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    51 Crescent St Wakefield, MA 01880

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    For Sale
    $999,900

    Three-unit property near downtown, commuter rail, shopping, and dining.

    Lot size:
    0.07 Acres

    Property Features for 51 Crescent St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1885

    Source: Leading Edge Real Estate Agent Patricia Birchem

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wakefield Multifamily Near Transportation

    This three-family property is located minutes from downtown, with the commuter rail less than one-half mile away, and in close proximity to shopping, dining, and major routes. The bright and spacious units feature high ceilings, a nice flow, and eat-in kitchens. Current rents are below market value. Updating all three units may enhance their value. The property benefits from strong rental demand and low vacancy. It includes two off-street parking spaces and separate gas and electric. Four additional attic rooms, accessed from the second-floor unit, offer potential for expanded living space or flexible use. All trees around the property are being removed on December 5th by the owner for insurance purposes. Heating systems and hot water heaters are approximately 6 to 10 years old, except for the furnace in unit 51A, which is older. The furnaces are serviced regularly.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0685359
    Latitude
    42.5034307

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near downtown, commuter rail, shopping, and dining.
    Where is this triplex located?
    The property is located at 51 Crescent St Wakefield, MA.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: - Prime location: Minutes from downtown, commuter rail (less than 1/2 mile), shopping, dining, and major routes.; - Strong rental demand and low vacancy.; - Separate gas and electric for each unit.
    (781) 789-2937
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    51 Crescent St Wakefield, MA 01880
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 Crescent St Wakefield, MA 01880
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