
2 Rosemary Ave Wakefield — Photo 1 of 42
$879,900
Investment Analysis — 2 Rosemary Ave
Wakefield, MA 01880
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01880 carries an estimated $3,430/mo in gross rent — about a 2.55% cap rate and $22,424/yr in estimated NOI at the $879,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,090
Style
Single Family
Built
1977
Absolutely move-in ready, 9 room colonial situated in a highly convenient location close to Woodville elementary school, the upcoming state-of-the- art high school and Northeast regional vocational school. Offering a quick drive to routes 95 and 1, this property ensures effortless commutes to Boston or Logan Airport. Inside, this mint-condition home showcases a thoughtful layout, an updated 200 amp electrical service, and a comprehensive security and fire alarm system for total peace of mind. Guests are welcomed by front granite steps with custom wrought iron railings and elegant stone accents. Off the side entry, an awesome mudroom serves as a perfect drop zone for winter boots and coats. The main level features a beautiful mix of cherry hardwood and tile flooring. At the heart of the home, the dining room connects the living spaces perfectly, bordered by the warm living room with a cozy fireplace on one side, delightful three season porch, and the kitchen on the other. The kitchen comes fully equipped with custom cherry cabinets, an induction cooktop, a convection wall oven, and a spectacular glass tile backsplash. A sliding glass door off the dining room leads directly into the sunlit 3 season porch, offering a perfect layout for seamless, indoor- outdoor entertaining near the convenient main- level half bath. The second floor features four generously sized bedrooms with a mix of oak and cherry hardwood flooring and a new full bathroom. One of the bedrooms is currently configured as an ideal home office space making remote work a breeze. The home is equipped with central air-conditioning and a high efficiency heating system which was updated in 2019, and a new double wall oil tank installed in 2024. For extra utility head down to the clean, neat basement, which maximizes space with a workout area, abundant storage shelving and cabinets. Off the 3 season porch is an outdoor private oasis featuring a custom Belgard paver patio for entertaining leading to a highly unique hilled backyard. Elegant granite steps guide you up the hillside through mature plantings. The fully enclosed backyard features vinyl and wrought iron fencing, as well as a storage shed and a secure dog enclosure at the top of the hill.
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: 900 sq ft (the lesser of 900 sq ft or half the 2,090 sq ft principal dwelling). Lot size: 17,725 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
Electric Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl null20 x 12
Flooring - Hardwood
Dining Room
Lvl nullFlooring - Hardwood, Recessed Lighting
Family Room
Lvl null19 x 14
Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Recessed Lighting
Primary Bedroom
Lvl Second19 x 15
Ceiling Fan(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second16 x 10
Bedroom 3
Lvl Second12 x 10
Flooring - Hardwood
Bedroom 4
Lvl Second12 x 10
Flooring - Hardwood
Bathroom 1
Lvl Second9 x 7
Bathroom - 3/4, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl First10 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile
Listing Agent: Gerald Barrett
Listing Office: Barrett, Chris. J., REALTORS®
MLS® Number: 73581592