
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl FirstBathroom 1
Lvl FirstListing Agent: Angela Caputo Griswold
Listing Office: ERA Key Realty Services
MLS® Number: 73565324
