Victorian Two-Family
26-26A Richardson Avenue Wakefield, MA 01880
26-26A Richardson Avenue, Wakefield, MA, 01880
$899,000
For Sale
$899,000
Well-maintained Victorian duplex offering two units with separate utilities, hardwood flooring, and basement laundry plus attic storage for unit 2.
Property Size2,037 SF
Price / SF$441.34
Days on Market71
Property Features for 26-26A Richardson Avenue
General Information
- Standard status
- Active
- Size
- 2,037 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1800
Listing agency
Leading Edge Real Estate
(978) 317-3385
Listed by
Lauren O'Brien & Co. Team
(978) 317-3385
Source
Lockandkeyre
Added: May 12 Updated: Jul 20 at 6:48PM Checked: Jul 21 at 3:34AM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
This beautifully maintained Victorian two-family residence offers two distinct living arrangements with classic interior finishes. Hardwood flooring, high ceilings, crown molding, and abundant natural light run throughout, supporting a timeless look and feel. The first-floor unit features two bedrooms, a functioning fireplace, French doors, and access to a farmer’s porch. The second unit is townhouse-style across two levels with three bedrooms, an open-concept living area, and a private deck off a bedroom. Custom built-in dining room cabinetry with granite countertops adds both display and counter space.
Additional practical features include separate utilities for each unit, along with laundry and storage in the basement and attic for unit 2. The property also includes a two-car garage and outdoor space for relaxing or entertaining.
The layout is designed to support both day-to-day owner use and rental income, with the flexibility of separate utilities and dedicated storage amenities between the units.
Additional practical features include separate utilities for each unit, along with laundry and storage in the basement and attic for unit 2. The property also includes a two-car garage and outdoor space for relaxing or entertaining.
The layout is designed to support both day-to-day owner use and rental income, with the flexibility of separate utilities and dedicated storage amenities between the units.
Key Highlights
- Victorian 2‑family built in 1800 with two separate units and spacious layouts
- First‑floor unit: 2 bedrooms, functioning fireplace, French doors, and farmer’s porch
- Second (townhouse‑style) unit spans 2 levels with 3 bedrooms, open‑concept living, and a private deck off a bedroom
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 | $64.8k | $31.80 |
| − Vacancy | −$3.2k | −$1.57 |
| EGI | $61.6k | $30.23 |
| − OpEx | −$18.5k | −$9.07 |
| NOI | $43.1k | $21.16 |
2,037 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.8K
$538.8K – $718.4K
NOI $43,104 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$579.0K
$506.6K – $675.5K
NOI $40,529 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,413 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained Victorian duplex offering two units with separate utilities, hardwood flooring, and basement laundry plus attic storage for unit 2.
Where is this duplex located?
The property is located at 26-26A Richardson Avenue Wakefield, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Victorian 2‑family built in 1800 with two separate units and spacious layouts; First‑floor unit: 2 bedrooms, functioning fireplace, French doors, and farmer’s porch; Second (townhouse‑style) unit spans 2 levels with 3 bedrooms, open‑concept living, and a private deck off a bedroom
