318 Water Street

Wakefield, MA 01880

$1,500,000
Last Sold Price
6
Beds
6
Baths
4,492 Sq. Ft.
$334 / Sq. Ft.
4,492
Sq. Ft.
$334
per Sq. Ft.

Description

Truly rare find. Beautifully sited on a commanding 1/2 acre knoll. A made to order set up with this well maintained six unit building with all separate utilities. The six three room, one bedroom apartments are all fully leased. All updated gas boilers, gas hot water and individual electric. The building has a recently paved driveway and an expansive parking area. There is a coin op laundry (unit 6 is rented at $1,725). Wonderful investment opportunity.Truly rare find. Beautifully sited on a commanding 1/2 acre knoll. A made to order set up with this well maintained six unit building with all separate utilities. The six three room, one bedroom apartments are all fully leased. All updated gas boilers, gas hot water and individual electric. The building has a recently paved driveway and an expansive parking area. There is a coin op laundry (unit 6 is rented at $1,725). Wonderful investment opportunity.
  1. Listed by Christopher Barrett • Barrett, Chris. J., REALTORS®

Property Details for 318 Water Street

Town
Wakefield
Area
MA-Wakefield
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10

Location

Listing Courtesy of Barrett, Chris. J., REALTORS®, Christopher Barrett

Sold By Horvath & Tremblay, Dennis Kelleher

Add your commute
LISTING UPDATED: 08/06/2022 07:47 AM

Property Details for 318 Water Street

StatusSold
MLS #72887249
Days on Market123
Taxes$10,239 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Barrett, Chris. J., REALTORS®, Christopher Barrett

Sold By Horvath & Tremblay, Dennis Kelleher

Add your commute

Building Information for 318 Water Street

Stories9Residences6Year Built1900Building Size-Lot Size0.54 AC / 23,370 SF

Payment Calculator

$9,039 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$853

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 318 Water Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Current Financing: Other
  • Living Area: 4492.0
  • Color: Yellow
  • SqFt with Basement: Yes
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Woodville
  • High School: Wakwefield
  • Middle School: Galvin
Features
Interior Features
  • Appliances: Unit 1(Range), Unit 2(Range), Unit 3(Range), Unit 4(Range), Gas Water Heater
  • Basement Features: Partial, Walk Out, Interior Access, Concrete Floor
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Plywood, Carpet, Concrete, Varies Per Unit, Unit 1(undefined), Unit 2(Wood Flooring), Unit 3(Wood Flooring)
  • Interior Features: Unit 1(Internet Available - Broadband), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Frame
  • Lot Description: Level, Sloped
  • View: City View(s)
  • View: Yes
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(None), Unit 2(None), Unit 4(None)
  • Cooling: No
  • Electric: Individually Metered, Varies per Unit
  • Heating: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Radiators, Unit 4(Hot Water Baseboard
  • Heating: Yes
  • Sewage District: MWRA
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: M:000031 B:0238 P:00028B,821685
  • Assessments: $804,300
  • Book: 17942
  • Tax Year: 2021
  • Zoning: SR
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Foundation Area: 1404.0
  • Frontage: 87.00
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 6
  • Heat Zones: 6
Income / Expenses
  • Electricity: $360.00
  • Annual Expenses Source: Estimated
  • GOI: $120,756.00
  • Insurance: $3,169.00
  • GRE: $18,196
  • RFS: $828
  • RME: $1,600
  • NOI: $98,264.00
  • Operating Expense: $18,196.00
  • WSE: $2,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,705.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 318 Water 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 318 Water Street

Taxable ValueLand$369,400Additions$948,800Total$1,318,200
Tax Record2024$14,830 ($1,236 / month)
Home Facts
Baths6Total Finished SqFt4,492 SqFtAbove Grade Finished SqFt4,492 SqFtUnfinished Basement SqFt140 SqFtStories2Lot Size23,370 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1965ZoningSRCountyMIDDLESEXAPNWAKE M:000031 B:0238 P:00028B

Schools near 318 Water Street

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

Galvin Middle School
Public5 to 8

Wakefield Memorial High School
Public9 to 12

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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Similar Sold Homes

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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.

Listing Courtesy of Barrett, Chris. J., REALTORS®, Christopher Barrett

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.