306 Main St Wakefield, MA 01880
Downtown Wakefield NeighborhoodEstimated payment $9,738/month
Highlights
- Medical Services
- Property is near public transit and schools
- Jogging Path
- Lake View
- Corner Lot
- 3-minute walk to Wakefield Common Park
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,819
Year Built
- Built in 1880
Lot Details
- 5,062 Sq Ft Lot
- Corner Lot
Home Design
- Quadruplex
- Stone Foundation
Interior Spaces
- 3,542 Sq Ft Home
- Lake Views
- Range
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 6 Car Parking Spaces
- Paved Parking
- 6 Open Parking Spaces
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Heating Available
- Separate Meters
Additional Features
- Bulkhead
- Property is near public transit and schools
Listing and Financial Details
- Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water hot water), unit 4(water hot water)
- Assessor Parcel Number 818418
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $2,474
- Insurance Expense $5,039
- Water Sewer Expense $1,981
- Operating Expense $11,605
- Net Operating Income $123,899
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $1,074,800 | $450,800 | $624,000 |
| 2024 | -- | $1,064,200 | $446,300 | $617,900 |
| 2023 | $0 | $966,600 | $405,400 | $561,200 |
| 2022 | $0 | $578,800 | $248,000 | $330,800 |
| 2021 | $0 | $555,700 | $223,800 | $331,900 |
| 2020 | $7,490 | $531,100 | $213,900 | $317,200 |
| 2019 | $0 | $501,100 | $201,800 | $299,300 |
| 2018 | $0 | $460,000 | $189,900 | $270,100 |
| 2017 | -- | $444,500 | $183,500 | $261,000 |
| 2016 | -- | $447,800 | $180,400 | $267,400 |
| 2015 | -- | $426,900 | $172,000 | $254,900 |
| 2014 | -- | $418,500 | $168,600 | $249,900 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/17/2026 08/17/26 | For Sale | $1,550,000 | +36.0% | $438 / Sq Ft | |
| 03/30/2022 03/30/22 | Sold | $1,140,000 | +4.1% | $322 / Sq Ft | View Prior Sale |
| 01/17/2022 01/17/22 | Pending | -- | -- | -- | |
| 01/04/2022 01/04/22 | For Sale | $1,095,000 | -- | $309 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,140,000 | None Available | |
| Deed | $283,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $912,000 | Purchase Money Mortgage | |
| Previous Owner | $60,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73564750
APN: WAKE-000017-000085-000084B
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.
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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