
91 Cedar Street Wakefield — Photo 1 of 42
$985,000
Investment Analysis — 91 Cedar Street
Wakefield, MA 01880
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01880 carries an estimated $5,700/mo in gross rent — about a 4.35% cap rate and $42,831/yr in estimated NOI at the $985,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
2,835
Style
2 Family - 2 Units Up/Down
Built
1930
Pride of ownership shines throughout this well-maintained, turnkey two-family home in sought after Westside neighborhood! Offering an impressive 13 rooms, 5 bedrooms, and 3 full baths, 91 Cedar Street is an ideal opportunity for an owner-occupant, investor, or multigenerational household seeking space, flexibility, and income potential. Unit 1 features 5 rooms, 2 bedrooms, 1 full bath, an eat-in kitchen, and the convenience of in-unit laundry. Unit 2 offers 8 spacious rooms, 3 bedrooms, and 2 full baths, highlighted by a beautifully finished upper level dedicated to a private primary suite. This special retreat includes a sitting area with a vaulted, beamed ceiling, bedroom, full bath, and an impressive wall-to-wall cedar closet. Throughout the home, hardwood flooring, high ceilings, natural woodwork, updated kitchens, and charming period details create a warm and inviting feel. Custom built-in dining room cabinetry adds even more character. Separate utilities, laundry, and ample storage make the property especially convenient for both owners and tenants. Outside, enjoy a welcoming front porch, low-maintenance vinyl siding, a two-car garage, and a lovely backyard situated on a corner lot. A neighborhood park is just steps away. The location is hard to beat for commuters and those who want to enjoy everything Wakefield has to offer. Conveniently located near the commuter rail, vibrant Main Street, Lake Quannapowitt, shopping, dining, and major highways, this property offers easy access to Boston while maintaining the feel of a welcoming neighborhood.Whether you're looking to live in one unit while generating rental income from the other, accommodate extended family, or add a strong multi-family property to your portfolio, 91 Cedar Street offers space, character, convenience, and versatility in desirable Wakefield location.
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
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • Public School
Geography
Listing Agent: Meg Michaels
Listing Office: Residential Realty Group
MLS® Number: 73568201
