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    Wakefield, MA
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    Wakefield, MA Multifamily Properties for Sale

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    Two-Family Residential Income Property
    Updated: Jul 8
    Two-Family Residential Income Property

    20 Otis St, Wakefield, MA 01880

    $899,000
    2,858 sqft
    Two‑family property in Wakefield built in 1800
    New windows installed in 2022
    Unit 2 heating conversion from oil to gas
    Fully remodeled bathroom in Unit 1
    Fully fenced yard plus a private deck off Unit 1
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    This listing looks promising.

    Here's a quick look at some key insights for

    20 Otis St, Wakefield, MA 01880

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $60K
      Annual

    • Price @ 7% Cap

      $864K
      Suggested

    • Property Type

      Duplex
      Built 1957
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    Two-Family Duplex with Hardwood Floors
    Updated: Apr 15
    Two-Family Duplex with Hardwood Floors

    293 Albion St, Wakefield, MA 01880

    $749,000
    1,942 sqft 0.07 AC lot
    0.0704‑acre lot with 1,942 SF two‑family duplex at 293 Albion St
    First‑floor unit: three large rooms and one bedroom
    Second‑floor unit: nine rooms and five bedrooms
    Hardwood floors throughout plus high ceilings
    Fireplace included
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    Two-Family Home in Wakefield
    Two-Family Home in Wakefield

    293 Albion St, Wakefield, MA 01880

    $749,000
    1,942 sqft

    Value-add two-family home in Wakefield's desirable West Side.

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    Side-by-Side Duplex Opportunity
    Side-by-Side Duplex Opportunity

    2-2A Newell Rd, Wakefield, MA 01880

    $949,000
    4,002 sqft

    Side-by-side duplex with two units, each offering four bedrooms and two bathrooms plus unfinished basement space.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Property with Four Apartments
    Mixed-Use Property with Four Apartments

    306 Main St, Wakefield, MA 01880

    $1,550,000

    Business-zoned property combining leased residential units with first-floor commercial space and off-street parking.

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    Triplex With Finished Lower-Level Unit
    Triplex With Finished Lower-Level Unit

    14 Columbia Rd, Wakefield, MA 01880

    $1,150,000

    Upper units feature full kitchens, porches, high ceilings, and in-unit laundry.

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    Wakefield Four-Family Home
    Wakefield Four-Family Home

    43-45 Crescent St, Wakefield, MA 01880

    $1,000,000

    Well-maintained four-family home in convenient Wakefield location.

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    Two-Family Residential Income Property
    Two-Family Residential Income Property

    3 Walnut St, Wakefield, MA 01880

    $849,900

    Two-family duplex includes two separate driveways, a private backyard deck, and a newer roof.

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 8 Active listings in Wakefield, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    9 Elm Street, Melrose, MA 02176

    $1,049,000
    2,630 sqft 0.13 AC lot

    Three-story two-family building with two 3-bedroom units, each featuring in-unit laundry and a private porch.

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    Two-Family Residential Income Home
    Two-Family Residential Income Home

    40 Wright Street, Stoneham, MA 02180

    $829,000
    2,023 sqft

    Renovated two-family residence with open living layouts, offering flexible options for owner-occupants or investors.

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    Oversized Two-Family Income Property
    Oversized Two-Family Income Property

    28 Washington Street, Stoneham, MA 02180

    $1,059,000
    2,970 sqft

    Two separately metered units with in-unit laundry and off-street parking, currently rented and ready for owner-occupants.

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    Permitted 15-Unit Multifamily Building
    Permitted 15-Unit Multifamily Building

    272 Tremont St, Melrose, MA 02176

    Contact for pricing
    18,930 sqft

    ZBA-approved 15-unit building proposal includes residential units plus 600 sf of commercial space and resident parking.

    View details

    Off-Market Properties in Wakefield, MA

    Consider similar Off-Market properties in Wakefield, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    16 Lafayette St
    BOARDING/ROOMING HOUSE

    16 Lafayette St, Wakefield, MA 01880-2305

    $955,000
    Estimated value
    2,943 sqft 0.28 AC lot
    View details
    29 Gould St
    BOARDING/ROOMING HOUSE

    29 Gould St, Wakefield, MA 01880-2737

    $470,000
    Estimated value
    2,702 sqft 0.10 AC lot
    View details
    21 Cres St
    BOARDING/ROOMING HOUSE

    21 Cres St, Wakefield, MA 01880-2468

    $18,750,000
    Estimated value
    135,065 sqft 1.58 AC lot
    View details
    200-202 Main St
    BOARDING/ROOMING HOUSE

    200-202 Main St, Wakefield, MA 01880

    $1,040,000
    Estimated value
    7,326 sqft 1.14 AC lot
    View details
    18 Lafayette St
    BOARDING/ROOMING HOUSE

    18 Lafayette St, Wakefield, MA 01880-2305

    $765,000
    Estimated value
    4,676 sqft 0.27 AC lot
    View details
    55th Chestnut St
    BOARDING/ROOMING HOUSE

    55th Chestnut St, Wakefield, MA 01880-2236

    $670,000
    Estimated value
    3,667 sqft 0.13 AC lot
    View details

    Wakefield, MA Multifamily Properties Market Trends and Statistics

    Explore 14 multifamily properties for sale in Wakefield, MA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 10,744 square feet of properties for sale, with an estimated market value of $7,895,900.

    Sale prices for multifamily properties in Wakefield, MA start at $749,000, averaging $986,987, and reaching up to $1,550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 5
    Quadplexes 2
    Triplexes 1

    Demographics Overview

    Population 27K
    Population Growth (5Y) +2.3%
    Median Household Income $130,419
    College Educated 82.2%

    High-Yield Neighborhoods for Investment

    Identify Wakefield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01880 $952.8K

    Taxes & Financing

    Tax Rate (average for all types) 2.08%
    Property Tax per SF $19.74 per SF
    Tax Rate vs County Average 0.32 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Middlesex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Middlesex County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Wakefield fall within the 2,500 to 5,000 square foot range.

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