Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Active

306 Main Street, Wakefield MA 01880

$1,550,000

Estimated $3,748/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $310,000

Total Rent: 111504/year

Estimated CAP Rate:

4 Bedrooms

Baths

3542

Total Parking: 6

5,062 (0.12)

Don’t miss this rare opportunity to acquire a turnkey, income-producing asset in the heart of Wakefield—combining established tenancy, commercial flexibility, recent renovations and an exceptional walkable location. This business-zoned, mixed-use property offers four 1-bedroom apartments plus first-floor commercial space, currently operating as a beauty salon, creating a compelling combination of residential and commercial income potential. All four apartments are leased providing established occupancy and income. Recent renovations include the commercial space and Unit 4 in 2025 and Units 2 and 3 in 2024. This property also offers off-street parking and the convenience of individual utilities. Ideally positioned directly across from the iconic Rockery and Wakefield Common, with downtown shopping, restaurants, cafés and public transportation just steps away. Lake Quannapowitt is also a short stroll away!

This home has been viewed 5 times

Last Checked: September 14th, 2026 at 5:43pm (Source: MLS PIN #73564750)

Gross Income: $111,504

Gross Expenses: $25,363

Net Income Calc: $86,141

Water Views

Annual Expenses for 306 Main Street, Wakefield MA 01880

Total Gross Expenses (Calculated)$25,363/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14819

Annual Income & Unit Breakdown for 306 Main Street, Wakefield MA 01880

Total Gross Income (Calculated)$111,504

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 306 Main Street, Wakefield MA 01880

Listing ID73564750

Property TypeMulti Family / 4 Family

Price1550000 ($437.61/SqFt)

Style4 Family - 4 Units Up/down

CityWakefield

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3542

Approximate Lot Size (Acres)0.12

Total Parking6

Garage Parking0

Year Built1880

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB

Water ViewsYes

Water Views FeaturesBay

Waterfront0

Waterfront Features

Terms

Disclosures for 306 Main Street, Wakefield MA 01880

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator In Basement And Table In The Kitchen.

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 306 Main Street, Wakefield MA 01880

Real Estate Taxes14819

Tax Year2026

Assessed Value$1,129,000

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 306 Main Street, Wakefield MA 01880

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 306 Main Street, Wakefield MA 01880

Agent

Name: Rachel Gallant

Office

Name: Century 21 North East

Phone: 978-535-6500

Payment Calculator

, Interest

Property Taxes 1234.92

Principal & Interest 9550.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Rachel Gallant

Agent Phone

Office Phone

(978) 535-6500

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.12 acres (5,062 SqFt)
    [add_date] => 2026-09-14 17:43:35
    [address] => Main Street
    [agent] => Array
        (
            [address] => 177 Main Street
            [city] => Lynnfield
            [id] => CN201317
            [name] => Rachel Gallant
            [national_association] => 454007301
            [office] => AN4346
            [state] => MA
            [zip] => 01940
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
            [0] => Range
        )

[approx_living_area_total] => 3542
    [approx_lot_size_acres] => 0.12
    [approx_lot_size_sqft] => 5062
    [assessed_value] => $1,129,000
    [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] => 4 Family
        )

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

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

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => Array
        (
            [0] => 1
            [1] => Split
        )

[cooperating_agent_commission] => Array
        (
        )

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

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Don’t miss this rare opportunity to acquire a turnkey, income-producing asset in the heart of Wakefield—combining established tenancy, commercial flexibility, recent renovations and an exceptional walkable location. This business-zoned, mixed-use property offers four 1-bedroom apartments plus first-floor commercial space, currently operating as a beauty salon, creating a compelling combination of residential and commercial income potential. All four apartments are leased providing established occupancy and income. Recent renovations include the commercial space and Unit 4 in 2025 and Units 2 and 3 in 2024. This property also offers off-street parking and the convenience of individual utilities. Ideally positioned directly across from the iconic Rockery and Wakefield Common, with downtown shopping, restaurants, cafés and public transportation just steps away. Lake Quannapowitt is also a short stroll away!
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

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

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

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Refrigerator In Basement And Table In The Kitchen.
        )

[exterior_features] => Array
        (
        )

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

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

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

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

[frontage_length] => 146.00
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

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

[high_school] => 
    [horse_features] => Array
        (
        )

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

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

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2026-09-14 17:43:35
    [laundry_features] => Array
        (
        )

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

[lease_term] => Array
        (
        )

[levels_in_unit] => 5
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

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

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

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73564750
    [neighborhoods] => 
    [net_income_calc] => 86141
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 5
    [office] => Array
        (
            [id] => AN4346
            [name] => Century 21 North East
            [phone] => 978-535-6500
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

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

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

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

[perc_test] => Array
        (
        )

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

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

[price] => 1550000
    [price_per_sqft] => 437.61
    [price_per_unit] => 310000
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 4 Family - 4 Units Up/down
        )

[real_estate_tax] => 14819
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Heat
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 16
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

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

[street_number] => 306
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 1
    [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] => 
    [tag_waterview] => 1
    [tax_year] => 2026
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 25363
    [total_gross_income] => 111504
    [total_parking] => 6
    [trash_expense] => Array
        (
        )

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

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

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

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

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

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 1
    [unit_3_floor] => 2
    [unit_3_lease] => Array
        (
            [0] => Y
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 1 Full
    [unit_4_bedrooms] => 1
    [unit_4_floor] => 3
    [unit_4_lease] => Array
        (
            [0] => Y
        )

[unit_4_levels] => 1
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 306 Main Street, Wakefield MA 01880
    [utilities] => Array
        (
            [0] => 110 Volts
        )

[view] => Array
        (
        )

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

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => Yes
        )

[water_views_features] => Array
        (
            [0] => Bay
        )

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

[year_built] => 1880
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01880
    [zips] => 
    [zoning] => B
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/816227/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73564750&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73564750&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73564750&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73564750&w=1024&h=768&n=5
        )

[raw] => 
)

EXIT

3 More Photos

Active

306 Main Street, Wakefield MA 01880

$1,550,000

Annual Expenses for 306 Main Street, Wakefield MA 01880

Annual Income & Unit Breakdown for 306 Main Street, Wakefield MA 01880

General Information for 306 Main Street, Wakefield MA 01880

Disclosures for 306 Main Street, Wakefield MA 01880

Financial Information for 306 Main Street, Wakefield MA 01880

Location Information for 306 Main Street, Wakefield MA 01880

Contact Information for 306 Main Street, Wakefield MA 01880

Agent

Office

Payment Calculator

Exclusive Listing Agent

Century 21 North East

Rachel Gallant