24 Park St Wakefield — Photo 1 of 37
$1,100,000
Investment Analysis — 24 Park St
Wakefield, MA 01880
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01880 carries an estimated $6,540/mo in gross rent — about a 4.13% cap rate and $45,394/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
5
SqFt
3,613
Style
Multi Family
Built
1885
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!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
Geography
Property History
$1,100,000
Sep 17, 2026
MLS® 73578903
$1,130,000
Sep 3, 2026
MLS® 73528798
$1,130,000
Jun 3, 2026
MLS® 73528798
$1,200,000
Dec 24, 2025
MLS® 73435837
$1,200,000
Sep 25, 2025
MLS® 73435837
$1,200,000
Sep 4, 2025
MLS® 73385819
$1,200,000
Jun 4, 2025
MLS® 73385819
Listing Agent: James Fitzgerald
Listing Office: Barrett, Chris. J., REALTORS®
MLS® Number: 73578903