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INVESTMENT SNAPSHOT
About this property
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!
Property details
| Units | 5 |
| Living area | 3,542 sqft |
| Lot size | 5,062 sqft |
| Year built | 1880 |
| Price / sqft | $438 |
| County | Middlesex |
| MLS # | 73564750 |
Listing status
| Days on market | 0 days |
| Listed on | August 17, 2026 |
Taxes & financials
| Annual property tax | $14,819 |
| Tax year | 2026 |
| Assessed value | $1,129,000 |
| Zoning | B |
| Gross income (actual) | $135,504/yr |
| Net operating income (actual) | $123,899/yr |
| Total actual rent | $11,292/mo |
| Electric expense | $2,474/yr |
| Insurance expense | $5,039/yr |
Building & lot
| Stories | 5 |
| Total rooms | 16 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Off Street, Paved |
| Basement | Full, Partially Finished, Interior Entry, Bulkhead, Concrete |
| Foundation | Stone |
| Flooring | Tile, Carpet |
Utilities & systems
| Heating | Electric |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range |
| Appliances | Washer, Dryer, Range, Refrigerator |
Location
More about investing in Wakefield →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 306 Main Street, Wakefield MA 01880 have?
It is a 5-unit multi-family property with 3,542 sqft of living area, built in 1880.
How long has 306 Main Street, Wakefield MA 01880 been on the market?
306 Main Street, Wakefield MA 01880 has been listed for 0 days (since August 17, 2026).
What is the price per unit?
At a list price of $1,550,000 across 5 units, that works out to roughly $310,000 per unit.
What are the property taxes on 306 Main Street, Wakefield MA 01880?
Annual property taxes are $14,819 (2026), on an assessed value of $1,129,000.
What is the price per square foot?
At $1,550,000 for 3,542 sqft, that's about $438 per square foot.
Is there parking?
6 total parking spaces (off street, paved).
Where is this property located?
306 Main Street, Wakefield MA 01880 is in Wakefield, Middlesex County, MA 01880.
