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Wakefield Four-Family Home
For Sale
$1,000,000
Pending

43-45 Crescent St, Wakefield, MA 01880

Well-maintained four-family home in convenient Wakefield location.

Days on Market100

Property Features for 43-45 Crescent St

General Information

Standard status Pending
Property subtype Investment

Building Details

Year Built 1900
Listing Agency:
Listed By: Kristin Thompson
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 1 at 8:59AM

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 Kristin Thompson

Investment Insights

Based on property information with market context.

This well-maintained duplex-style four-family home is situated in a convenient Wakefield location, close to downtown, shopping, dining, major routes, and the commuter rail. The property features a strong unit mix, including a spacious 3-bedroom townhouse-style unit, two 1-bedroom units, and one studio apartment. The units offer bright, functional layouts with hardwood and tile flooring, comfortable living areas, and good natural light. Select apartments include updated kitchens and baths. Newer windows are present in some units, along with enclosed porches. Heat and hot water are supplied in select units, with tenant-paid utilities in some apartments. Additional value is provided by off-street parking and basement storage. This property presents a solid opportunity for investors or owner-occupants seeking income potential and long-term value in an established Wakefield neighborhood. The location has a bike score of 55, making it bikeable, a walk score of 78, indicating it is very walkable, and a transit score of 30, suggesting some transit options are available.

Key Highlights

  • Strong income potential as a four‑family home with a desirable unit mix.
  • Convenient Wakefield location near downtown, shopping, dining, major routes, and commuter rail.
  • Spacious 3‑bedroom townhouse‑style unit.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods Carpet & Flooring Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,472
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Well-maintained four-family home in convenient Wakefield location.
Where is this quadplex located?
The property is located at 43-45 Crescent St Wakefield, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Strong income potential as a four‑family home with a desirable unit mix.; Convenient Wakefield location near downtown, shopping, dining, major routes, and commuter rail.; Spacious 3‑bedroom townhouse‑style unit.
More about this property
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