45 Albion St, Wakefield MA 01880
Wakefield, MA 01880
$1,850,000
$1,290,000
Est. $7,986/month
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About this home
Virtually turn key office building in the Albion St., Wakefield Business district. Close proximity to downtown and commuter rail. 45 Albion St., has been completely renovated with new 2nd floor addition in 2024. New Hardie board siding, PVC trim, windows, roof, trex decking, plumbing, wiring, mini splits, life proof vinyl floors throughout and motion controlled security lighting. The 1,500 S/F 1st floor consists of 2 story open concept entry foyer with winding staircase, reception area, 5 offices, 2 lavs, 1 with exclusive office access. The 1,200 S/F 2nd flr has 4 offices, 2 lavs including 1 executive corner office w/ private lav and 22 foot open air open porch. The lower level is finished with a 25X14, conference room/kitchenette, office and utility room. Additionally, there is an outside employee patio and seating area. This building is ideally suited for a single use tenant but could fairy easily be morphed in a multi use tenant situation. Off-street parking for 10/11 cars.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
28.1%
Price Range
Property Timeline
Price Reduced
Jul 21, 2026
$1,290,000
$209,000
(-13.94%)
From $1,499,000 to $1,290,000 (-13.9%)
Price Reduced
May 27, 2026
$1,499,000
$196,000
(-11.56%)
From $1,695,000 to $1,499,000 (-11.6%)
Listed for Sale
Aug 19, 2025
$1,795,000
Original listing
Agent: Christopher Barrett
Office: Barrett, Chris. J., REALTORS®
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/21/2026 | ↓ Price Reduced | $1,290,000 | $209,000 | - | From $1,499,000 to $1,290,000 (-13.9%) |
| 05/27/2026 | ↓ Price Reduced | $1,499,000 | $196,000 | - | From $1,695,000 to $1,499,000 (-11.6%) |
| 08/19/2025 | 🏠 Listed for Sale | $1,795,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $15,160 | — |
Financial Details
Annual Property Tax
$15,160
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1900
Lot Size
0.13 acres
Investment Metrics
Gross Income
$96,000
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Water Available
Financial
Annual Tax
$15,160
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Rear Fence Line Is Beyond The Property Rear Lot Line. Current Absentee Tenant @ $8, 000 Nnn, Through March 1, 2027.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Middlesex
Property Overview
Listing Type
For Sale
Year Built
1900
Floor Layout
Interactive room guide
Floor Layout
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:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Frontage:
114.00 ft
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School information not available for this location.
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
$1,263
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
45 Albion 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
Aug 7, 2026 3:05 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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