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    24 Park St Wakefield, MA 01880

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    For Sale
    $1,200,000

    Two-family home near downtown Wakefield with income potential.

    Lot size:
    0.14 Acres

    Property Features for 24 Park St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1885

    Source: Barrett, Chris. J., REALTORS Agent James Fitzgerald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wakefield Two-Family Home Near Downtown

    Located near downtown Wakefield, this two-family home presents opportunities for owner-occupants seeking rental income or investors looking for a cash-flow positive asset. The spacious home combines original features with updates, including an extensive addition in 2002. A partially finished basement and a third level, complete with two bedrooms, a kitchen, and a 3/4 bath, offer multigenerational living options. Large vinyl replacement windows provide natural light. Both units share a large basement and an 800 sq. ft. two-level detached garage, offering storage, workshop space, or the potential for additional rental income. The property is located near Town Hall, local restaurants, and Lake Quannapowitt, with access to public transportation and major highways.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0692865
    Latitude
    42.5064866

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    FAQs

    What type of property is this?
    Duplex - Two-family home near downtown Wakefield with income potential.
    Where is this duplex located?
    The property is located at 24 Park St Wakefield, MA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime location near downtown Wakefield, close to Town Hall, restaurants, and Lake Quannapowitt.; - Two-family home offering rental income potential.; - Partially finished basement and finished 3rd level suitable for multi-generational living, featuring 2 bedrooms, kitchen, and 3/4 bath.
    (781) 245-4498
    Request Owner's contact information
    24 Park St Wakefield, MA 01880
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 Park St Wakefield, MA 01880
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