306 Main Street, Wakefield MA 01880
Wakefield, MA 01880
$1,550,000
Est. $9,273/month
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About this home
Don’t miss this rare opportunity to acquire a turnkey, income-producing asset in the heart of Wakefield—combining established tenancy, commercial flexibility, recent renovations and an exceptional walkable location. This business-zoned, mixed-use property offers four 1-bedroom apartments plus first-floor commercial space, currently operating as a beauty salon, creating a compelling combination of residential and commercial income potential. All four apartments are leased providing established occupancy and income. Recent renovations include the commercial space and Unit 4 in 2025 and Units 2 and 3 in 2024. This property also offers off-street parking and the convenience of individual utilities. Ideally positioned directly across from the iconic Rockery and Wakefield Common, with downtown shopping, restaurants, cafés and public transportation just steps away. Lake Quannapowitt is also a short stroll away!
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Recently Sold Nearby
Property History
Market Insights
26.5%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Aug 18, 2026
$1,550,000
Original listing
Office: Century 21 North East
Previous Transaction - MLS #72930983
Full transaction history available when tracking began
Previously Sold
Mar 30, 2022
$1,140,000
MLS #72930983
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/18/2026 | 🏠 Listed for Sale | $1,550,000 | - | - | Original listing |
| 03/30/2022 | 🏷️ Previously Sold | $1,140,000 | - | - | MLS #72930983 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $14,819 | $1,129,000 |
Financial Details
Annual Property Tax
$14,819
Tax Year 2026
Assessed Value
$1,129,000
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family - 4 Units Up/Down
Year Built
1880
Living Area
3,542 sq ft
Lot Size
0.12 acres
Stories
5
Bedrooms
4
Full Baths
4
Half Baths
1
Total Rooms
16
Investment Metrics
Units
5
Unit 1 Rent
$2,276/mo · Y
Unit 2 Rent
$2,370/mo · Y
Unit 3 Rent
$2,370/mo · Y
Unit 4 Rent
$2,276/mo · Y
Total Monthly Rent
$9,292/mo
Gross Income
$135,504
Net Operating Income
$123,899
Operating Expenses
$11,605
Water/Sewer Expense
$1,981
Electric Expense
$2,474
Insurance Expense
$5,039
Cap Rate
7.99%
Interior
Heating
Electric
Cooling
Window Unit(s)
Flooring
Tile, Carpet
Appliances
Washer, Dryer, Range, Refrigerator
Fireplace
None
Basement
Full, Partially Finished, Interior Entry, Bulkhead, Concrete
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Paved
Total Spaces
6
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range
Financial
Annual Tax
$14,819
Assessed Value
$1,129,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Owner Pays For Water/sewer And Hot Water. Seller Makes No Representations. Buyers To Do Their Own Due Diligence. A 10 Ft Wide Mutual Passageway With 310 Main Street Was Recorded In The 1940 Deed.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
4 Family - 4 Units Up/Down
Listing Type
For Sale
Year Built
1880
Bedrooms
4
Full Bathrooms
4
Half Bathrooms
1
Living Area
3,542 sq ft
Total Rooms
16
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,542 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Carpet
Appliances:
Washer, Dryer, Range, Refrigerator
Interior Features:
Windows:
Basement:
Full, Partially Finished, Interior Entry, Bulkhead, Concrete
Laundry:
Security:
Construction & Materials
Year Built:
1880
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Electric
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Frontage:
146.00 ft
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Off Street, 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
3 schools
St. Joseph Elementary School
0.5 mi
Grades PK-08
B+
Walton School
0.7 mi
|
#293 of 824
|
Score: 51.0
Improved 131 spots from last year
-7.3 below state avg
218 students
Less Diverse
Rising School
Grades K-04
A
Dolbeare School
1.0 mi
|
#153 of 824
|
Score: 57.0
Improved 41 spots from last year
-1.2 below state avg
443 students
Less Diverse
Rising School
Grades K-04
Middle Schools
3 schools
A-
Galvin Middle School
0.4 mi
|
#79 of 352
|
Score: 52.1
Improved 5 spots from last year
-6.1 below state avg
1,056 students
Moderate
Strong Attendance
Grades 05-08
B+
Stoneham Central Middle School
1.9 mi
|
#132 of 352
|
Score: 46.3
Dropped 33 spots from last year
-11.9 below state avg
689 students
Moderate
Grades 05-08
A
Lynnfield Middle School
2.3 mi
|
#58 of 352
|
Score: 55.5
Improved 34 spots from last year
-2.7 below state avg
698 students
Moderate
Rising School
Strong Attendance
Grades 05-08
High Schools
3 schools
EMARC - Life Choices & Employment Services
0.2 mi
Grades 09-12
Nazareth Academy
0.7 mi
Grades 09-12
A-
Wakefield Memorial High School
1.5 mi
|
#79 of 346
|
Score: 62.6
Improved 16 spots from last year
+4.4 above state avg
854 students
Moderate
18 sports
• 1,930 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,235
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
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Current Rate
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+0.5% Rate
$0/mo
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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
306 Main Street, Wakefield MA 01880
Wakefield, MA 01880
Listing Information
Listing Agent
Rachel Gallant
Listing Office
Century 21 North East
Office Phone
978-535-6500
Agent MLS ID
CN201317
Office MLS ID
AN4346
Listing Data Updated
Aug 17, 2026 8:22 PM 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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