4 Pleasant St, Wakefield MA 01880
Wakefield, MA 01880
$1,095,000
$995,000
Est. $5,959/month
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About this home
Exceptional 3-family opportunity ideal for owner-occupants or investors, offering strong income potential and long-term upside. This well-maintained property is desirably located just a 4-min walk from downtown Wakefield, providing convenient access to shops, dining, and transportation. The building features ample off-street parking with 2 dedicated spaces per unit, along with valuable tenant amenities including 3 private storage units and three separate laundry hookups in the basement. The spacious first-floor unit spans the entire level, offering a generous layout. The second and third units are both townhouse-style apartments, each with two floors of living space. All units are individually metered, with tenants responsible for their own heat and electricity. The first-floor unit is currently rented below market, presenting a clear value-add opportunity through future rent optimization. This property combines location, functionality, and upside—an excellent addition to any portfolio
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Property History
Market Insights
1
Price Changes
9.1%
Price Range
Property Timeline
Back On Market
Aug 11, 2026
Active
Status: Active under contract
Aug 2, 2026
Active → Active Under Contract
Price Reduced
Jul 28, 2026
$995,000
$100,000
(-9.13%)
From $1,095,000 to $995,000 (-9.1%)
Listed for Sale
Jul 7, 2026
$1,095,000
Original listing
Office: J. Borstell Real Estate, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/11/2026 | • Back On Market | - | - | - | Active |
| 08/02/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/28/2026 | ↓ Price Reduced | $995,000 | $100,000 | - | From $1,095,000 to $995,000 (-9.1%) |
| 07/07/2026 | 🏠 Listed for Sale | $1,095,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,736 | $769,700 |
Financial Details
Annual Property Tax
$8,736
Tax Year 2025
Assessed Value
$769,700
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1880
Living Area
2,695 sq ft
Lot Size
0.09 acres
Stories
5
Bedrooms
6
Full Baths
3
Total Rooms
12
Investment Metrics
Units
3
Unit 1 Rent
$2,050/mo · N
Unit 2 Rent
$2,700/mo · Y
Unit 3 Rent
$2,400/mo · Y
Total Monthly Rent
$7,150/mo
Gross Income
$57,000
Net Operating Income
$57,000
Operating Expenses
$6,295
Water/Sewer Expense
$2,800
Electric Expense
$180
Insurance Expense
$3,315
Cap Rate
5.73%
Interior
Heating
Baseboard, Natural Gas
Cooling
Window Unit(s)
Flooring
None
Appliances
Range, Dishwasher, Disposal, Refrigerator
Fireplace
None
Basement
Full, Walk-out Access
Laundry
Washer Hookup, Dryer Hookup
Features
Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Tandem
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,736
Assessed Value
$769,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Buyer And Buyers Agent Are Responsible For Verifying All Listing Details Before Submitting An Offer. Listing Agent Has Ownership In The Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Buyer and buyers agent to confirm sqft prior to offer submission.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
39 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1880
Bedrooms
6
Full Bathrooms
3
Living Area
2,695 sq ft
Total Rooms
12
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,695 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Dishwasher, Disposal, Refrigerator
Interior Features:
Living Room, Kitchen
Windows:
Basement:
Full, Walk-Out Access
Laundry:
Washer Hookup, Dryer Hookup
Security:
Construction & Materials
Year Built:
1880
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Off Street, Tandem
Nearby Schools
School District
Wakefield School District local
A-
School Safety
2024-25
0.5%
Low
0.5%
Suspensions
0.3%
In-School
5.0% below state avg
Elementary Schools
6 schools
St. Joseph Elementary School
0.6 mi
Grades PK-08
A-
Woodville School
0.9 mi
|
#192 of 824
|
Score: 55.5
Improved 38 spots from last year
-2.7 below state avg
456 students
Moderate
Rising School
Grades PK-04
B+
Walton School
1.0 mi
|
#293 of 824
|
Score: 51.0
Improved 131 spots from last year
-7.3 below state avg
218 students
Less Diverse
Rising School
Grades K-04
A
Dolbeare School
1.0 mi
|
#153 of 824
|
Score: 57.0
Improved 41 spots from last year
-1.2 below state avg
443 students
Less Diverse
Rising School
Grades K-04
Early Childhood Center at the Doyle School
1.0 mi
128 students
Moderate
Grades PK
A-
Greenwood School
1.6 mi
|
#194 of 824
|
Score: 55.4
Improved 55 spots from last year
-2.8 below state avg
227 students
Less Diverse
Rising School
Strong Attendance
Grades K-04
Middle Schools
1 school
A-
Galvin Middle School
0.4 mi
|
#79 of 352
|
Score: 52.1
Improved 5 spots from last year
-6.1 below state avg
1,056 students
Moderate
Strong Attendance
Grades 05-08
High Schools
4 schools
EMARC - Life Choices & Employment Services
0.1 mi
Grades 09-12
Nazareth Academy
0.9 mi
Grades 09-12
A-
Wakefield Memorial High School
1.2 mi
|
#79 of 346
|
Score: 62.6
Improved 16 spots from last year
+4.4 above state avg
854 students
Moderate
18 sports
• 1,930 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
B+
Northeast Metropolitan Regional Vocational High School
1.4 mi
|
#141 of 346
|
Score: 56.5
Improved 81 spots from last year
-1.7 below state avg
1,381 students
Diverse
17 sports
• 1,818 athletes
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$728
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
4 Pleasant St, Wakefield MA 01880
Wakefield, MA 01880
Listing Information
Listing Agent
Eric Paul
Listing Office
J. Borstell Real Estate, Inc.
Office Phone
978-502-8045
Agent MLS ID
CN237034
Office MLS ID
G80038
Listing Data Updated
Aug 15, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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