404 Lowell Street
Welcome to 404 Lowell Street in Wakefield, where comfort, style, & sophistication blend together seamlessly. This 8-unit building offers the best in modern living for the ultimate in convenience. Just a short distance away, the picturesque Lake Quannapowitt offers scenic views and recreational activities. Enjoy kayaking, paddle boarding, and picnics, or take advantage of the approximately 3.3-mile loop trail, perfect for walking, running, or biking. 404 Lowell Street is just a short drive away from Market Street in Lynnfield and downtown Wakefield, both providing options for everything from grocery stores and coffee shops to boutique shops and restaurants. Your new home awaits! One, 2-Bedroom unit is designated as affordable and will be rented to households earning at or below 80 % AMI (Area Median Income).
The link to the lottery results is Here
FEATURES
Elevator
Garage & Surface Parking Included
Fitness Center
Common Lounge
Outdoor Pool
Outdoor Courtyard (with grilling stations & seating area)
Restaurant Access

NEIGHBORHOOD
404 Lowell Street is located about a mile from Wakefield’s downtown commercial district, MBTA Wakefield Station commuter rail, & Lake Quannapowitt. Residents will have an easy time commuting to Boston and beyond with close proximity to the MBTA bus route 137, and with an I-95/128 exit on either side of the property.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for 404 Lowell Street are processed on a first come, first served basis, as apartments become available.
If there is no current availability, applications are added to the waiting list and are reviewed upon receipt to ensure completion and proper documentation only. Applications will then be reviewed for eligibility when they are reached on the waiting list.
Applicants will be emailed upon receipt of their application and upon each application review. Please check your email regularly.
JOIN OUR COMMUNITY / AVAILABILITY & ELIGIBILITY
404 Lowell Street is a mixed-income community offering affordable apartment rentals. Eligibility and income restrictions apply. Find current availability and income limits in the table below.
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
- Program: 40B
- Number of Income-Restricted Apartments: 1 (One, 2-Bedroom Unit)
- Apartment Size: 2-Bedroom
- Income-Restricted, ADA-Accessible Apartments: 0
- Maximum Income Limit: 80% AMI (Area Median Income) — Based on HUD Limits
- Asset Limit: No asset limit for 40B
Income and rent limits are determined by HUD on an annual basis. To find out more about the current year’s limits, please visit this link.
Current Rental Availability
Property | # Beds | Rent | Minimum Income | Income Limit (AMI) | Units Available | Accessible Units |
---|---|---|---|---|---|---|
402-410 Washington Street | 1-Bedroom | $2,250 | $67,500 | 80% | 2 | 0 |
Maxwell | Studio | $1,900 | $57,000 | 80% | 7 | 0 |
Maxwell | 1-Bedroom | $2,150 | $64,500 | 80% | 1 | 0 |
The Tremont | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
The Nines | 1-Bedroom | $2,465 | $73,950 | 80% | 1 | 0 |
Anthem Everett | Studio (ADA-M Unit) | $1,903 | $57,090 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
Cable Mills | 2-Bedroom Condo | $185,000 (Purchase Price) | - | 80% | 1 | 0 |
The Cove | 2-Bedroom | $2,587 | $77,610 | 80% | 2 | 0 |
The Cove | 1-Bedroom | $2,195 | $65,850 | 80% | 1 | 0 |
Beacham Street Apartments | 1-Bedroom | $2,100 | $63,000 | 80% | 4 | 0 |
The Avens | 1-Bedroom | $2,464 | $73,920 | 80% | 1 | 0 |
Jefferson Station | 1-Bedroom | $2,324 | $69,720 | 80% | 2 | 0 |
Jefferson Station | 2-Bedroom | $2,739 | $82,170 | 80% | 2 | 0 |
536 Broadway | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
536 Broadway | 2- Bedroom | $2,567 | $77,710 | 80% | 1 | 0 |
Prynne Hills | 1-Bedroom | $2,227 | $66,810 | 80% | 3 | 0 |
Prynne Hills | 2-Bedroom | $2,441 | $73,230 | 80% | 3 | 0 |
The Overlook at St. Gabriel's | 2-Bedroom | $3,704 | $111,120 | 150% | 1 | 0 |
The Overlook at St. Gabriel's | 1-Bedroom | $3,079 | $92,370 | 150% | 1 | 0 |
The Overlook at St. Gabriel's | Studio | $2,833 | $84,990 | 150% | 1 | 0 |
The Overlook at St. Gabriel's | Studio | $2,683 | $80,490 | 150% | 1 | 0 |
The Overlook at St. Gabriel's | Micro Studio | $2,533 | $75,990 | 150% | 1 | 0 |
Mason | 1-Bedroom | $2,288 | $68,640 | 80% | 2 | 1 |
Oxbow Wayland | 2-Bedroom (ADA-M Unit) | $2,650 | $79,500 | 80% | 2 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
Oxbow Wayland | 1-Bedroom | $2,150 | $64,500 | 80% | 1 | 0 |
The Huntington | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
South Standard | Studio | $2,350 | $70,500 | $56,400 | 1 | 0 |
Halstead | 1-Bedroom | $2,400 | $64,800 | 80% | 1 | 0 |
Halstead | 2-Bedroom | $2,600 | $70,200 | 80% | 1 | 0 |
The Reserve at Burlington | 1-Bedroom | $2,250 | $59,400 | 80% | 1 | 0 |
The Reserve at Burlington | Studio | $2,148 | $56,707.20 | 80% | 1 | 0 |
Ellington Metro West | 1-Bedroom | $1,803 | $54,090 | 80% | 1 | 0 |
176-178 Washington | 1-Bedroom | $2,448 | $73,440 | 80 | 1 | 0 |
Tidewater at Salisbury | 1-Bedroom | $2,377 | $71,310 | 80 | 1 | 0 |
Halstead Burlington | Studio | $2,248 | $60,696 | 80% | 1 | 0 |
Arlington 360 | 1 - Bedroom | $2,418 | $72,540 | 80% | 1 | 0 |
Arlington 360 | 2 - Bedroom | $2,689 | $80,670 | 80% | 1 | 0 |
Arlington 360 | 3 - Bedroom | $3,550 | $106,500 | 120% | 1 | 0 |
Portside | 1 - Bedroom | $2,600 | $78,000 | 70% | 1 | 0 |
Gateway at Millis | 2 - Bedroom | $2,659 | $79,770 | 80% | 1 | 0 |
2024 HUD Income Limits
Household Size | 50% | 80% | 120% |
---|---|---|---|
1 Person | $57,100 | $91,200 | $125,076 |
2 Person | $65,300 | $104,200 | $142,944 |
3 Person | $73,450 | $117,250 | $160,812 |
4 Person | $81,600 | $130,250 | $178,680 |
5 Person | $88,150 | $140,700 | $192,974 |
6 Person | $94,700 | $151,100 | $207,269 |
NEXT STEPS
Email: 404Lowell@MaloneyProperties.com Phone: (617) 531-7123 Ext 716 | US Relay 711
INCOME & ELIGIBILITY QUESTIONS / FAQ
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
PROPERTY & COMMUNITY QUESTIONS / FAQ
Property Questions:
What are the move-in fees? First month’s rent (prorated) & a security deposit equal to one month’s rent.
What utilities are included in the rent? Water/Sewer. Tenants are responsible for all other utilities including gas (heating/cooling & hot water), electricity (laundry & cooking), & cable/internet (optional).
Is the stove electric or gas? Electric.
Is the washer/dryer included? Yes. In-unit (Electric).
Is parking available? One garage parking space & one surface lot parking space is included in the rent.
Is storage available? On-site storage is not included nor available to rent/purchase.
What is the pet policy? Pets are allowed.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: 404Lowell@MaloneyProperties.com