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20 Otis St, Wakefield MA 01880

Wakefield, MA 01880
$939,900
Est. $5,612/month
4
Beds
2
Baths
2,858
Sq Ft
$329
Price/Sq Ft
0.11
Acres
1800
Year Built
3
Parking
Multi Family
Type
11
Days on Market
Active Listed Jul 8, 2026 • MLS# 73546627 Copied! • Updated Jul 13, 2026

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.

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

👁️
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

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 5.75%
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
Construction Frame
Architecture None
Roof Shingle
Features Balcony/deck
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch Deck - Wood
Features Paved Drive, Off Street, Tandem
Total Spaces 3
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
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
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) 5 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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
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
E

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
M

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
H

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
School data provided by BMN Schools

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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $659
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
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Payment Over Time

Interest
Principal
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

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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 13, 2026 9:56 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

Steven Novak
Steven Novak
BMN Boston Real Estate
(617) 955-2224 mail@steve-novak.com
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