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20 Otis St, Wakefield MA 01880

$899,000

Estimated $2,117/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $449,500

Total Rent: 54000/year

Estimated CAP Rate:

3 Bedrooms

Baths

2858

Total Parking: 3

4,748 (0.11)

Rare two-family investment opportunity in the heart of Wakefield! This multi-family home is ideal for an owner-occupant, multigenerational living, or an investor seeking rental income near Boston. Just a short walk to the Wakefield commuter rail station, downtown Wakefield shops and restaurants, and scenic Lake Quannapowitt.Recent upgrades add value and peace of mind: new windows (2022), Unit 2 heating conversion from oil to gas, a fully remodeled bathroom in Unit 1, and a new vinyl fence. The fully fenced yard and private deck off Unit 1 create excellent outdoor space for entertaining or tenants alike.

This home has been viewed 25 times

Last Checked: August 5th, 2026 at 8:13am (Source: MLS PIN #73546627)

Gross Income: $54,000

Gross Expenses: $7,911

Net Income Calc: $46,089

Water Views

Annual Expenses for 20 Otis St, Wakefield MA 01880

Total Gross Expenses (Calculated)$7,911/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7911

Annual Income & Unit Breakdown for 20 Otis St, Wakefield MA 01880

Total Gross Income (Calculated)$54,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 20 Otis St, Wakefield MA 01880

Listing ID73546627

Property TypeMulti Family

Price899000 ($314.56/SqFt)

StyleMulti Family

CityWakefield

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2858

Approximate Lot Size (Acres)0.11

Total Parking3

Garage Parking0

Year Built1800

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningGR

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 20 Otis St, Wakefield MA 01880

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsPersonal Property

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 20 Otis St, Wakefield MA 01880

Real Estate Taxes7911

Tax Year2025

Assessed Value$697,000

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 20 Otis St, Wakefield MA 01880

Elementary SchoolDolbeare/Woodvi

Middle SchoolGalvin Middle

High SchoolWakfield High

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 20 Otis St, Wakefield MA 01880

Agent

Name: Tzortzis Lane Group

Office

Name: Coldwell Banker Realty - Ipswich

Phone: 603-334-1900

Team Members

Payment Calculator

, Interest

Property Taxes 659.25

Principal & Interest 5539.35

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Ipswich

Tzortzis Lane Group

Agent Phone

Office Phone

(603) 334-1900

Text Agent Call Agent Call Office

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    [unparsed] => 20 Otis St, Wakefield MA 01880
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[raw] => 
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EXIT

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