Don’t miss this rare opportunity to acquire a turnkey, income-producing asset in the heart of Wakefield—combining established tenancy, commercial flexibility, recent renovations and an exceptional walkable location. This business-zoned, mixed-use property offers four 1-bedroom apartments plus first-floor commercial space, currently operating as a beauty salon, creating a compelling combination of residential and commercial income potential. All four apartments are leased providing established occupancy and income. Recent renovations include the commercial space and Unit 4 in 2025 and Units 2 and 3 in 2024. This property also offers off-street parking and the convenience of individual utilities. Ideally positioned directly across from the iconic Rockery and Wakefield Common, with downtown shopping, restaurants, cafés and public transportation just steps away. Lake Quannapowitt is also a short stroll away!
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.
Exceptional 3-family opportunity ideal for owner-occupants or investors, offering strong income potential and long-term upside. This well-maintained property is desirably located just a 4-min walk from downtown Wakefield, providing convenient access to shops, dining, and transportation. The building features ample off-street parking with 2 dedicated spaces per unit, along with valuable tenant amenities including 3 private storage units and three separate laundry hookups in the basement. The spacious first-floor unit spans the entire level, offering a generous layout. The second and third units are both townhouse-style apartments, each with two floors of living space. All units are individually metered, with tenants responsible for their own heat and electricity. The first-floor unit is currently rented below market, presenting a clear value-add opportunity through future rent optimization. This property combines location, functionality, and upside—an excellent addition to any portfolio
Experience the perfect blend of convenience and modern design in this beautifully renovated 2-unit multifamily property in a prime Wakefield location. Ideal for owner-occupants, investors, or multigenerational living, both units have been thoughtfully updated with today’s lifestyle in mind. Each unit features stylish kitchens with new cabinetry, stainless steel appliances, updated flooring, and beautifully renovated bathrooms. Bright, sun-filled living spaces and functional layouts provide comfort and flexibility for everyday living. The finished lower level offers valuable bonus space, perfect for a home gym, recreation area, or additional storage. Enjoy a private patio ideal for relaxing or entertaining. Located just moments from Lake Quannapowitt, downtown Wakefield’s restaurants, shopping, parks, and the commuter rail, this turnkey property offers an exceptional opportunity in one of Wakefield’s most desirable locations!
Huge Price Reduction !!. Conveniently located near major highways, dining, shopping, parks, and public transit, this well-maintained home is ready for a rare opportunity for both investors and owner-occupants, featuring two spacious residential units plus a bonus third unit on the finished lower level. The home boasts CertainTeed vinyl clapboard siding and front vinyl shingles , ensuring low-maintenance ownership. The upper two units each offer a full kitchen, living room, and 2 or 3 bedrooms, a full bath, large front porches, ample closet space, high ceilings, and in-unit laundry. The lower level includes a open kitchen living area, room, full bath & in unit laundry. Additional highlights include a two-car garage with parking for up to 4 to 6 vehicles.Schedule Your Showing today !!
Nestled in a prime location near downtown Wakefield, this distinctive 2-family home offers exceptional opportunities for the owner-occupant seeking supplemental rental income or the savvy investor searching for a cash-flow positive asset. This spacious home blends original touches with tasteful updates (extensive 2002 addition). The partially finished basement and 3rd level complete with 2 bedrooms, kitchen, and 3/4 bath lends itself to a multigenerational living option. Large vinyl replacement windows throughout provide an abundance of natural light creating a warm, inviting atmosphere. Both units share a large basement as well as a two-level, 800 sq. ft. detached garage- offering flexibility for storage, a workshop, or finished space to provide additional rental income and virtually limitless opportunities. Just short steps to Town Hall, local restaurants, and Lake Quannapowitt as well as easy access to public transportation and major highways, make this your next, wise investment!
Attention savvy investors and owner-occupants! Discover this incredible value-add opportunity at 293 Albion St, a rare two-family home situated in the highly desirable West Side of Wakefield. This property offers a wealth of classic character with hardwood floors throughout and soaring high ceilings that create an airy, spacious feel. The first-floor unit features three large rooms and one bedroom. The massive second-floor unit is truly exceptional, offering nine rooms and five bedrooms, making it perfect for a large household or an investor looking to maximize rental returns in a high-demand market. The location is unbeatable for commuters, with close proximity to the Commuter Rail station, the Wakefield/Reading bus stop, and quick access to Routes 128/95 and 93. Enjoy the lifestyle benefits of being moments away from scenic Lake Quannapowitt and the vibrant shopping and dining in downtown Wakefield. Bring your vision and custom updates to unlock the full potential of this house.
Wakefield is located in Massachusetts. Wakefield, Massachusetts has a population of 27,041. Wakefield is less family-centric than the surrounding county with 34.85% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Wakefield, Massachusetts is $110,372. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Wakefield is 43.8 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 17.6 degrees. The average rainfall is approximately 49.4 inches per year, with 47.9 inches of snow per year.
