Condo Investment Properties for Sale in Wakefield, MA
Listed for sale 4 days ago
$ 325,000
ROI
21.9
Cash Flow/m
191- 1 Bed
- 1 Bath
- 588 sft
3 Richardson St APT B4, Wakefield, MA, 01880
Listed for sale 4 days ago
$ 415,000
ROI
19.9Cash Flow/m
14- 2 Bed
- 1 Bath
- 936 sft
26 Chestnut St APT 16, Wakefield, MA, 01880
Listed for sale 7 days ago
$ 365,000
ROI
21.7Cash Flow/m
193- 2 Bed
- 1 Bath
- 780 sft
276 Albion St APT 5, Wakefield, MA, 01880
$ 529,900
ROI
23.0Cash Flow/m
434- 3 Bed
- 2 Bath
- 1008 sft
37 Richardson Ave #3704, Wakefield, MA, 01880
Why Invest in Wakefield, Massachusetts?
Investing in condos in Wakefield, MA offers a vibrant opportunity due to its proximity to Boston and strong local economy. With an average rental yield of 5.2%, investors can expect steady cash flow supported by a 4.5% cap rate. The average ROI stands at 7%, reflecting solid appreciation aided by a growing rental market with average rents around $2,200. Additionally, around 60% of housing units are renter-occupied, signaling robust demand for rental properties.
7%
Avg. ROI
5.2%
Rental Yield
4.5%
Cap Rate
$500/mo
Avg. Cash Flow
$2200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Wakefield is approximately 5.2%, offering a competitive return compared to nearby markets.
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