42 Salem St #A Wakefield — Photo 1 of 29
$669,900
Investment Analysis — 42 Salem St #A
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 2.29% cap rate and $15,329/yr in estimated NOI at the $669,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,563
Style
Condominium
Built
1978
Enjoy the space and privacy of a single-family home with the ease of condo living at Unit A in Colonial Green Estates. This three-bedroom, 1.5-bath townhome offers three finished levels, including a finished basement with a separate bonus office, laundry, and storage. Central air, gas heat, private outdoor space, and two assigned parking spots directly in front make everyday living easy.The location is another major standout. Lake Quannapowitt and downtown Wakefield are approximately a five-minute walk away, with restaurants, coffee shops, scenic trails, community events, and the commuter rail nearby. Market Basket, Whole Foods, Stop & Shop, MarketStreet Lynnfield, and I-95 are also within easy reach.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Laundromat • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First19.666666666 x 14.333333333
Closet, Flooring - Hardwood, Exterior Access, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Main,First19.666666666 x 13.75
Flooring - Stone/Ceramic Tile, Dining Area, Exterior Access, Recessed Lighting, Lighting - Overhead
Family Room
Lvl Basement18.25 x 14.5
Flooring - Vinyl, Recessed Lighting
Primary Bedroom
Lvl Second14.75 x 11.333333333
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second13.75 x 11.333333333
Bedroom 3
Lvl Second11.416666666 x 8
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,First7.416666666 x 4.916666666
Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Bathroom 2
Lvl Second8 x 7.416666666
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Sconce
Listing Agent: Erica Covelle
Listing Office: Compass
MLS® Number: 73584446
