21 Princess Street

Wakefield, MA 01880

$999,000
Price
4
Beds
2
Baths
3
1/2 Baths
3,500 Sq. Ft.
$285 / Sq. Ft.
3,500
Sq. Ft.
$285
per Sq. Ft.

Description

Mixed use building just off Main Street with two income generating residential units upstairs, each consisting of 5 rooms/2 bd/1bath and a commercial space at the street level. Residential units are Tenants -at-Will and are currently fetching $3700 gross income. The commercial space is a fully equipped restaurant, is handicap accessible, and includes 2 patron restrooms, as well as a third half bath for employee's use. There's a great outside patio area and plenty of freezer storage in the basement....Mixed use building just off Main Street with two income generating residential units upstairs, each consisting of 5 rooms/2 bd/1bath and a commercial space at the street level. Residential units are Tenants -at-Will and are currently fetching $3700 gross income. The commercial space is a fully equipped restaurant, is handicap accessible, and includes 2 patron restrooms, as well as a third half bath for employee's use. There's a great outside patio area and plenty of freezer storage in the basement. A savvy investor will do quite well to put this downtown business space back into good use. All units are separately heated with newer systems and are equipped with their own electric panel. This building's roof was replaced over the past 3 years. Full sprinkler system is in place. Proof of funds are REQUIRED prior to scheduling a full tour of this property. See for additional photos of restaurant space MLS Listing #73183156
  1. Listed by Richard Spinosa • Realty Direct Somerville
  2. Listed by Kim Mulligan • Realty Direct Somerville

Property Details for 21 Princess Street

Town
Wakefield
Area
MA-Wakefield
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2

Location

Listing Courtesy of Realty Direct Somerville, Richard Spinosa; Realty Direct Somerville, Kim Mulligan
Add your commute
LISTING UPDATED: 04/02/2024 03:20 AM

Property Details for 21 Princess Street

StatusActive
MLS #73208182
Days on Market55
Taxes$11,269 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1880
CountyMiddlesex County

Location

Listing Courtesy of Realty Direct Somerville, Richard Spinosa; Realty Direct Somerville, Kim Mulligan
Add your commute

Building Information for 21 Princess Street

Stories6Residences3Year Built1880Building Size-Lot Size0.08 AC / 3,537 SF

Payment Calculator

$6,391 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,452

Property Taxes

$939

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 Princess Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station
  • Living Area: 3500.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Range Hood
  • Basement Features: Full, Interior Access, Bulkhead
  • Num of Baths: 5.0
  • Num of Full Baths: 2
  • Num of Half Baths: 3
  • Bathrooms Total Decimal: 3.50
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Living Room, Dining Room, Kitchen
  • SpaYN: No
  • Window Features: Box/Bay/Bow Window(s)
Exterior Features
  • Exterior Features: Patio
  • Lot Description: Level
  • Patio And Porch Features: Patio
  • Roof Material: Shingle, Rubber
  • Waterfront Features: Beach Front, Lake/Pond, Walk to, 1/2 to 1 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Improved Driveway, Other
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Improved Driveway, Other
  • Parking Features: Off-Street, Improved Driveway
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Baseboard, Individual, Unit Control, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: $87000 is potential annual income. Listing agent has ownership interest.
Tax Information
  • Tax ID: M:000017 B:0076 P:000142,818409
  • Assessments: $1,001,700
  • Book: 43827
  • Tax Year: 2024
  • Zoning: B
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 6
Other Building Characteristics
  • Accessibility Features: Accessible Entrance
  • Foundation: Stone
  • Cooling Units: 1
  • Cooling Zones: 1
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • Annual Expenses Source: Owner, Projected
  • GOI: $86,400.00
  • Insurance: $900.00
  • GRE: $4,900
  • NOI: $43,500.00
  • Operating Expense: $4,900.00
  • WSE: $4,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,200.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Selling Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 21 Princess Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 21 Princess Street

Taxable ValueLand$247,800Additions$753,900Total$1,001,700
Home Facts
Baths3.5Total Finished SqFt3,818 SqFtAbove Grade Finished SqFt3,818 SqFtUnfinished Basement SqFt1,190 SqFtStories3Lot Size3,537 SqFtStyleOffice BuildingYear Built1880Year Renovated1971ZoningBCountyMIDDLESEXAPNWAKE M:000017 B:0076 P:000142

Schools near 21 Princess Street

This home is within Wakefield School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Public - K to 4
Rating
School
Distance
Galvin Middle School
Public5 to 8

Wakefield Memorial High School
Public9 to 12

Walton Elementary School
PublicK to 4

Dolbeare Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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21 Princess Street is a multi-family home for sale in Wakefield, MA 01880. This property was listed for sale on March 4, 2024 by Realty Direct Somerville, it's currently listed at $999,000. It has been on the market for a total of 55 days and was last sold on October 1, 2004. This listing's school district is Wakefield School District. Nearby schools include Galvin Middle School, Wakefield Memorial High School and Walton Elementary School. 21 Princess Street is a 4-bed, 3.5-bath, 3,500 sqft multi-family home built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Realty Direct Somerville, Richard Spinosa; Realty Direct Somerville, Kim Mulligan

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.