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39 Lot-1 Montrose Ave Wakefield — Photo 1 of 42

$850,000

Investment Analysis — 39 Lot-1 Montrose Ave

Wakefield, MA 01880 — Montrose

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01880 carries an estimated $2,080/mo in gross rent — about a 1.28% cap rate and $10,885/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.

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Residential

Built

New to Market! Rare opportunity to own an expansive 3.12-acre private oasis, perfect for a single-family estate. A long, scenic driveway creates a beautiful entryway to a deeply private lot featuring a massive, landscaped yard. Due to frontage constraints and conservation wetlands, this sprawling acreage is ideally suited as a single, ultra-private single family lot with the incredible flexibility to add a separate detached ADU building for extended family. The property currently includes a charming, highly livable 3 bed, 2 full bath Cape style home with a newer roof and a modernized kitchen, allowing you to live comfortably or collect rental income while finalizing your architectural plans. Bring your vision to life on this massive lot by building a detached garage, installing an expansive pool, or clearing the site entirely to construct your brand-new custom luxury estate. This unique parcel provides an unmatched canvas of space, privacy, and long-term potential just minutes from local shopping and highway access. Buyer to perform all due diligence regarding building layout, frontage, and ADU permitting. Open House Sunday 10/04 2:00PM-3:30PM.

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 MLS and other third-party data may be inaccurate or out of date.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.