Don’t miss this rare opportunity to acquire a turnkey, income-producing asset in the heart of Wakefieldcombining 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!
Downtown Wakefield, located between Lake Quannapowitt and the Wakefield–Melrose line, is a walkable and historic Wakefield neighborhood with a commuter-rail hub and a classic Main Street streetscape. The neighborhood’s character concentrates around Main Street at Albion Street, where cafés, bakeries, small restaurants, and storefront services keep the sidewalks active. The Beebe Estate anchors local culture with exhibits and community programming in a landmark mansion. The Wakefield Farmers Market brings seasonal color to the civic calendar. Architecture mixes late-19th-century commercial blocks with triple-deckers and compact single-family homes. The lake’s loop path and pocket parks shape daily routines.
Provided by Walk Score and Local Logic
Offer insights
306 Main St · $1,550,000
$1.56M and above
75% chance or better to win
Why $1.56M+ is a strong offer
DAYS ON MARKET
38 days
The average home goes pending in 23 days.
SALE-TO-LIST
99.7%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Living
Interior features
16 total rooms
Full basement, partially finished with interior entry and bulkhead, concrete floors
Bathrooms
4 full bathrooms
1 half bathroom
Kitchen
Range
Refrigerator
Laundry & utility
Washer
Dryer
Flooring
Tile
Carpet
Heating & cooling
Electric heating
Window air conditioning units
Exterior features
Corner lot
Public road frontage
Walkable to lake and waterview
Home design
4-family building (4 units, up/down)
5 total stories
White exterior
Parking
Off-street paved parking
6 open parking spaces
Construction
Stone foundation
Approximately built (public records)
Utilities
Public water
Public sewer
Individually metered electric
Electric range hookup
HOA & community
Community amenities nearby: public transportation, shopping, parks, walk/jog trails, medical facility, laundromat, bike path, highway access, house of worship, schools, T-Station, sidewalks
Financial info
Multi-family investment property with four leased units
Electricity and solar
View estimated energy costs and solar savings for this home
Thriving building set in an amazing downtown Wakefield location. Business zoned multi unit mixed use building. Features 4 1 bedroom apartments and a 900 + -S/F 1st floor retail space currently in use as an antique shop. All residential units have individual electric appliances and heat. The retail space is FHW by gas. There is parking for approximately 5 cars.
Public Records
May 24, 1988
Sold
$283,000
$80/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$450,800 + $624,000
$1,074,800
2024
$446,300 + $617,900
$1,064,200
2023
$405,400 + $561,200
$966,600
2022
$248,000 + $330,800
$578,800
2021
$223,800 + $331,900
$555,700
2020
$213,900 + $317,200
$531,100
2019
$201,800 + $299,300
$501,100
2018
$189,900 + $270,100
$460,000
2017
$183,500 + $261,000
$444,500
2016
$180,400 + $267,400
$447,800
2015
$172,000 + $254,900
$426,900
2014
$168,600 + $249,900
$418,500
2013
$149,500 + $261,000
$410,500
2012
$149,500 + $261,000
$410,500
2011
$149,500 + $261,000
$410,500
2010
$182,700 + $261,000
$443,700
2009
$182,700 + $261,000
$443,700
Public record
Beds
4
Baths
4.5
Stories
3
Lot width
—
Lot depth
—
Lot size
5,227 Sq. Ft.
Year renovated
1971
Finished Sq. Ft.
3,542
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,542
Year built
1880
Style
Other
County
Middlesex County
APN
2998234S
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 10, 2026.
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
We're working on getting current and accurate fire risk information for this home.
5/10 Heat Factor
7 hot days expected this year, 16 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Wakefield, MA • 01880
Average low and high temperatures (°F)
34
20
36
21
50
32
59
41
68
51
80
62
84
66
80
61
74
57
64
46
53
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 306 Main St
$1,470,973
$79K under list price of $1.55M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $819K to $1.5M.