Active
24 Days on market
306 Main Street Wakefield — Photo 1 of 6

306 Main Street Wakefield — Photo 1 of 6

$1,550,000

306 Main Street, Wakefield, MA 01880

Wakefield, MA 01880

Beds

4

Baths

4.5

SqFt

3,542

Style

4 Family - 4 Units Up/Down

Built

1880

Don’t miss this rare opportunity to acquire a turnkey, income-producing asset in the heart of Wakefield—combining established tenancy, commercial flexibility, recent renovations and an exceptional walkable location. This business-zoned, mixed-use property offers four 1-bedroom apartments plus first-floor commercial space, currently operating as a beauty salon, creating a compelling combination of residential and commercial income potential. All four apartments are leased providing established occupancy and income. Recent renovations include the commercial space and Unit 4 in 2025 and Units 2 and 3 in 2024. This property also offers off-street parking and the convenience of individual utilities. Ideally positioned directly across from the iconic Rockery and Wakefield Common, with downtown shopping, restaurants, cafés and public transportation just steps away. Lake Quannapowitt is also a short stroll away!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$438/sqft
Local Avg (Wakefield)$454/sqft
4% BelowMarket Average

* Analysis is based on 18 actively listed and recently sold comparable properties strictly within Wakefield, MA.

Property Details

Financials

Original Price$1,550,000
Annual Taxes$14,819

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms16
FireplacesNone
FlooringTile, Carpet
BasementFull, Partially Finished, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingElectric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningB

Property & Lot

Acres0.12
SqFt Lot5,062
Lot FeaturesCorner Lot

Amenities & Appliances

Washer • Dryer • Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Population

27,793

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

29.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Rachel Gallant

Listing Office: Century 21 North East

MLS® Number: 73564750

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