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Sold on 06/13/2025

16 Chestnut, Wakefield, MA 01880

  • $1,000,000

    Last sold 06/13/2025 for $949K

  • —

    bed

  • 6

    bath

  • 2,610

    Sqft ($364/Sqft)

Multi-family not for sale
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About 16 Chestnut

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 8,037 Sqft
Movoto estimate
Rental estimate
Property description
Multi Unit Building in Convenient location walking distance to downtown and commuter transportation. Building consist of 4 studios, 1- 1 BR, and 1- 2 BR Building being sold as is and with tenants in place, (See attached Rent roll and Lease Information) Coin-Op laundry room in the building. Heat and Hot Water included. For all units. .On site parking for 7 cars. Unit Photos are Unit 6 and 6a Offers due Wed. June 11 at 2:00 PM
Listed by
Listing Agent - Douglas R. Dodge
Listing Office - Coldwell Banker Realty - Lexington
Source: MLS Property Information Network, Inc. mls logo
MLS#73387381 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 2 minutes ago
Overview
Cooling/AC None
Heating Baseboard
Levels/Style 6, 6
MLS # 73387381
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 2610
Lot Size (SqFt) 8037
Lot Size (Acres) 0.18
Annual Property Tax 11096
Year Built 1900
Interior
Total # of Bathrooms 6
# Full Baths 6
Basement Full
Total # of Rooms 11
Flooring Wood, Tile, Vinyl, Varies, Laminate
Appliances Washer, Dryer, Range, Refrigerator
# Fireplaces 9
Interior Features Laundry Room, Ceiling Fan(s), Studio, Living Room, Kitchen
Door Features Storm Door(s)
Exterior
Foundation Stone
Roof Shingle
Construction Frame
Parking Desc Paved Drive, Off Street, Driveway
# Parking Spaces 7
Exterior Features Rain Gutters
Amenities / Utilities
Sewer Public Sewer
Utilities For Electric Range
Electricity Circuit Breakers, 100 Amp Service
Water Source Public
Location
County Middlesex
Community Features Public Transportation, Shopping, Highway Access, T-Station
Elementary School Walton
Middle School Galvin
High School Wakefield High
Zoning GR
APN 817111
Directions Main To Chestnut
Multifamily Details
Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
Net Operating Income 43092
Operating Expense 48226
Total Actual Rent 7250
Financial Data Source Owner
Expense: Water/ Sewer 5203
Gross Income 87000
Expense: Electricity 710
Lot/ Land Details
Road Frontage Public
$1M
Range: $870K-$1.13M
Last 30 days 
Rental est.: $2,290/month
Gross rent multiplier: 34.5
  • Jun 2025
    mls logo MLS # 73387381
  • Jun 14, 2025 Pending
    —
  • Jun 7, 2025 Listed
    $949,000
  • Jun 7, 2025 Listed
    $949,000
  • 16 Chestnut
    $949K
  • Downtown Wakefield
    $681K -11% y/y
  • 01880
    $849K +19% y/y
  • Wakefield
    $799K -8% y/y
No chart available
Statistics calculated by Movoto

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7/10
Wakefield Memorial High School
public Grades 9-12
Wakefield School District
Source: GreatSchools.org © 2026. All rights reserved.

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Massachusetts Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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