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51 Crescent Street, Wakefield MA 01880

Wakefield, MA 01880
$999,900
$949,500
Est. $5,678/month
6
Beds
3
Baths
3,278
Sq Ft
$290
Price/Sq Ft
0.07
Acres
1885
Year Built
2
Parking
23
Days on Market
Pending Price Drop -$50,400 Listed Nov 11, 2025 • MLS# 73453708 Copied! • Updated Dec 5, 2025

About this home

Location, Location, Location! 3-Family just minutes to downtown, the commuter rail is less than 1/2 mile, shopping, dining and major routes. Bright, spacious units feature high ceilings, nice flow and eat-in kitchens. Current rents are well below market. Updating, all three units will enhance the value of each unit (buyers/agents to verify). Enjoy strong rental demand, low vacancy, 2 off-street parking spaces and separate gas and electric. Four additional attic rooms, accessed from the 2nd-floor unit, offer exciting potential for expanded living space or flexible use (buyers to confirm). All the trees around the property are being removed on 12/5 by the owner for insurance purposes. Heating systems and hot water heaters are approx. 6–10 years old with the exception of unit 51A, the furnace is older. Furnaces are serviced regularly.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
5%
Price Range

Property Timeline

Price Reduced
Dec 4, 2025
$949,500 $50,400 (-5.04%)
From $999,900 to $949,500 (-5.0%)
🏠
Listed for Sale
Nov 11, 2025
$949,500
Original listing
Agent: The Bill Butler Group Office: Leading Edge Real Estate
🏠
Listed for Sale
Nov 11, 2025
$999,900
Original listing
Agent: The Bill Butler Group Office: Leading Edge Real Estate

Tax History

Year Taxes Assessment
2025 $8,120 $740,300

Financial Details

Annual Property Tax
$8,120
Tax Year 2025
Assessed Value
$740,300

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1885
Living Area 3,278 sq ft
Lot Size 0.07 acres
Bedrooms 6
Full Baths 3
Total Rooms 13

Investment Metrics

Units 3
Unit 1 Rent $1,586/mo · N
Unit 2 Rent — · N
Unit 3 Rent $1,301/mo
Total Monthly Rent $2,887/mo
Gross Income $54,820
Net Operating Income $18,974
Cap Rate 2.00%
Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Carpet, Laminate, Tile, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Partially Finished
Laundry None
Features Internet Available - Broadband, Pantry, Walk-up Attic, Storage, Living Room, Kitchen, Family Room, Laundry Room
Construction None
Architecture None
Roof Shingle
Features Balcony/deck
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood
Features Paved Drive, Off Street
Total Spaces 2
Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range

Financial

Annual Tax $8,120
Assessed Value $740,300
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color Brown
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 24 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1885
Bedrooms
6
Full Bathrooms
3
Living Area
3,278 sq ft
Total Rooms
13
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Carpet, Laminate, Tile, Hardwood
Appliances: Range, Refrigerator
Interior Features: Internet Available - Broadband, Pantry, Walk-Up Attic, Storage, Living Room, Kitchen, Family Room, Laundry Room
Windows:
Basement: Partially Finished
Laundry:
Security:

Construction & Materials

Year Built: 1885
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive, Off Street

Nearby Schools

School information not available for this location.

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 $677
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

Interest
Principal
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

51 Crescent Street, Wakefield MA 01880

Wakefield, MA 01880

Listing Information

Listing Agent The Bill Butler Group
Listing Office Leading Edge Real Estate
Office Phone 781-979-0100
Agent MLS ID TM327053
Office MLS ID AN4646
Listing Data Updated Dec 5, 2025 4:49 PM EST
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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Steven Novak
Steven Novak
BMN Boston Real Estate
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