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$1,275,000
Total Beds: 4 Total Baths: 4
Total Units: 4 SQFT: 3347
LOT size: 0.19 Acres
20 W Water St
Wakefield, MA 01880
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Property Description

Fabulous investment opportunity. Well maintained Wakefield four family building. 4 well laid out 1 bedroom apartments. All separate utilities. The unit have various layouts and function very well as rental apartments. The property is well sited in a great location between downtown and North Ave commuter rail station. The building is fully leased. Dual driveways provide ample parking for 8+ vehicles. Coin op laundry.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 5
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Tennis Court, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall
  • Common Appliances: Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric Baseboard, Extra Flue, Gas, Heat Pump, Oil, Radiant

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 101040
  • Gross Expenses: 7435
  • Electric Expenses: 250
  • Water/Sewer: 2206
  • INSC: 4979
  • Net Operating Income: 93605

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Dryer
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1893
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Irregular
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Plywood, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73593251
  • Last Updated: 11/02/26

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Map

Seller's Representative: Christopher Barrett, Barrett, Chris. J., REALTORS®
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-11-02 10:01:00

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