20 W Water St, Wakefield MA 01880
Wakefield, MA 01880
$1,275,000
Est. $7,526/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Fabulous investment opportunity. Well maintained Wakefield four family building. 4 well laid out 1 bedroom apartments. All separate utilities. The unit have various layouts and function very well as rental apartments. The property is well sited in a great location between downtown and North Ave commuter rail station. The building is fully leased. Dual driveways provide ample parking for 8+ vehicles. Coin op laundry.
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Recently Sold Nearby
Price & Status History
Property Timeline
Listed for Sale
Oct 21, 2026
$1,275,000
Original listing
Agent: Christopher Barrett
Office: Barrett, Chris. J., REALTORS®
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/21/2026 | 🏠 Listed for Sale | $1,275,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,551 | $929,600 |
Financial Details
Annual Property Tax
$10,551
Tax Year 2025
Assessed Value
$929,600
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family - 4 Units Up/Down
Year Built
1893
Living Area
3,347 sq ft
Lot Size
0.19 acres
Stories
5
Bedrooms
4
Full Baths
4
Total Rooms
13
Investment Metrics
Units
4
Unit 1 Rent
$2,095/mo · Y
Unit 2 Rent
$2,100/mo · Y
Unit 3 Rent
$2,075/mo · Y
Unit 4 Rent
$2,150/mo · Y
Total Monthly Rent
$8,420/mo
Gross Income
$101,040
Net Operating Income
$93,605
Operating Expenses
$7,435
Water/Sewer Expense
$2,206
Electric Expense
$250
Insurance Expense
$4,979
Cap Rate
7.34%
Interior
Heating
Natural Gas, Oil
Cooling
None
Flooring
Wood, Plywood, Vinyl, Carpet, Varies, Hardwood
Appliances
Washer, Dryer, Range, Refrigerator
Fireplace
None
Basement
Full, Interior Entry, Concrete, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Laundry Room, Bathroom With Shower Stall, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Common, Driveway, Paved
Total Spaces
8
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$10,551
Assessed Value
$929,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Owner Pays Water Sewer And Common Area Electric. Public Record Reflects 16 Rooms With 8 Bedrooms. There Are Four 1 Bedroom Units With A Total Of 13 Rooms
Exclusions
Tenants Personal Property
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Tan
Sq Ft Source
Public Record
Sq Ft Disclosures
Public record
Documents
None
County
Middlesex
Property Overview
Property Type
4 Family - 4 Units Up/Down
Listing Type
For Sale
Year Built
1893
Bedrooms
4
Full Bathrooms
4
Living Area
3,347 sq ft
Total Rooms
13
Stories
5
Levels
5
Floor Layout
Interior Features
Flooring:
Wood, Plywood, Vinyl, Carpet, Varies, Hardwood
Appliances:
Washer, Dryer, Range, Refrigerator
Interior Features:
Laundry Room, Bathroom with Shower Stall, Living Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Interior Entry, Concrete, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1893
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Irregular
Stories:
5
Utilities & Systems
Heating:
Natural Gas, Oil
Heating Zones:
4
Cooling:
Hot Water:
Natural Gas, Varies Per Unit
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Varies per Unit
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Cleared, Gentle Sloping
Road Frontage:
75.00 ft
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
8
Parking Features:
Paved Drive, Off Street, Common, Driveway, Paved
Nearby Schools
School District
Wakefield School District local
A
School Safety
2024-25
0.5%
Low
0.5%
Suspensions
0.3%
In-School
5.0% below state avg
Elementary Schools
6 schools
St. Joseph Elementary School
0.3 mi
Grades PK-08
Early Childhood Center at the Doyle School
0.8 mi
115 students
Moderate
Grades PK
B+
Walton School
0.8 mi
|
#299 of 825
|
Score: 50.8
Improved 125 spots from last year
-7.4 below state avg
221 students
Less Diverse
Rising School
Strong Attendance
Grades K-04
A-
Woodville School
1.2 mi
|
#172 of 825
|
Score: 56.1
Improved 58 spots from last year
-2.1 below state avg
462 students
Moderate
Rising School
Grades PK-04
A
Dolbeare School
1.2 mi
|
#160 of 825
|
Score: 56.5
Improved 34 spots from last year
-1.7 below state avg
425 students
Less Diverse
Rising School
Strong Attendance
Grades K-04
A-
Greenwood School
1.6 mi
|
#203 of 825
|
Score: 54.6
Improved 46 spots from last year
-3.6 below state avg
209 students
Less Diverse
Rising School
Strong Attendance
Grades K-04
Middle Schools
1 school
A-
Galvin Middle School
0.2 mi
|
#80 of 352
|
Score: 51.9
Improved 4 spots from last year
-6.3 below state avg
1,076 students
Moderate
Strong Attendance
Grades 05-08
High Schools
4 schools
EMARC - Life Choices & Employment Services
0.2 mi
Grades 09-12
Nazareth Academy
0.9 mi
Grades 09-12
A-
Wakefield Memorial High School
1.4 mi
|
#80 of 346
|
Score: 63.2
Improved 15 spots from last year
+5 above state avg
871 students
Moderate
18 sports
• 1,930 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
B+
Northeast Metropolitan Regional Vocational High School
1.6 mi
|
#127 of 346
|
Score: 58.3
Improved 95 spots from last year
+0.1 above state avg
1,414 students
Diverse
17 sports
• 1,818 athletes
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$879
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
20 W Water St, Wakefield MA 01880
Wakefield, MA 01880
Listing Information
Listing Agent
Christopher Barrett
Listing Office
Barrett, Chris. J., REALTORS®
Office Phone
781-245-5011
Agent MLS ID
BB813103
Office MLS ID
B50201
Listing Data Updated
Oct 21, 2026 9:24 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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