84 Spring St Wakefield — Photo 1 of 35
$1,200,000
Investment Analysis — 84 Spring St
Wakefield, MA 01880 — Greenwood
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01880 carries an estimated $3,430/mo in gross rent — about a 1.67% cap rate and $19,982/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
4,186
Style
Single Family
Built
1910
Inlaw, ADU or multigenerational living potential. Welcome to 84 Spring St, a spacious and beautifully updated Colonial offering over 4,100 sq. ft. of living space with room to truly spread out. This distinctive home blends classic character with modern updates and features 4+ bedrooms, 2.5 baths, hardwood floors, central air, and an exceptionally flexible floor plan. The bright, updated kitchen with large center island opens to expansive living and entertaining spaces, while the impressive primary suite offers a private retreat complete with a spa- like bath and unique custom details. Additional finished space in the lower level provides even more options for a home office, gym, playroom or recreation space. Outside, enjoy the welcoming front porch, beautifully landscaped grounds, fenced yard and attached garage. With generous room sizes, abundant natural light and thoughtful updates throughout, this is a home that offers both character and space in a wonderful Wakefield location.
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 4,186 sq ft principal dwelling). Lot size: 8,250 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Deck - Exterior
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood, Breakfast Bar / Nook
Office
Lvl ThirdFamily Room
Lvl BasementFlooring - Wood
Primary Bedroom
Lvl SecondBathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl SecondBedroom 4
Lvl ThirdBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Homegrown Realty Team
Listing Office: Citylight Homes LLC
MLS® Number: 73578692