Active
79 Days on market
22 Park St Wakefield — Photo 1 of 41

22 Park St Wakefield — Photo 1 of 41

Recent Drop: $60,000

$1,615,000
$1,555,000

$1,555,000

22 Park St, Wakefield, MA 01880

Wakefield, MA 01880

Investor Analysis

Beds

6

Baths

3

SqFt

3,068

Style

2 Family - 2 Units Side by Side

Built

1960

***PRICE IMPROVEMENT***TURNKEY 2-UNIT MULTIFAMILY | RENOVATED | PRIME WAKEFIELD LOCATION | INVESTMENT OPPORTUNITYExceptional opportunity for owner-occupants, investors, or multigenerational living! This beautifully renovated 2-unit multifamily property combines modern updates, flexible living space, and a highly desirable Wakefield location—making it an ideal choice for those seeking income potential, long-term investment value, or a versatile multi-generational home. Both units have been thoughtfully updated and offer bright, sun-filled living spaces, functional layouts, and stylish modern finishes. Each unit features 3 bedrooms, 1.5 baths, a beautifully updated kitchen with new cabinetry, stainless steel appliances, and updated flooring, along with renovated bathrooms designed for today’s lifestyle. The property also offers a finished lower level, providing valuable bonus space that can be used as a home gym, recreation room, hobby space, office, or additional storage. Step outside to enjoy a private patio, perfect for outdoor dining, relaxing, or entertaining.Whether you're looking to live in one unit and generate rental income from the other, expand your investment portfolio, accommodate extended family, or maximize the flexibility of a two-family property, this turnkey multifamily delivers.Enjoy the best of Wakefield with Lake Quannapowitt just moments away, plus easy access to downtown restaurants, shopping, parks, recreation, and the commuter rail. The combination of renovated interiors, flexible living space, outdoor space, and a prime location makes this a compelling opportunity for both homeowners and investors.Move-in ready. Income-producing potential. Prime location. Endless possibilities. Don't miss this outstanding Wakefield multifamily opportunity!

Immersive Experience

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Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$507/sqft
Local Avg (Wakefield)$431/sqft
18% AboveMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Wakefield, MA.

Property Details

Financials

Original Price$1,615,000
Annual Taxes$9,669

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms13
FireplacesNone
FlooringWood, Tile, Vinyl
BasementFinished, Interior Entry

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningGR

Property & Lot

Acres0.12
SqFt Lot5,183
Lot Features--

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Highway Access • House of Worship

Geography

Property History

Price Drop
$1,555,000

Was $1,595,000

Sep 9, 2026

MLS® 73542126

Price Drop
$1,595,000

Was $1,615,000

Aug 8, 2026

MLS® 73542126

Listed
$1,615,000

Jun 25, 2026

MLS® 73542126

Listed
$759,000

Jun 10, 2026

MLS® 73533243

Listed
$809,000

Jun 10, 2026

MLS® 73533245

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

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

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

Listing Provided By

Listing Agent: Krassi Diehl

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73542126

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