293 Albion St, Wakefield, MA 01880
MULTI_FAMILY - Wakefield, MA
- Added:
- Apr 15, 2026
- Days on Market:
- 58
- Last Refresh:
- Jun 11 at 10:06 am
Property Features for 293 Albion St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GR
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking
- 2
- Fireplace
- 1
- Standard status
- Active
- APN
- M:000008 B:0245 P:000142,816413
- Size
- 1,942 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7783
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
Listing agent Susan Rochwarg (978) 475-2111
Listing office Keller Williams Realty 138 River Road, Suite 107, Andover, MA (978) 475-2111
Listing date Apr 15, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family home at 293 Albion St in Wakefield’s West Side
- Built in 1900 with classic character, hardwood floors throughout, and high ceilings
- Fireplace included
- First‑floor unit: 1 bedroom and three large rooms
- Second‑floor unit: 5 bedrooms and nine rooms
- Close to the Commuter Rail station, Wakefield/Reading bus stop, and Routes 128/95 and 93
Overview
Located in Wakefield, the property is positioned for commuter convenience. It is described as being close to the Commuter Rail station and the Wakefield/Reading bus stop, with quick access to Routes 128/95 and 93. The listing also notes nearby access to Lake Quannapowitt and shopping and dining in downtown Wakefield.
With two distinct floor plates and a zoning designation of GR, the home may suit buyers looking for either an owner-occupant setup or an investor structure that pairs a smaller first-floor unit with a significantly larger upper unit. The size and room counts reflected in the listing support a tenant mix that can accommodate different household needs within the same property.
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 | $61.8k | $31.80 |
| − Vacancy | −$3.1k | −$1.57 |
| EGI | $58.7k | $30.23 |
| − OpEx | −$17.6k | −$9.07 |
| NOI | $41.1k | $21.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wakefield
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.080411
- Latitude
- 42.497212
