
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First21.75 x 18.916666666
Beamed Ceilings, Flooring - Hardwood, Window(s) - Picture, Exterior Access
Dining Room
Lvl Main,First11.333333333 x 11.083333333
Flooring - Hardwood, Chair Rail
Kitchen
Lvl Main,First14.5 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 Basement14.083333333 x 19.916666666
Master Bedroom
Lvl Main,First14.083333333 x 13.833333333
Ceiling Fan(s), Flooring - Hardwood
Bedroom 2
Lvl First10.833333333 x 9.333333333
Bedroom 3
Lvl First12.583333333 x 8.5
Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl First9.5 x 15.5
Bathroom - Full, Beamed Ceilings, Flooring - Hardwood, Chair Rail, Beadboard
Bathroom 1
Lvl Main,First9.916666666 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 Basement10.5 x 8.333333333
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Recessed Lighting, Remodeled
Listing Agent: Alexis Winnell
Listing Office: Manderley Real Estate
MLS® Number: 73565136
