gentle Sloping

Amenities & Appliances

Water Heater • Oven • Dishwasher • Disposal • Range • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Shopping • Park • Golf • Medical Facility • Laundromat • Bike Path

Geography

Floorplan Breakdown

Structural Layout

First
Bedroom 2Bedroom 3Bedroom 4
Basement
Family RoomBathroom 2
Main,First
Living RoomDining RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl Main,First

21.75 x 18.916666666

Beamed Ceilings, Flooring - Hardwood, Window(s) - Picture, Exterior Access

Dining Room
Lvl Main,First

11.333333333 x 11.083333333

Flooring - Hardwood, Chair Rail

Kitchen
Lvl Main,First

14.5 x 17.083333333

Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Deck - Exterior, Recessed Lighting, Remodeled, Stainless Steel Appliances

Family Room
Lvl Basement

14.083333333 x 19.916666666

Master Bedroom
Lvl Main,First

14.083333333 x 13.833333333

Ceiling Fan(s), Flooring - Hardwood

Bedroom 2
Lvl First

10.833333333 x 9.333333333

Bedroom 3
Lvl First

12.583333333 x 8.5

Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 4
Lvl First

9.5 x 15.5

Bathroom - Full, Beamed Ceilings, Flooring - Hardwood, Chair Rail, Beadboard

Bathroom 1
Lvl Main,First

9.916666666 x 7.166666666

Bathroom - Full, Bathroom - With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Double Vanity, Recessed Lighting, Remodeled, Wainscoting, Soaking Tub

Bathroom 2
Lvl Basement

10.5 x 8.333333333

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Recessed Lighting, Remodeled

Listing Provided By

Listing Agent: Alexis Winnell

Listing Office: Manderley Real Estate

MLS® Number: 73565136