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24 Park St, Wakefield MA 01880

$1,200,000

Estimated $3,037.87/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $600,000

Total Rent: 0/year

Estimated CAP Rate: -1.09%

8 Bedrooms

5 Full Baths

3,613 SqFt

Total Parking: 10 (2 Garage)

6,085 SqFt

Nestled in a prime location near downtown Wakefield, this distinctive 2-family home offers exceptional opportunities for the owner-occupant seeking supplemental rental income or the savvy investor searching for a cash-flow positive asset. This spacious home blends original touches with tasteful updates (extensive 2002 addition). The partially finished basement and 3rd level complete with 2 bedrooms, kitchen, and 3/4 bath lends itself to a multigenerational living option. Large vinyl replacement windows throughout provide an abundance of natural light creating a warm, inviting atmosphere. Both units share a large basement as well as a two-level, 800 sq. ft. detached garage- offering flexibility for storage, a workshop, or finished space to provide additional rental income and virtually limitless opportunities. Just short steps to Town Hall, local restaurants, and Lake Quannapowitt as well as easy access to public transportation and major highways, make this your next, wise investment!

This home has been viewed 42 times

Last Checked: June 28th, 2025 at 4:29am (Source: MLS PIN #73385819)

Gross Income: $0

Gross Expenses: $13,105

Net Income Calc: $13,105

CAP Rate: -1.09%

Annual Expenses for 24 Park St, Wakefield MA 01880

Total Gross Expenses (Calculated)$13,105/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$13,105

Annual Income & Unit Breakdown for 24 Park St, Wakefield MA 01880

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms3 Full

Floor2

Levels in Unit3

HeatingYes

Rent Includes

General Information for 24 Park St, Wakefield MA 01880

Listing ID73385819

Property TypeMulti Family

Price$1,200,000 ($332.13/SqFt)

StyleMulti Family

CityWakefield

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,613 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking10 (2 Garage)

Garage Parking2 / Detached

Year Built1885

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsStone

Lot FeaturesLevel, Zero Lot Line

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpaceDeck, Deck - Wood

ZoningGR

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 24 Park St, Wakefield MA 01880

Lead Paint

UFFIUnknown

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 24 Park St, Wakefield MA 01880

Real Estate Taxes$13,105

Tax Year2025

Assessed Value$1,154,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.09%

Location Information for 24 Park St, Wakefield MA 01880

Elementary SchoolDolbeare

Middle SchoolGalvin

High SchoolWmhs

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Laundromat, Bike Path, Public Transportation, T-station, Sidewalks

Contact Information for 24 Park St, Wakefield MA 01880

Agent

Name: James Fitzgerald

Office

Name: Barrett, Chris. J., REALTORS®

Phone: 781-245-5011

Payment Calculator

, Interest

Property Taxes 1092.08

Principal & Interest 7394.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Barrett, Chris. J., REALTORS®

James Fitzgerald

Agent Phone

Office Phone

(781) 245-5011

Text Agent Call Agent Call Office

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                    [modified] => 2025-06-28 04:29:33
                )

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                )

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[23] => Array
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                )

[24] => Array
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                )

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                )

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                    [modified] => 2025-06-28 04:29:33
                )

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                    [modified] => 2025-06-28 04:29:33
                )

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                )

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                    [modified] => 2025-06-28 04:29:33
                )

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                    [modified] => 2025-06-28 04:29:33
                )

[31] => Array
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                    [modified] => 2025-06-28 04:29:33
                )

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                    [index] => 33
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                    [modified] => 2025-06-28 04:29:33
                )

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                    [modified] => 2025-06-28 04:29:33
                )

[34] => Array
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                    [modified] => 2025-06-28 04:29:33
                )

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                    [modified] => 2025-06-28 04:29:33
                )

[36] => Array
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                    [modified] => 2025-06-28 04:29:33
                )

)

)

EXIT