16 Chestnut, Wakefield, MA 01880
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$949,000
6 Unit
0 Beds
6 Baths
2610 SQFT
0.18 Acre

Property Description

Multi Unit Building in Convenient location walking distance to downtown and commuter transportation. Building consist of 4 studios, 1- 1 BR, and 1- 2 BR Building being sold as is and with tenants in place, (See attached Rent roll and Lease Information) Coin-Op laundry room in the building. Heat and Hot Water included. For all units. .On site parking for 7 cars. Unit Photos are Unit 6 and 6a Offers due Wed. June 11 at 2:00 PM

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Full Baths: 6
  • Total Fireplaces: 9
  • Amenities: Highway Access, Public Transportation, Shopping, T-Station
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Ceiling Fans, Studio, Tile Floor
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Gas, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 87000
  • Gross Expenses: 48226
  • Electric Expenses: 710
  • Water/Sewer: 5203
  • INSC: 5438
  • Repairs & Maintenance: 3411
  • RFS: 2705
  • Management Fee: 5911
  • Net Operating Income: 43092

Utilities

  • Heat Zones: 6
  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Storm Doors
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73387381
  • Last Updated: 06/08/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/07/2025New$949,000$364MLSPIN

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Seller's Representative: Douglas R. Dodge, Coldwell Banker Realty - Lexington
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-08 15:49:00