Active
2 Days on market
24 Park St Wakefield — Photo 1 of 37

24 Park St Wakefield — Photo 1 of 37

$1,100,000

24 Park St, Wakefield, MA 01880

Wakefield, MA 01880

Investor Analysis

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!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$304/sqft
Local Avg (Wakefield)$413/sqft
26% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Wakefield, MA.

Property Details

Financials

Original Price$1,100,000
Annual Taxes$14,251

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms17
Fireplaces2
FlooringWood, Tile, Laminate, Pine, Stone/Ceramic Tile
BasementPartially Finished, Bulkhead, Sump Pump, Unfinished

Climate & Utilities

HeatingForced Air, Oil, Electric
CoolingWindow Unit(s), Wall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofShingle
FoundationStone
ZoningGR

Property & Lot

Acres0.14
SqFt Lot6,085
Lot FeaturesZero Lot Line, Level

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path

Geography

Property History

Listed
$1,100,000

Sep 17, 2026

MLS® 73578903

Expired
$1,130,000

Sep 3, 2026

MLS® 73528798

Listed
$1,130,000

Jun 3, 2026

MLS® 73528798

Expired
$1,200,000

Dec 24, 2025

MLS® 73435837

Listed
$1,200,000

Sep 25, 2025

MLS® 73435837

Expired
$1,200,000

Sep 4, 2025

MLS® 73385819

Listed
$1,200,000

Jun 4, 2025

MLS® 73385819

Population

27,793

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

29.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: James Fitzgerald

Listing Office: Barrett, Chris. J., REALTORS®

MLS® Number: 73578903

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