$599,000
Investment Analysis — 1 Wakefield Avenue
Saugus, MA 01906
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01906 carries an estimated $3,230/mo in gross rent — about a 4.04% cap rate and $24,184/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,342
Style
Single Family
Built
1910
Welcome to this charming bungalow on a desirable corner lot with updated systems, a fenced yard, and an oversized garage. This home welcomes you with an expansive sun porch with ceiling fans to keep you comfortable while watching the world go by. The front foyer has beautiful french doors that lead into the living room and dining room with newly refinished hardwood floors, ceiling fans, and high ceilings. The dining room boasts a built-in china cabinet and bow window as well. The eat-in-kitchen has multiple pantry closets for storage, upper and lower cabinets, and a picture window that overlooks the fully fenced yard. There is a first-floor full bath with tub and shower. The second floor has three good-size bedrooms with full ceiling height and an additional full bath with tub. There is attic access in the hall for storage. The full walk-out basement has a concrete floor, washer and dryer, and a recently updated forced air HVAC system for heat and air conditioning and an on-demand wall mount hot water heater. Plenty of room in the fenced level yard for parties, play and/or gardens. Other amenities include vinyl windows, vinyl siding, a storage shed, and an oversized detached garage with side entrance, room for storage, and a workshop table. Move right in and make this house your home!
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: 671 sq ft (the lesser of 900 sq ft or half the 1,342 sq ft principal dwelling). Lot size: 6,957 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
Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 11
Ceiling Fan(s), Flooring - Hardwood, French Doors
Dining Room
Lvl First15 x 13
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl First18 x 13
Closet/Cabinets - Custom Built, Flooring - Vinyl, Dining Area, Gas Stove
Primary Bedroom
Lvl Second13 x 11
Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl Second11 x 11
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First7 x 6
Bathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl Second10 x 5
Bathroom - Full, Bathroom - With Tub
Listing Agent: Rebecca Brennan
Listing Office: Better Homes and Gardens Real Estate - The Shanahan Group
MLS® Number: 73578088