Triplex With Finished Lower-Level
14 Columbia Rd, Wakefield, MA 01880
For Sale
$1,075,000
Upper units feature full kitchens, porches, high ceilings, and in-unit laundry.
Property Size4,052 SF
Price / SF$265.30
Days on Market147
Property Features for 14 Columbia Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
oNest Real Estate
(833) 663-7802
Listed By:
Suman Mahara · License #9576672
(857) 869-2765
Source:
Churchillprop
Added: Jun 16
Changed: Nov 4
Last Checked: Nov 8 at 4:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of oNest Real Estate
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Investment Insights
Based on property information with market context.
This triplex, built in 1910, includes two upper residential units plus a third unit on the finished lower level. Each upper unit offers a full kitchen, living room, two or three bedrooms, a full bath, large front porch, ample closet space, high ceilings, and in-unit laundry. The lower-level unit includes an open kitchen and living area, a room, full bath, and in-unit laundry.
The property features CertainTeed vinyl clapboard siding and front vinyl shingles. Additional improvements include a two-car garage with parking for up to 4 to 6 vehicles. Located at 14 Columbia Rd in Wakefield, the property is near major highways, dining, shopping, parks, and public transit.
The property features CertainTeed vinyl clapboard siding and front vinyl shingles. Additional improvements include a two-car garage with parking for up to 4 to 6 vehicles. Located at 14 Columbia Rd in Wakefield, the property is near major highways, dining, shopping, parks, and public transit.
Key Highlights
- Three residential units: two upper units plus a third unit on the finished lower level
- Built in 1910 with CertainTeed vinyl clapboard siding and front vinyl shingles
- Upper units include 2 or 3 bedrooms, full kitchens, full baths, porches, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,742
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,840
$1.7M
Cap Rate 7%
$1,224,886
$1.2M
Cap Rate 9%
$952,689
$952.7K
Market Conditions
NOI Build-Up for 4,052 SF
Gross rent
$128.9K $31.80/SF
− Vacancy
−$6.4K −$1.57/SF
EGI
$122.5K $30.23/SF
− OpEx
−$36.7K −$9.07/SF
NOI
$85.7K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,840
Cap Rate 7%
$1,224,886
Cap Rate 9%
$952,689
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,742 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,621 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,914 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
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Business Placement
Demographics for 01880, MA
27,071
Population
11,513
Households
2.4
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
3,658
Density / Sq Mi
$130,419
Median Household Income
$78,860
Median Earnings
$1,872
Median Rent
$670,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Middlesex County, MA
Properties on Market for Triplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Upper units feature full kitchens, porches, high ceilings, and in-unit laundry.
Where is this triplex located?
The property is located at 14 Columbia Rd Wakefield, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Three residential units: two upper units plus a third unit on the finished lower level; Built in 1910 with CertainTeed vinyl clapboard siding and front vinyl shingles; Upper units include 2 or 3 bedrooms, full kitchens, full baths, porches, and in‑unit laundry
