20 Otis St, Wakefield MA 01880
Wakefield, MA 01880
$939,900
$899,000
Est. $5,405/month
About this home
Rare two-family investment opportunity in the heart of Wakefield! This multi-family home is ideal for an owner-occupant, multigenerational living, or an investor seeking rental income near Boston. Just a short walk to the Wakefield commuter rail station, downtown Wakefield shops and restaurants, and scenic Lake Quannapowitt.Recent upgrades add value and peace of mind: new windows (2022), Unit 2 heating conversion from oil to gas, a fully remodeled bathroom in Unit 1, and a new vinyl fence. The fully fenced yard and private deck off Unit 1 create excellent outdoor space for entertaining or tenants alike.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Market Insights
1
Price Changes
4.4%
Price Range
Property Timeline
Price Reduced
Jul 22, 2026
$899,000
$40,900
(-4.35%)
From $939,900 to $899,000 (-4.3%)
Showing Instructions Updated
Jul 14, 2026
New showing requirements
Showing Instructions Updated
Jul 13, 2026
New showing requirements
Listed for Sale
Jul 8, 2026
$939,900
Original listing
Agent: Tzortzis Lane Group
Office: Coldwell Banker Realty - Ipswich
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/22/2026 | ↓ Price Reduced | $899,000 | $40,900 | - | From $939,900 to $899,000 (-4.3%) |
| 07/14/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/13/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/08/2026 | 🏠 Listed for Sale | $939,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,911 | $697,000 |
Financial Details
Annual Property Tax
$7,911
Tax Year 2025
Assessed Value
$697,000
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1800
Living Area
2,858 sq ft
Lot Size
0.11 acres
Bedrooms
4
Full Baths
2
Total Rooms
11
Investment Metrics
Units
2
Unit 1 Rent
$2,200/mo · N
Unit 2 Rent
$2,300/mo · N
Total Monthly Rent
$4,500/mo
Gross Income
$54,000
Net Operating Income
$54,000
Cap Rate
6.01%
Interior
Heating
Oil, Natural Gas
Cooling
None
Flooring
Wood, Tile, Carpet
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Full, Partially Finished, Walk-out Access
Laundry
Gas Dryer Hookup, Electric Dryer Hookup
Features
Ceiling Fan(s), Bathroom With Shower Stall, Bathroom With Tub & Shower, Living Room, Kitchen, Office/den
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Deck - Wood
Parking
Features
Paved Drive, Off Street, Tandem
Total Spaces
3
Utilities
Electric
100 Amp Service, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Oven, For Electric Oven, For Gas Dryer, For Electric Dryer
Financial
Annual Tax
$7,911
Assessed Value
$697,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Measured
Sq Ft Disclosures
Floor Plans Are for Marketing Purposes Only. Buyers to do their own due diligence.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
20 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1800
Bedrooms
4
Full Bathrooms
2
Living Area
2,858 sq ft
Total Rooms
11
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,858 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Carpet
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Ceiling Fan(s), Bathroom with Shower Stall, Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
Windows:
Basement:
Full, Partially Finished, Walk-Out Access
Laundry:
Gas Dryer Hookup, Electric Dryer Hookup
Security:
Construction & Materials
Year Built:
1800
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Oil, Natural Gas
Heating Zones:
2
Cooling:
Hot Water:
Natural Gas, Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Deck - Wood
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street, Tandem
Nearby Schools
School District
Wakefield School District local
A-
School Safety
2024-25
0.5%
Low
0.5%
Suspensions
0.3%
In-School
5.0% below state avg
Elementary Schools
6 schools
St. Joseph Elementary School
0.6 mi
Grades PK-08
A-
Woodville School
1.0 mi
|
#192 of 824
|
Score: 55.5
Improved 38 spots from last year
-2.7 below state avg
456 students
Moderate
Rising School
Grades PK-04
A
Dolbeare School
1.0 mi
|
#153 of 824
|
Score: 57.0
Improved 41 spots from last year
-1.2 below state avg
443 students
Less Diverse
Rising School
Grades K-04
B+
Walton School
1.0 mi
|
#293 of 824
|
Score: 51.0
Improved 131 spots from last year
-7.3 below state avg
218 students
Less Diverse
Rising School
Grades K-04
Early Childhood Center at the Doyle School
1.1 mi
128 students
Moderate
Grades PK
A-
Greenwood School
1.7 mi
|
#194 of 824
|
Score: 55.4
Improved 55 spots from last year
-2.8 below state avg
227 students
Less Diverse
Rising School
Strong Attendance
Grades K-04
Middle Schools
1 school
A-
Galvin Middle School
0.4 mi
|
#79 of 352
|
Score: 52.1
Improved 5 spots from last year
-6.1 below state avg
1,056 students
Moderate
Strong Attendance
Grades 05-08
High Schools
4 schools
EMARC - Life Choices & Employment Services
0.1 mi
Grades 09-12
Nazareth Academy
0.8 mi
Grades 09-12
A-
Wakefield Memorial High School
1.3 mi
|
#79 of 346
|
Score: 62.6
Improved 16 spots from last year
+4.4 above state avg
854 students
Moderate
18 sports
• 1,930 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
B+
Northeast Metropolitan Regional Vocational High School
1.4 mi
|
#141 of 346
|
Score: 56.5
Improved 81 spots from last year
-1.7 below state avg
1,381 students
Diverse
17 sports
• 1,818 athletes
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$659
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
Loading map...
Neighborhood
20 Otis St, Wakefield MA 01880
Wakefield, MA 01880
Listing Information
Listing Agent
Tzortzis Lane Group
Listing Office
Coldwell Banker Realty - Ipswich
Office Phone
603-334-1900
Agent MLS ID
TM356425
Office MLS ID
AN8678
Listing Data Updated
Jul 28, 2026 1:14 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Wakefield.
Steve Novak Real Estate
Your message will be sent to Steve Novak Real Estate.