Back to Search
Active
5 Days on market
39 Sylvan Ave Wakefield — Photo 1 of 27

39 Sylvan Ave Wakefield — Photo 1 of 27

$599,900

Investment Analysis — 39 Sylvan Ave

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 3.57% cap rate and $21,413/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,470

Style

Single Family

Built

1960

There’s something refreshing about a home that doesn’t look or feel like everything else. Set in a quiet Wakefield neighborhood abutting Crystal Lake, 39 Sylvan Ave has the kind of mid-century modern character that gives a home real personality. Large windows, distinctive lines and an interesting layout create a sense of openness and connection to the setting around it. The home offers three bedrooms, one and a half baths and approximately 1,470 square feet of living space. It does need updating, but that is also part of the opportunity — the original character is still here, ready for someone to bring their own vision to it. Seasonal water views become more noticeable once the leaves come down, and the commuter rail is just down the street for convenient access into Boston. Parking is provided by the one-car garage at street level, with stairs leading up to the home. For someone looking for a home with more personality and less of the ordinary, 39 Sylvan Ave offers a chance to create something truly special.

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: 735 sq ft (the lesser of 900 sq ft or half the 1,470 sq ft principal dwelling). Lot size: 6,194 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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$599,900
Annual Taxes$6,950

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms7
Fireplaces1
FlooringCarpet, Laminate, Hardwood, Flooring - Hardwood
BasementPartial

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock, Slab
ZoningGR

Property & Lot

Acres0.14
SqFt Lot6,194
Lot Features--

Amenities & Appliances

Tankless Water Heater • Range • Dishwasher • Disposal • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBathroom 2
First
Bedroom 2Bedroom 3
Main,First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl Main,First

17 x 16

Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Exterior Access, Open Floorplan

Dining Room
Lvl Main,First

12 x 8

Flooring - Wall to Wall Carpet, Exterior Access, Open Floorplan, Lighting - Overhead

Kitchen
Lvl Main,First

16 x 10

Flooring - Laminate, Countertops - Stone/Granite/Solid, Exterior Access

Primary Bedroom
Lvl Second

11 x 11

Vaulted Ceiling(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl First

13 x 11

Bedroom 3
Lvl First

13 x 12

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

Bathroom - Half, Flooring - Laminate, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: The Ternullo Real Estate Team

Listing Office: Leading Edge Real Estate

MLS® Number: 73584514