22 Park St, Wakefield MA 01880
Wakefield, MA 01880
$1,615,000
$1,555,000
Est. $8,869/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
***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!
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
3.7%
Price Range
Property Timeline
Price Reduced
Sep 9, 2026
$1,555,000
$40,000
(-2.51%)
From $1,595,000 to $1,555,000 (-2.5%)
Price Reduced
Aug 8, 2026
$1,595,000
$20,000
(-1.24%)
From $1,615,000 to $1,595,000 (-1.2%)
Listed for Sale
Jun 26, 2026
$1,615,000
Original listing
Agent: Krassi Diehl
Office: William Raveis R.E. & Home Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/09/2026 | ↓ Price Reduced | $1,555,000 | $40,000 | - | From $1,595,000 to $1,555,000 (-2.5%) |
| 08/08/2026 | ↓ Price Reduced | $1,595,000 | $20,000 | - | From $1,615,000 to $1,595,000 (-1.2%) |
| 06/26/2026 | 🏠 Listed for Sale | $1,615,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,669 | $823,600 |
Financial Details
Annual Property Tax
$9,669
Tax Year 2026
Assessed Value
$823,600
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Side by Side
Year Built
1960
Living Area
3,068 sq ft
Lot Size
0.12 acres
Stories
6
Bedrooms
6
Full Baths
2
Half Baths
2
Total Rooms
13
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile, Vinyl
Appliances
None
Fireplace
None
Basement
Finished, Interior Entry
Laundry
Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Patio
Parking
Features
Paved Drive, Off Street, Tandem, Deeded
Total Spaces
5
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Dryer, Washer Hookup
Financial
Annual Tax
$9,669
Assessed Value
$823,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Re Taxes Based On Mf Prior To Renovation. New Vinyl Siding. Also Listed Under Condo Mls #73533243 (unit A) And And Mls #73533245 (unit B).
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Measured
Sq Ft Disclosures
Measurements for marketing only. Buyer(s) and buyers agent to do own due diligence
Documents
None
County
Middlesex
Total market time (incl. prior listings)
80 days
Property Overview
Property Type
2 Family - 2 Units Side by Side
Listing Type
For Sale
Year Built
1960
Bedrooms
6
Full Bathrooms
2
Half Bathrooms
2
Living Area
3,068 sq ft
Total Rooms
13
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,188 sq ft above grade
880 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPatio
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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, Vinyl
Appliances:
Interior Features:
Windows:
Basement:
Finished, Interior Entry
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1960
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
6
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
5
Parking Features:
Paved Drive, Off Street, Tandem, Deeded
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
3 schools
St. Joseph Elementary School
0.6 mi
Grades PK-08
B+
Walton School
0.8 mi
|
#300 of 825
|
Score: 50.8
Improved 124 spots from last year
-7.4 below state avg
221 students
Less Diverse
Rising School
Strong Attendance
Grades K-04
A
Dolbeare School
0.9 mi
|
#160 of 825
|
Score: 56.5
Improved 34 spots from last year
-1.7 below state avg
425 students
Less Diverse
Rising School
Strong Attendance
Grades K-04
Middle Schools
3 schools
A-
Galvin Middle School
0.5 mi
|
#80 of 352
|
Score: 51.9
Improved 4 spots from last year
-6.3 below state avg
1,076 students
Moderate
Strong Attendance
Grades 05-08
B+
Stoneham Central Middle School
2.0 mi
|
#129 of 352
|
Score: 46.2
Dropped 30 spots from last year
-12 below state avg
678 students
Moderate
Strong Attendance
Grades 05-08
A
Lynnfield Middle School
2.2 mi
|
#59 of 352
|
Score: 55.5
Improved 33 spots from last year
-2.7 below state avg
710 students
Moderate
Rising School
Strong Attendance
Grades 05-08
High Schools
3 schools
EMARC - Life Choices & Employment Services
0.2 mi
Grades 09-12
Nazareth Academy
0.7 mi
Grades 09-12
A-
Wakefield Memorial High School
1.5 mi
|
#80 of 346
|
Score: 63.2
Improved 15 spots from last year
+5 above state avg
871 students
Moderate
18 sports
• 1,930 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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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
$806
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
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Current Rate
$0/mo
+0.5% Rate
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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
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Neighborhood
22 Park St, Wakefield MA 01880
Wakefield, MA 01880
Listing Information
Listing Agent
Krassi Diehl
Listing Office
William Raveis R.E. & Home Services
Office Phone
978-610-6369
Agent MLS ID
CN227358
Office MLS ID
AN0130
Listing Data Updated
Sep 13, 2026 4:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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