Wakefield Four-Family
43-45 Crescent St, Wakefield, MA 01880
For Sale
$1,000,000
Pending
Well-maintained four-family home in convenient Wakefield location.
Property Size3,780 SF
Days on Market200
Property Features for 43-45 Crescent St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Kristin Thompson
(508) 577-3237
Source:
Elliman
Added: Apr 24
Changed: Oct 27
Last Checked: Nov 8 at 5:48AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,986
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,599,720
$1.6M
Cap Rate 7%
$1,142,657
$1.1M
Cap Rate 9%
$888,733
$888.7K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$120.2K $31.80/SF
− Vacancy
−$5.9K −$1.57/SF
EGI
$114.3K $30.23/SF
− OpEx
−$34.3K −$9.07/SF
NOI
$80.0K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,599,720
Cap Rate 7%
$1,142,657
Cap Rate 9%
$888,733
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$999.8K – $1.33M
NOI $79,986 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$1.07M
$940.1K – $1.25M
NOI $75,209 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,642 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
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Business Placement
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
$670,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Middlesex County, MA
Properties on Market for Quadplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
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.
