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2 Days on market
78 Oak St Wakefield — Photo 1 of 42

78 Oak St Wakefield — Photo 1 of 42

$1,199,000

Investment Analysis — 78 Oak St

Wakefield, MA 01880

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 01880 carries an estimated $3,430/mo in gross rent — about a 1.67% cap rate and $20,039/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

3.5

SqFt

4,104

Style

Single Family

Built

1885

Welcome to 78 Oak Street, a home meticulously cared for and loved by the same family for generations. Inside, the main residence has an architectural richness that simply can’t be recreated in new construction. Exposed wood beams, warm natural materials, a gas fireplace and rooms with their own distinct character give the home a sense of history and permanence. The generous first floor allows plenty of space for cooking, gathering, working, relaxing and hosting, while three bedrooms are tucked upstairs. The indoor heated pool and hot tub make this property even more remarkable, offering a private place to swim, entertain, and unwind throughout the year. At the back of the home, a three-season room opens to a patio with a built-in grill and outdoor gas fireplace. Legally a two-family, the property lives more like a main residence with completely separate accommodations for extended family, guests or rental income. The private 1-2 bedroom apartment has its own entrance and basement, with no shared walls with the main house. An attached barn with loft sits between the two residences, providing substantial storage as well as exciting potential for future finishing or development. The expansive lot offers a broad, level yard around the house before rising up the hillside to elevated views. A two-car garage adds everyday practicality. All of this is set in Greenwood, one of Wakefield’s most convenient and coveted neighborhoods, .5 miles to the commuter rail, shops, restaurants and major routes. Rich in character and exceptionally versatile, 78 Oak Street is a home that could never be mistaken for anything ordinary!

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 4,104 sq ft principal dwelling). Lot size: 51,400 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

Original Price$1,199,000
Annual Taxes$11,243

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms13
Fireplaces1
FlooringWood, Tile
BasementFull

Climate & Utilities

HeatingNatural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter, Block, Stone
ZoningSR

Property & Lot

Acres1.18
SqFt Lot51,400
Lot FeaturesWooded

Amenities & Appliances

Oven • Dishwasher • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3
First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Property History

Listed
$1,199,000

Sep 15, 2026

MLS® 73577501

Listed
$1,199,000

Sep 15, 2026

MLS® 73577460

Listing Provided By

Listing Agent: Alexis Surpitski Macintyre

Listing Office: Ocean's Edge Real Estate

MLS® Number: 73577501