404 Lowell Street

404 Lowell Street Wakefield, MA 01880

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

Lake Quannapowitt in Wakefield

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# BedsRentMinimum IncomeIncome Limit (AMI)Units AvailableAccessible Units
11-15 Market Street2-Bedroom$1,703$51,09060%50
The Tremont2-Bedroom$2,746$94,242.7280% 10
The Nines1-Bedroom$2,465$73,95080% 10
The GuildStudio$2,088$91,20181% (Minimum) - 110% (Maximum)10
Maxwell1-Bedroom (ADA-M Unit)$2,327$69,81080%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Presidential PointStudio$1,765$52,95080%10
Presidential Point1 -Bedroom$1,875$56,25080%62 Units built out for Households with Mobility Impairments
Presidential Point2-Bedroom$2,232$66,96080%30
436 Washington Street1-Bedroom$1,900$57,00080%50
402-410 Washington Street1-Bedroom$2,485$74,55080%20
402-410 Washington Street2-Bedroom$2,772$83,16080%10
West Of Center Apartments1-Bedroom$1,648$56,502 (Rent cannot exceed 35% of income)80%30
West Of Center Apartments2-Bedroom$1,966$67,405 (Rent cannot exceed 35% of income)80%20
West Of Center Apartments3-Bedroom$2,245$76,971 (Rent cannot exceed 35% of income)80%10
400 West Broadway1-Bedroom (ADA-M Unit)$1,621$48,63070%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Oxbow Wayland1-Bedroom$2,150$64,50080%30
Anthem EverettMicro 1-Bedroom$2,149$64,47080%30
Anthem EverettStudio (ADA-M & ADA-MH Units)$1,903$57,09080%4 (ADA-M & ADA-MH Units)3 Units built out for Households with Mobility Impairments; 1 Unit built out for Households with Mobility Impairments and/or that are Deaf/Hard of Hearing
Orchards2-Bedroom$2,154$51,69680%21 Unit built out for Households with Mobility Impairments
Cable Mills 2-Bedroom Condo$185,000 (Purchase Price)-80%10
Village Green1-Bedroom$1,950$58,50080%10
Village Green2-Bedroom$2,296$68,88080%10
The Cove2-Bedroom$2,587$77,61080% 20
The Cove1-Bedroom$2,195$65,85080% 10
Halstead2-Bedroom $2,900$78,30080%20
Beacham Street Apartments 1-Bedroom $2,257$67,71080% 51 Unit built out for Households with Mobility Impairments
The Avens1-Bedroom$2,464$73,92080%10
Emery Flats 1-Bedroom$2,263$67,89080% 10
Emery Flats Studio $2,131$63,93080% 10
Essex Landing 1-Bedroom$2,100$63,00080%10
Jefferson Station 1-Bedroom$2,324$69,72080% 10
536 Broadway 1-Bedroom$2,100$63,00080% 10
536 Broadway Studio$1,925$57,75080% 10
The IndieStudio (Certified-Artist Unit Only)$1,130$33,90060%1 (Certified-Artist Only Unit)0
Canton Woods2-Bedroom$2,610$78,30080% 10
Canton Woods1-Bedroom$2,159$64,77080% 10
16 Laurel1-Bedroom$2,100$63,00080% 1 1 Unit built out for Households with Mobility Impairments
16 Laurel2-Bedroom$2,400$72,00080% 11 Unit built out for Households with Mobility Impairments
Portside1-Bedroom$2,600$78,000120%10
Prynne Hills1-Bedroom$2,227$66,81080%30
404 Lowell Street 2-Bedroom$2,689$80,67080%10
The Reserve at BurlingtonStudio$2,048$54,067.2080% 10
Ellington Metro West2-Bedroom$1,978$59,34080%10
80 Bridge 1-Bedroom$2,078$62,34080%10
The Sudbury1-Bedroom$1,621$48,63080% 10

2024 HUD Income Limits

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
Household Size50%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

The next step is to request a rental application, and then complete and submit your application. Applications will be processed on a first-come, first-served basis. If there is no current vacancy, you’ll be added to our waitlist in the order received. 

 

Email: 404Lowell@MaloneyProperties.com Phone: (617) 531-7123 Ext 716 | US Relay 711

Free language assistance is available for those whose primary language is not English or have limited English proficiency. For more information or reasonable accommodations for persons with disabilities, please contact us.

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.

Tel: (617) 531-7123 Ext 716 – US Relay 711
Email: 404Lowell@MaloneyProperties.com