Triplex With In-Unit
14 Columbia Road Wakefield, MA 01880
14 Columbia Road, Wakefield, MA, 01880
$1,185,000
For Sale
$1,185,000
Well-maintained triplex offers two full residential units plus a finished lower-level third unit with in-unit laundry.
Property Size4,052 SF
Price / SF$292.45
Days on Market56
Property Features for 14 Columbia Road
General Information
- Standard status
- Active
- Size
- 4,052 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
oNest Real Estate
Listed by
Suman Mahara
(617) 694-0004
Source
Somervillelofts
Added: May 27 Updated: Jul 20 at 6:32PM Checked: Jul 21 at 9:18AM
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
Investment Insights
Based on property information with market context.
This well-maintained triplex includes two spacious residential units and a bonus third unit on the finished lower level. The upper two units each provide a full kitchen, living room, multiple bedrooms, a full bath, large front porches, high ceilings, ample closet space, and in-unit laundry. The lower level features an open kitchen and living area, a full bath, and in-unit laundry.
The exterior features CertainTeed vinyl clapboard siding and front vinyl shingles for low-maintenance ownership. Off-street parking is supported by a two-car garage with parking for up to 4 to 6 vehicles.
The layout supports live-in and rental flexibility, with separate unit living areas arranged across the upper floors and finished lower level.
The exterior features CertainTeed vinyl clapboard siding and front vinyl shingles for low-maintenance ownership. Off-street parking is supported by a two-car garage with parking for up to 4 to 6 vehicles.
The layout supports live-in and rental flexibility, with separate unit living areas arranged across the upper floors and finished lower level.
Key Highlights
- Triplex built in 1910 with two full residential units plus a finished lower‑level third unit
- Each upper unit features a full kitchen, living room, 2 or 3 bedrooms, a full bath, large front porch, and in‑unit laundry
- Finished lower level includes an open kitchen/living area, a full bath, and in‑unit laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.9k | $31.80 |
| − Vacancy | −$6.4k | −$1.57 |
| EGI | $122.5k | $30.23 |
| − OpEx | −$36.7k | −$9.07 |
| NOI | $85.7k | $21.16 |
4,052 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,742 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,621 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,914 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex offers two full residential units plus a finished lower-level third unit with in-unit laundry.
Where is this triplex located?
The property is located at 14 Columbia Road Wakefield, MA.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Triplex built in 1910 with two full residential units plus a finished lower‑level third unit; Each upper unit features a full kitchen, living room, 2 or 3 bedrooms, a full bath, large front porch, and in‑unit laundry; Finished lower level includes an open kitchen/living area, a full bath, and in‑unit laundry
