93 Butler Ave Wakefield — Photo 1 of 40
$899,000
Investment Analysis — 93 Butler Ave
Wakefield, MA 01880
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 2.06% cap rate and $18,543/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,533
Style
Single Family
Built
1937
A very pretty home nestled in a beautiful setting, set back from the road providing a wonderful sense of privacy and excellent parking. Phenomenal flexible floor plan allowing for 3 bedrooms with potential for another bedroom/primary suite on the first floor or use the space as two family rooms as the current owner does. This home has charming details, including gum wood and a lovely fireplace in the living room that blends beautifully with two spacious family room additions. A sizable 2 car HEATED garage adds valuable storage and convenience. The back yard with inground pool provides a private setting to relax or a wonderful space to host gatherings. GAS cooking and heat! Second lot (89 Butler Ave) included in sale. Just about 1 mile to downtown and bus, under a mile to Sullivan Park, easy access to highway and less than 2 miles to Market Street Lynnfield.
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 2,533 sq ft principal dwelling). Lot size: 28,702 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First15.2 x 13
Flooring - Hardwood
Dining Room
Lvl First12.1 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl Main,First15.8 x 13.1
Flooring - Hardwood, Deck - Exterior, Exterior Access
Family Room
Lvl Main,First22.1 x 19.11
Bathroom - Full, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Balcony / Deck, French Doors, Exterior Access
Primary Bedroom
Lvl Second14 x 11.1
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second11.5 x 8.7
Bedroom 3
Lvl Second10.6 x 10.5
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - Full, Dryer Hookup - Gas, Washer Hookup
Bathroom 2
Lvl SecondFlooring - Stone/Ceramic Tile
Listing Agent: Laurie Hunt
Listing Office: North Star RE Agents, LLC
MLS® Number: 73581169