Active
44 Days on market
20 Otis St Wakefield — Photo 1 of 36
Recent Drop: $40,900
$939,900$899,000
$899,000
20 Otis St, Wakefield, MA 01880
Wakefield, MA 01880
Beds
3
Baths
2
SqFt
2,858
Style
Multi Family
Built
1800
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.
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$315/sqft
Local Avg (Wakefield)$419/sqft
25% BelowMarket Average
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Wakefield, MA.
Property Details
Financials
Original Price$939,900
Annual Taxes$7,911
Parking
Garage0
Off-Street3
Interior Specifications
Total Rooms11
FireplacesNone
FlooringWood, Tile, Carpet
BasementFull, Partially Finished, Walk-Out Access
Climate & Utilities
HeatingOil, Natural Gas
Cooling--
WaterPublic
SewerPublic Sewer
Building & Exterior
ConstructionFrame
RoofShingle
FoundationStone
ZoningGR
Property & Lot
Acres0.11
SqFt Lot4,748
Lot Features--
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access
Geography
Property History
Price Drop
$899,000
Was $939,900
Jul 22, 2026
MLS® 73546627
Listed
$939,900
Jul 8, 2026
MLS® 73546627
Population
27,793
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$134K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
29.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Provided By
Listing Agent: Tzortzis Lane Group
Listing Office: Coldwell Banker Realty - Chelmsford
MLS® Number: 73546627
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