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 14 times
Last Checked: June 23rd, 2026 at 4:58am (Source: MLS PIN #73528798)
Gross Income: $0
Gross Expenses: $14,251
Net Income Calc: $14,251
Water Views
Annual Expenses for 24 Park St, Wakefield MA 01880
Total Gross Expenses (Calculated)$14,251/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax14251
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
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms5
Bathrooms3 Full
Floor2
Levels in Unit3
Rent Includes
General Information for 24 Park St, Wakefield MA 01880
Listing ID73528798
Property TypeMulti Family
Price1150000 ($318.3/SqFt)
StyleMulti Family
CityWakefield
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total3613
Approximate Lot Size (Acres)0.14
Total Parking12 (2 Garage)
Garage Parking2
Year Built1885
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningGR
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 24 Park St, Wakefield MA 01880
Lead PaintNone
UFFINo
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsRefrigerator And Some Personal Belongings
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 24 Park St, Wakefield MA 01880
Real Estate Taxes14251
Tax Year2026
Assessed Value$1,213,900
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 24 Park St, Wakefield MA 01880
Elementary SchoolDolbeare
Middle SchoolGalvin
High SchoolWmhs
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 24 Park St, Wakefield MA 01880