306 Main Street, Wakefield, MA 01880
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$1,550,000
5 Unit
4 Beds
5 Baths
3542 SQFT
0.12 Acre

Property Description

Don’t miss this rare opportunity to acquire a turnkey, income-producing asset in the heart of Wakefield—combining established tenancy, commercial flexibility, recent renovations and an exceptional walkable location. This business-zoned, mixed-use property offers four 1-bedroom apartments plus first-floor commercial space, currently operating as a beauty salon, creating a compelling combination of residential and commercial income potential. All four apartments are leased providing established occupancy and income. Recent renovations include the commercial space and Unit 4 in 2025 and Units 2 and 3 in 2024. This property also offers off-street parking and the convenience of individual utilities. Ideally positioned directly across from the iconic Rockery and Wakefield Common, with downtown shopping, restaurants, cafés and public transportation just steps away. Lake Quannapowitt is also a short stroll away!

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Partially Finished
  • Common Interior Features: Tile Floor
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 135504
  • Gross Expenses: 11605
  • Electric Expenses: 2474
  • Water/Sewer: 1981
  • INSC: 5039
  • Miscellaneous Expense: 1050
  • Net Operating Income: 123899

Utilities

  • Electric Info: Individually Metered
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Flooring Type: Tile, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73564750
  • Last Updated: 08/18/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/17/2026New$1,550,000$438MLSPIN
02/02/2025Expired$2,200MLSPIN
02/05/2024Active$2,200MLSPIN
02/01/2024New$2,200MLSPIN
10/01/2023Expired$2,000$3MLSPIN
05/16/2023Active$2,000$3MLSPIN
05/12/2023New$2,000$3MLSPIN

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Seller's Representative: Rachel Gallant, Century 21 North East
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-08-18 08:26:00