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16 Chestnut, Wakefield MA 01880

$949,000

Estimated $2,463.47/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $158,166.67

Total Rent: 50400/year

Estimated CAP Rate: 0.65%

0 Bedrooms

6 Full Baths

2,610 SqFt

Total Parking: 7

8,037 SqFt

Multi Unit Building in Convenient location walking distance to downtown and commuter transportation. Building consist of 4 studios, 1- 1 BR, and 1- 2 BR Building being sold as is and with tenants in place, (See attached Rent roll and Lease Information) Coin-Op laundry room in the building. Heat and Hot Water included. For all units. .On site parking for 7 cars. Unit Photos are Unit 6 and 6a Offers due Wed. June 11 at 2:00 PM

This home has been viewed 19 times

Last Checked: June 14th, 2025 at 10:08am (Source: MLS PIN #73387381)

Gross Income: $50,400

Gross Expenses: $44,204

Net Income Calc: $6,196

CAP Rate: 0.65%

Annual Expenses for 16 Chestnut, Wakefield MA 01880

Total Gross Expenses (Calculated)$44,204/year

APOD AvailableYes

Heating$9,730

Electricity$710

Water$5,203

Gas$5,203

Insurance$5,438

Sewer$5,203

Trash Removal$2,705

Repair & Maintenance$3,411

Management$5,911

Miscellaneous

Real Estate Tax$11,096

Annual Income & Unit Breakdown for 16 Chestnut, Wakefield MA 01880

Total Gross Income (Calculated)$50,400

Unit 1

Rental Income$1,100

LeaseN

Bedrooms0

Bathrooms1 Full, 9 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 2

Rental Income$1,100

LeaseY

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 3

Rental Income$800

LeaseY

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 4

Rental Income$1,200

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

General Information for 16 Chestnut, Wakefield MA 01880

Listing ID73387381

Property TypeMulti Family / 5+ Family

Price$949,000 ($363.6/SqFt)

Style5-9 Family

CityWakefield

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,610 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking7

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningGR

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16 Chestnut, Wakefield MA 01880

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$48,226

Total Gross Income By Broker$87,000

Total Net Income By Broker$43,092

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 16 Chestnut, Wakefield MA 01880

Real Estate Taxes$11,096

Tax Year2025

Assessed Value$977,600

Financial Data SourceOwner

Total Gross Expenses By Broker$48,226

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$87,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$43,092

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.65%

Location Information for 16 Chestnut, Wakefield MA 01880

Elementary SchoolWalton

Middle SchoolGalvin

High SchoolWakefield High

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Public Transportation, T-station

Contact Information for 16 Chestnut, Wakefield MA 01880

Agent

Name: Douglas R. Dodge

MLS ID: B0421745

Office ID: AN6216

National Association ID: 448500249

Office

Name: Coldwell Banker Realty - Lexington

MLS Office ID: AN6216

Phone: 781-862-2600

Payment Calculator

, Interest

Property Taxes 924.67

Principal & Interest 5847.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Lexington

Douglas R. Dodge

Agent Phone

Office Phone

(781) 862-2600

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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    [team] => Array
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[terms] => Array
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    [trash_expense] => Array
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[uffi] => Array
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[water] => Array
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[water_views] => Array
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[water_views_features] => Array
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[year_built] => 1900
    [year_built_details] => Approximate
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    [zip] => 01880
    [zoning] => GR
    [zoning_details] => 
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                    [modified] => 2025-06-14 10:08:23
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                    [modified] => 2025-06-14 10:08:37
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)

EXIT

Pending

16 Chestnut, Wakefield MA 01880

$949,000

Annual Expenses for 16 Chestnut, Wakefield MA 01880

Annual Income & Unit Breakdown for 16 Chestnut, Wakefield MA 01880

General Information for 16 Chestnut, Wakefield MA 01880

Disclosures for 16 Chestnut, Wakefield MA 01880

Financial Information for 16 Chestnut, Wakefield MA 01880

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Coldwell Banker Realty - Lexington

Douglas R. Dodge