Two-Family
66 Greenwood Avenue, Wakefield, MA 01880
For Sale
$799,900
Separate utilities serve the two residences, with unfinished attic space and a second-floor central air conditioning system.
Property Size1,968 SF
Price / SF$406.45
Days on Market8
Property Features for 66 Greenwood Avenue
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Listing Agency:
Century 21 Mario Real Estate
Listed By:
Joseph Mario · License #91869
(617) 569-6044
Source:
Merryfoxrealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:19AM
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 Century 21 Mario Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two five-room residences with separate utilities. Hardwood floors are present, and the second-floor unit has central air conditioning. The walk-up attic is unfinished, and the property needs updating.
Built in 1900, the building is located at 66 Greenwood Ave in Wakefield, Massachusetts. Main Street and its shops are within easy walking distance.
Built in 1900, the building is located at 66 Greenwood Ave in Wakefield, Massachusetts. Main Street and its shops are within easy walking distance.
Key Highlights
- Two five‑room residences with separate utilities
- Second‑floor central air conditioning
- Walk‑up attic with unfinished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,644
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,880
$832.9K
Cap Rate 7%
$594,914
$594.9K
Cap Rate 9%
$462,711
$462.7K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$62.6K $31.80/SF
− Vacancy
−$3.1K −$1.57/SF
EGI
$59.5K $30.23/SF
− OpEx
−$17.8K −$9.07/SF
NOI
$41.6K $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%
$832,880
Cap Rate 7%
$594,914
Cap Rate 9%
$462,711
Alternative Uses
Best Use
Multifamily LT 5
$594.9K
$520.6K – $694.1K
NOI $41,644 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$559.4K
$489.5K – $652.6K
NOI $39,157 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,553 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
232
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 Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve the two residences, with unfinished attic space and a second-floor central air conditioning system.
Where is this duplex located?
The property is located at 66 Greenwood Avenue Wakefield, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two five‑room residences with separate utilities; Second‑floor central air conditioning; Walk‑up attic with unfinished space
