
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First15.333333333 x 9.75
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl First12.666666666 x 9.916666666
Flooring - Hardwood, Open Floorplan
Kitchen
Lvl First15.333333333 x 18.916666666
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Office
Lvl Second7.166666666 x 9.583333333
Flooring - Hardwood, Attic Access, Lighting - Overhead
Primary Bedroom
Lvl Second13.25 x 11.416666666
Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Second13.25 x 10
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Hardwood, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup, Lighting - Sconce, Pedestal Sink
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Overhead
Listing Agent: Sabrina Carr Group
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73581924