61 Myrtle Ave Wakefield — Photo 1 of 37
$774,900
Investment Analysis — 61 Myrtle Ave
Wakefield, MA 01880 — Greenwood Avenue to Myrtle Avenue or Cooper to Myrtle
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01880 carries an estimated $3,110/mo in gross rent — about a 2.57% cap rate and $19,948/yr in estimated NOI at the $774,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,550
Style
Single Family
Built
1900
Some homes just have personality — and 61 Myrtle Avenue has plenty of it. This charming turn-of-the-century Victorian offers architectural character, a flexible layout, and an expansive yard that is hard to find in Wakefield. Inside, period details blend nicely with many thoughtful recent updates. The main level features a comfortable living room, dining room, updated kitchen with new appliances, a bedroom, half bath, and a charming nook that works perfectly as a home office, reading space, or quiet retreat. Upstairs, you’ll find two additional bedrooms and a full bath. Outside is where this property really sets itself apart. The oversized yard offers plenty of room to entertain, garden, play, or simply enjoy your own outdoor space. Located just moments from the Greenwood commuter rail, the location is incredibly convenient for trips into Boston while keeping you close to everything Wakefield has to offer. Full of charm and anything but ordinary, 61 Myrtle Avenue offers a unique combination of character, space, updates, and convenience.
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: 775 sq ft (the lesser of 900 sq ft or half the 1,550 sq ft principal dwelling). Lot size: 19,476 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First14 x 14
Flooring - Wood, Cable Hookup, Lighting - Overhead
Dining Room
Lvl Main,First13 x 12
Closet, Flooring - Wood, Lighting - Overhead
Kitchen
Lvl Main,First14 x 11
Flooring - Wood, Countertops - Paper Based, Chair Rail, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Overhead, Beadboard
Master Bedroom
Lvl Main,Second14 x 12
Closet, Closet/Cabinets - Custom Built, Flooring - Wood, Window(s) - Bay/Bow/Box
Bedroom 2
Lvl Second13 x 11
Bedroom 3
Lvl First12 x 11
Closet, Flooring - Wood, Lighting - Sconce, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Laminate, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet/Cabinets - Custom Built, Flooring - Laminate, Pedestal Sink
Listing Agent: The Ternullo Real Estate Team
Listing Office: Leading Edge Real Estate
MLS® Number: 73574583
