Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Active Under Contract

224 West Plain Street, Wayland MA 01778

$649,000

Estimated $2,261/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $324,500

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

1780

Total Parking: 2

14,000 (0.32)

Rare Lake Cochituate Opportunity! Limited waterfront inventory makes this an exceptional opportunity for investors, builders, contractors, or those seeking a premier lakefront location. Situated on beautiful Lake Cochituate, this two-family property has potential for stunning water views and direct lake access. Each unit offers 2 bedrooms, presenting flexible possibilities for future use or income potential. The property has been vacant for several years, and the current condition of the home and its systems are unknown. It is being sold as is, with no representations or warranties made by the seller. Whether you envision restoring the existing structure or creating a custom waterfront residence, opportunities like this on Lake Cochituate are increasingly rare. Enjoy breathtaking lake views, direct water access, and the chance to invest in one of Wayland's most desirable waterfront locations!

This home has been viewed 8 times

Last Checked: July 22nd, 2026 at 8:18am (Source: MLS PIN #73547966)

Gross Income: $0

Gross Expenses: $14,507

Net Income Calc: $14,507

Waterfront

Annual Expenses for 224 West Plain Street, Wayland MA 01778

Total Gross Expenses (Calculated)$14,507/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14507

Annual Income & Unit Breakdown for 224 West Plain Street, Wayland MA 01778

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 224 West Plain Street, Wayland MA 01778

Listing ID73547966

Property TypeMulti Family / 2 Family

Price649000 ($364.61/SqFt)

Style2 Family - 2 Units Up/down

CityWayland

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total1780

Approximate Lot Size (Acres)0.32

Total Parking2

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPrivate Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR20

Water Views

Water Views Features

Waterfront1

Waterfront FeaturesRiver

Terms

Disclosures for 224 West Plain Street, Wayland MA 01778

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5E

ExclusionsPersonal Property

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 224 West Plain Street, Wayland MA 01778

Real Estate Taxes14507

Tax Year2026

Assessed Value$978,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 224 West Plain Street, Wayland MA 01778

Middle SchoolWayland Middle School

High SchoolWayland High School

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 224 West Plain Street, Wayland MA 01778

Agent

Name: Nancy Hurley

Office

Name: ERA Key Realty Services- Fram

Phone: 508-879-4474

Payment Calculator

, Interest

Property Taxes 1208.92

Principal & Interest 3998.93

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ERA Key Realty Services- Fram

Nancy Hurley

Agent Phone

Office Phone

(508) 879-4474

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.32 acres (14,000 SqFt)
    [add_date] => 2026-07-11 08:58:31
    [address] => West Plain Street
    [agent] => Array
        (
            [address] => 12 Old Tavern Road
            [city] => Wayland
            [id] => BB809461
            [name] => Nancy Hurley
            [national_association] => 449530197
            [office] => K01220
            [state] => MA
            [zip] => 01778
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 1780
    [approx_lot_size_acres] => 0.32
    [approx_lot_size_sqft] => 14000
    [assessed_value] => $978,200
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 4
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 2 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Wayland
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Rare Lake Cochituate Opportunity! Limited waterfront inventory makes this an exceptional opportunity for investors, builders, contractors, or those seeking a premier lakefront location. Situated on beautiful Lake Cochituate, this two-family property has potential for stunning water views and direct lake access. Each unit offers 2 bedrooms, presenting flexible possibilities for future use or income potential. The property has been vacant for several years, and the current condition of the home and its systems are unknown. It is being sold as is, with no representations or warranties made by the seller. Whether you envision restoring the existing structure or creating a custom waterfront residence, opportunities like this on Lake Cochituate are increasingly rare. Enjoy breathtaking lake views, direct water access, and the chance to invest in one of Wayland's most desirable waterfront locations!
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Personal Property
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => Wayland High School
    [horse_features] => Array
        (
            [0] => River
        )

[horse_permitted] => 0
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2026-07-22 08:18:35
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
            [0] => None
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 2
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => Wayland Middle School
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73547966
    [neighborhoods] => 
    [net_income_calc] => -14507
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 2
    [office] => Array
        (
            [id] => K01220
            [name] => ERA Key Realty Services- Fram
            [phone] => 508-879-4474
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 649000
    [price_per_sqft] => 364.61
    [price_per_unit] => 324500
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 2 Family - 2 Units Up/down
        )

[real_estate_tax] => 14507
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 8
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Private Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Active Under Contract
        )

[street_number] => 224
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 1
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 1
    [tag_waterview] => 
    [tax_year] => 2026
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => E
    [total_gross_expense] => 14507
    [total_gross_income] => 0
    [total_parking] => 2
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 2
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 2
    [unit_2_floor] => 1
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 224 West Plain Street, Wayland MA 01778
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => 1
    [waterfront_features] => Array
        (
            [0] => River
        )

[year_built] => 1920
    [year_built_details] => Actual
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01778
    [zips] => 
    [zoning] => R20
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/800790/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=8
            [8] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=9
            [9] => https://media.mlspin.com/photo.aspx?mls=73547966&w=1024&h=768&n=10
        )

[raw] => 
)

EXIT

8 More Photos