INNOVATE Real Estate
Residential Income at 38 - 40 Cedar Street, Wakefield
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28 photos

$499,900

Under contract
38 - 40 Cedar Street
Wakefield, NH 03872
Listed by Amy Taatjes · KW Coastal and Lakes & Mountains Realty/Wolfeboro
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2005

About this home

Fantastic investment or owner-occupant opportunity in low-tax Wakefield, NH! This spacious, well-maintained duplex features two 2-bedroom, 1.5-bath units, each with separate utilities and private basements. Enjoy outdoor living with private decks overlooking a large, shared backyard, perfect for relaxing or entertaining. Walk to downtown restaurants, shopping, the town beach, and the rail trail. Easy access to Route 16 makes commuting a breeze. A rare opportunity you won’t want to miss! Schedule your private showing today.

Property details

MLS
Prime MLS
MLS #
5087201
Property type
Residential Income
Subdivision
N/A
Status
Under contract
Days on market
75
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.24 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Paul Elementary School
0.45 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
465
Student:teacher ratio
10.8:1
District
Wakefield School District
Middle
Crescent Lake School
7.95 mi away · Grades 4-6
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
176
Student:teacher ratio
10.4:1
District
Governor Wentworth Reg School District
High
Kingswood Regional High School
8.22 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
728
Student:teacher ratio
11.6:1
District
Governor Wentworth Reg School District

Walkability

Blended score for Wakefield's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

24
Car-dependent
out of 100
EPA National Walkability Index
7.5 / 20 -- Below average walkable
Google Places amenity density
3 / 100
Restaurants & cafes1
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Wakefield, from live MLS data.

On the market 75 days -- 11 more days than Wakefield's current average of 64 days.
For reference, the median list price across 68 active listings in Wakefield right now is $519,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$3,160/mo
$99,980 down
$399,920 loan
Principal & interest$2,594
Property tax (est.)$417
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 07/20/26.