Attention builders, investors and developers. 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.
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!
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!
***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!
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 !!
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.
