5 Walnut St Wakefield — Photo 1 of 35
$749,900
Investment Analysis — 5 Walnut St
Wakefield, MA 01880 — West Side
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01880 carries an estimated $3,110/mo in gross rent — about a 2.75% cap rate and $20,620/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,358
Style
Single Family
Built
1910
Beautifully maintained Classic New England Colonial in a fabulous West Side neighborhood. Enter through a fabulous full width farmers porch to a gracious entry foyer and original staircase.The 1st floor pops with tastefully done black and white accents carried in from the front entrance The traditional colonial layout is enhanced with an expanded, nicely updated, expansive kitchen area. The eat-in kitchen features, partial cathedral ceiling, granite counters, newer stainless steel appliances, gas stove and recessed lighting.Additionally there is an oversized slider to a deck and the back yard. Formal dining room includes an original corner china cabinet, chair rail and hardwood floor. Three second floor bedrooms with a primary Br that has 2 closets including a huge walk-in. Additional updates include a Weil McLain gas boiler and a Roth oil tank. This popular location is approximately 1/3 of a mile to Moulton Playground and the Wakefield Station stop of the B&M commuter rail.
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: 679 sq ft (the lesser of 900 sq ft or half the 1,358 sq ft principal dwelling). Lot size: 4,356 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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Interior Specifications
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Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 13
Flooring - Hardwood, Open Floorplan
Dining Room
Lvl First14 x 14
Flooring - Hardwood
Kitchen
Lvl First20 x 13
Flooring - Hardwood, Balcony / Deck, Pantry, Countertops - Upgraded, Breakfast Bar / Nook, Exterior Access, Recessed Lighting, Slider, Half Vaulted Ceiling(s)
Primary Bedroom
Lvl Second14 x 13
Ceiling Fan(s), Walk-In Closet(s), Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl Second14 x 12
Bedroom 3
Lvl Second11 x 8
Closet, Flooring - Wood
Bathroom 1
Lvl First7 x 6
Bathroom - Tiled With Tub & Shower
Listing Agent: Christopher Barrett
Listing Office: Barrett, Chris. J., REALTORS®
MLS® Number: 73581832