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176 Nahant St Wakefield — Photo 1 of 27

176 Nahant St Wakefield — Photo 1 of 27

$619,000

Investment Analysis — 176 Nahant St

Wakefield, MA 01880

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01880 carries an estimated $2,590/mo in gross rent — about a 2.69% cap rate and $16,640/yr in estimated NOI at the $619,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1.5

SqFt

1,082

Style

Single Family

Built

1900

Turnkey, thoughtfully updated, and designed to make everyday living easy, this charming Colonial packs a lot into its well-utilized footprint. Step inside and you’re immediately drawn to the beautifully appointed kitchen with shaker cabinetry, gorgeous tile backsplash, stainless steel appliances, gas cooking, and plenty of storage. Southern exposure fills the home with natural light, while warm hardwood floors, recessed lighting, and central air add to its comfortable, easy feel. The first floor flows naturally from the living and dining rooms to an incredibly practical mudroom, giving everyday essentials a place to land, plus a half bath and conveniently located laundry. Upstairs, two comfortable bedrooms, a full bath, and a perfectly placed office nook make smart use of the space. Outside, the backyard feels like its own little retreat, with a patio and charming pergola, room to entertain, and the perfect spot for a hammock. Recent improvements, including a NEW ROOF, Cedar Impressions/vinyl siding, and hot water tank, add meaningful value and peace of mind, while a garage, ample parking and basement storage check even more boxes. Nestled just moments from vibrant downtown Wakefield, Lake Quannapowitt, Breakheart Reservation, the commuter rail, shops, dining and the farmer's market, this home puts the best of this community within easy reach.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 541 sq ft (the lesser of 900 sq ft or half the 1,082 sq ft principal dwelling). Lot size: 4,613 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$619,000
Annual Taxes$6,981

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Hardwood, Flooring - Hardwood
BasementFull, Walk-Out Access, Interior Entry, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningGR

Property & Lot

Acres0.11
SqFt Lot4,613
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
OfficePrimary BedroomBedroom 2Bathroom 2
First
Dining RoomKitchenBathroom 1
Main,First
Living Room
Living Room
Lvl Main,First

15.333333333 x 9.75

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

12.666666666 x 9.916666666

Flooring - Hardwood, Open Floorplan

Kitchen
Lvl First

15.333333333 x 18.916666666

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Office
Lvl Second

7.166666666 x 9.583333333

Flooring - Hardwood, Attic Access, Lighting - Overhead

Primary Bedroom
Lvl Second

13.25 x 11.416666666

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second

13.25 x 10

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Hardwood, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup, Lighting - Sconce, Pedestal Sink

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Overhead

Listing Provided By

Listing Agent: Sabrina Carr Group

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73581924