Side-by-Side Duplex
2-2A Newell Rd Wakefield, MA 01880
For Sale
$949,000
Side-by-side duplex with two units, each offering four bedrooms and two bathrooms plus unfinished basement space.
Property Size4,002 SF
Price / SF$237.13
Days on Market10
Property Features for 2-2A Newell Rd
General Information
- Standard status
- Active
- Size
- 4,002 SF
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1940
Listing Agency:
Lyv Realty
(617) 777-6002
Listed By:
Christine Goldstein · License #452508574
(617) 777-6002
Source:
Iverty
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 26 at 2:38PM
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 Lyv Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two separate units within a single multi-unit home. Each unit features four bedrooms and two bathrooms, along with generous living space. Additional unfinished basement areas provide extra room to support future customization and finishing.
The property is situated on a spacious lot in an established neighborhood. The public remarks also note proximity to major highways and nearby downtown activity, along with a planned new high school.
Owned by the same family for decades, the home is positioned for an investor, developer, or buyer looking for a property with substantial interior potential and room to reimagine the space.
The property is situated on a spacious lot in an established neighborhood. The public remarks also note proximity to major highways and nearby downtown activity, along with a planned new high school.
Owned by the same family for decades, the home is positioned for an investor, developer, or buyer looking for a property with substantial interior potential and room to reimagine the space.
Key Highlights
- Side‑by‑side duplex with two units
- Each unit includes 4 bedrooms and 2 bathrooms
- Unfinished basement space in each unit with additional potential
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 | $127.3k | $31.80 |
| − Vacancy | −$6.3k | −$1.57 |
| EGI | $121.0k | $30.23 |
| − OpEx | −$36.3k | −$9.07 |
| NOI | $84.7k | $21.16 |
4,002 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,684 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$1.14M
$995.3K – $1.33M
NOI $79,626 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,842 @ 7.0% cap · market cap 17.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Side-by-side duplex with two units, each offering four bedrooms and two bathrooms plus unfinished basement space.
Where is this duplex located?
The property is located at 2-2A Newell Rd Wakefield, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two units; Each unit includes 4 bedrooms and 2 bathrooms; Unfinished basement space in each unit with additional potential
