
49A Chestnut St #3 Wakefield — Photo 1 of 42
Recent Drop: $26,000
$849,000
Investment Analysis — 49A Chestnut St #3
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 2.08% cap rate and $17,681/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
1,736
Style
Condominium
Built
2021
Welcome to a stunning penthouse residence built in 2022 that combines modern luxury, exceptional convenience, and effortless New England living. This spacious 4-bedroom, 2.5-bath home features beautiful finishes throughout, with hardwood flooring, an inviting fireplace, and a thoughtfully designed open-concept layout. At the heart of the home is a spectacular waterfall-edge kitchen island, perfect for entertaining, along with a stylish open-concept bar area that adds an extra touch of sophistication. The spacious living and dining areas flow seamlessly together, creating the ideal setting for both everyday living and hosting guests. Step outside to your private, spacious deck—an exceptional extension of the living space and the perfect spot to enjoy morning coffee, unwind after work, or entertain on warm summer evenings. The penthouse lifestyle continues with dedicated basement storage, providing plenty of space for bikes, seasonal items, and everything in between. And the location is truly a commuter’s dream. Just walking distance to the train, making the commute to Boston remarkably easy, while also putting you close to the natural beauty and recreation of Lake Quannapowitt, scenic jogging trails, parks, restaurants and everything beautiful downtown Wakefield has to offer!
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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondFlooring - Hardwood
Kitchen
Lvl SecondFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances
Master Bedroom
Lvl ThirdFlooring - Hardwood
Bedroom 2
Lvl ThirdBedroom 3
Lvl ThirdFlooring - Hardwood
Bedroom 4
Lvl ThirdFlooring - Hardwood
Bathroom 1
Lvl SecondBathroom 2
Lvl ThirdBathroom 3
Lvl ThirdProperty History
$849,000
Was $859,000
Sep 8, 2026
MLS® 73562393
$859,000
Was $875,000
Aug 26, 2026
MLS® 73562393
$875,000
Aug 12, 2026
MLS® 73562393
Listing Agent: Nick Motsis
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73562393
