$949,000
SOLD JUL 23, 2025

16 Chestnut St Wakefield, MA 01880

Downtown Wakefield Neighborhood
-- Bed
6 Baths
2,610 Sq Ft
8,037 Sq Ft Lot

Recently Sold

$364 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Wakefield
  • Living Room
  • Wood Flooring
  • 9 Fireplaces
  • Shops

About This Home

As of July 2025

Multi Unit Building in Convenient location walking distance to downtown and commuter transportation. Building consist of 4 studios, 1- 1 BR, and 1- 2 BR Building being sold as is and with tenants in place, (See attached Rent roll and Lease Information) Coin-Op laundry room in the building. Heat and Hot Water included. For all units. .On site parking for 7 cars. Unit Photos are Unit 6 and 6a Offers due Wed. June 11 at 2:00 PM

Last Agent to Sell the Property

Douglas Dodge

Coldwell Banker Realty - Lexington Listed on: 06/07/2025

Coldwell Banker Realty - Lexington

Last Buyer's Agent

Douglas Dodge

Coldwell Banker Realty - Lexington Listed on: 06/07/2025

Coldwell Banker Realty - Lexington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,096

Year Built

  • Built in 1900

Home Design

  • Studio
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 6 Full Bathrooms
  • Ceiling Fan
  • 9 Fireplaces
  • Living Room
  • Basement Fills Entire Space Under The House
  • Storm Doors
  • Range

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • 7 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Schools

  • Walton Elementary School
  • Galvin Middle School
  • Wakefield High School

Utilities

  • No Cooling
  • 6 Heating Zones
  • Baseboard Heating
  • 100 Amp Service

Additional Features

  • Rain Gutters
  • 8,037 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $7,250
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
  • Legal Lot and Block 0129 / 0162
  • Assessor Parcel Number 817111

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops

Building Details

  • Electric Expense $710
  • Insurance Expense $5,438
  • Water Sewer Expense $5,203
  • Operating Expense $48,226
  • Net Operating Income $43,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,096

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 6
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile, Vinyl, Varies, Laminate
  • Interior Amenities: Laundry Room, Ceiling Fan(s), Studio, Living Room, Kitchen
  • Door Features: Storm Door(s)
  • Fireplace YN: Yes
  • Fireplaces: 9
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • Above Grade Finished Sq Ft: 2610
  • Below Grade Sq Ft: 1179
  • Living Area: 2610
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 363.6
  • PRICE PER Sq Ft: 363.6
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Driveway
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: None
  • Heating: Baseboard
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 6
  • COOLING ZONES: 0
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Highway Access, T-Station
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5203

Lot Info

  • Parcel Number: 817111
  • Zoning: GR
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 8037
  • Lot Size Units: Acres
  • PAGE: 498

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 11096
  • Tax Block: 0162
  • Tax Book Number: 64874
  • Tax Lot: 0129
  • Tax Map Number: 0012

Multi Family

  • Electric Expense: 710
  • Gross Income: 87000
  • Insurance Expense: 5438
  • Net Operating Income: 43092
  • Number Of Units Total: 6
  • Operating Expense: 48226
  • Total Actual Rent: 7250
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 2

MLS Schools

  • High School: Wakefield High
  • Elementary School: Walton
  • Middle Or Junior School: Galvin

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Sold $949,000 0.0% $364 / Sq Ft
06/13/2025 06/13/25 Pending -- -- --
06/07/2025 06/07/25 For Sale $949,000 -- $364 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Douglas Dodge

    Coldwell Banker Realty - Lexington

    (781) 224-4444

    3 in this area

    13 Total Sales

    Douglas Dodge
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73387381

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Wakefield 01880 Downtown Wakefield

16 Chestnut St, Wakefield, MA

This home is located at 16 Chestnut St, Wakefield, MA 01880 and is currently priced at $949,000, approximately $363 per square foot. This property was built in 1900. 16 Chestnut St is a home located in Middlesex County with nearby schools including Wakefield Memorial High School, St Joseph School, and St. Patrick Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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