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60 Prospect St Wakefield — Photo 1 of 41

60 Prospect St Wakefield — Photo 1 of 41

$769,900

Investment Analysis — 60 Prospect St

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 2.61% cap rate and $20,057/yr in estimated NOI at the $769,900 list price. Adjust every assumption in the calculator below.

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Beds

3

Baths

1.5

SqFt

1,873

Style

Single Family

Built

1940

Story book brick Cape Cod set of the street with stonewalls, on a professionally manicured corner lot, located on the West Side close to to the lake and major routes. Freshly painted and featuring gleaming hardwood floors, a fireplaced living room, formal dining and eat in kitchen, 1st floor bedroom and bath with mudroom of kitchen. Two ample second floor bedrooms, a finished lower level with two rooms and a 3/4 bath. Don't moss this chance to make it yours.

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 1,873 sq ft principal dwelling). Lot size: 9,021 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 MLS and other third-party data may be inaccurate or out of date.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.

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Property Details

Financials

Original Price$769,900
Annual Taxes$8,306

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms8
Fireplaces1
FlooringVinyl, Carpet, Hardwood, Flooring - Hardwood, Flooring - Vinyl
BasementFull, Partially Finished, Interior Entry, Garage Access

Climate & Utilities

HeatingBaseboard, Electric Baseboard, Hot Water, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningSR

Property & Lot

Acres0.21
SqFt Lot9,021
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3
First
Living RoomDining RoomKitchenPrimary BedroomBathroom 1
Basement
OfficeFamily RoomBathroom 2
Living Room
Lvl First

17 x 13

Flooring - Hardwood

Dining Room
Lvl First

13.5 x 11

Flooring - Hardwood

Kitchen
Lvl First

14 x 12.11

Flooring - Vinyl

Office
Lvl Basement

9.11 x 12.1

Bathroom - 3/4, Closet, Flooring - Vinyl, Recessed Lighting

Family Room
Lvl Basement

13.9 x 12.1

Flooring - Vinyl, Recessed Lighting

Primary Bedroom
Lvl First

15 x 11

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

14 x 15

Bedroom 3
Lvl Second

15 x 10

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

6 x 9

Bathroom - Tiled With Tub & Shower

Bathroom 2
Lvl Basement

5 x 6

Bathroom - 3/4

Listing Provided By

Listing Agent: Michael Barrett

Listing Office: Barrett, Chris. J., REALTORS®

MLS® Number: 73578508