Active
24 Days on market
68 Preston Street #2C Wakefield — Photo 1 of 34

68 Preston Street #2C Wakefield — Photo 1 of 34

$317,500

Investment Analysis — 68 Preston Street #2C

Wakefield, MA 01880

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01880 carries an estimated $2,590/mo in gross rent — about a 4.00% cap rate and $12,702/yr in estimated NOI at the $317,500 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

763

Style

Condominium

Built

1982

Welcome to Preston Park, where comfortable condo living meets a convenient Wakefield location! This two-bedroom, one-bath garden-style unit offers an efficient, easy-to-enjoy layout with plenty of opportunity to make the space your own. The living and dining areas provide a comfortable setting for everyday living and entertaining, while two bedrooms offer flexibility for sleeping space, guests, or a home office. Assigned parking adds everyday convenience. Professionally managed Preston Park offers the ease of condominium living along with an in-ground swimming pool—perfect for relaxing and cooling off during the warmer months. A separate laundry building is conveniently located near the pool, while a unit-specific storage area at the rear of the property and dedicated bike storage provide valuable additional space. Inside, this unit is ready for its next chapter. The kitchen, bath and finishes offer opportunities for cosmetic updating, making this an ideal choice for buyers who would rather personalize a home than pay a premium for someone else’s choices. The old carpeting has already been removed, providing a head start on the transformation (new flooring to comply condo carpeting rules). Bring your ideas and create a space that feels truly yours! And the location is a real highlight. Enjoy nearby Lake Quannapowitt with its popular walking and jogging route, along with downtown Wakefield’s restaurants, cafés, shops, community activities and everyday conveniences. The Wakefield commuter rail station is approximately a mile away with service to Boston’s North Station, while convenient access to Routes 1 and 95/128 makes getting around Greater Boston and the North Shore easy. Whether you’re a first-time buyer, downsizing, or simply looking for a home you can update to reflect your own taste, this Preston Park condo offers an appealing combination of value, convenience, community amenities and potential. Come see the possibilities and imagine making it your own!

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$317,500
Annual Taxes$4,552
HOA Fee$530.55

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Hardwood
BasementN

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningGR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl First
Bedroom 2
Lvl First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: Angela Caputo Griswold

Listing Office: ERA Key Realty Services

MLS® Number: 73565324