***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!
For sale
Price cut: $40K (9/9)
$1,555,000
22 Park St, Wakefield, MA 01880
6beds
3,068sqft
2 Family - 2 Units Side by Side
Built in 1960
-- sqft lot
$-- Zestimate®
$507/sqft
$-- HOA
What's special
Modern updatesFinished lower levelStylish modern finishesPrivate patioNew cabinetryStainless steel appliancesRenovated bathrooms
- 85 days
- 553
- 26
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Krassi Diehl 617-784-0601,
William Raveis R.E. & Home Services 978-610-6369
Source: MLS PIN,MLS#: 73542126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Wood, Tile, Vinyl
- Basement: Finished,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 3,068
- Total interior livable area: 3,068 sqft
- Finished area above ground: 2,188
- Finished area below ground: 880
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Paved Drive, Off Street, Tandem, Deeded
- Uncovered spaces: 5
Features
- Patio & porch: Patio
Lot
- Size: 5,183 Square Feet
Details
- Parcel number: 818518
- Zoning: GR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Side by Side
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access, House of Worship
Location
- Region: Wakefield
Financial & listing details
- Price per square foot: $507/sqft
- Tax assessed value: $823,600
- Annual tax amount: $9,669
- Date on market: 7/11/2026
- Total actual rent: 0
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Price change | $1,555,000-2.5%$507/sqft |
Source: MLS PIN #73542126 Report a problem | ||
| 8/8/2026 | Price change | $1,595,000-1.2%$520/sqft |
Source: MLS PIN #73542126 Report a problem | ||
| 6/26/2026 | Listed for sale | $1,615,000$526/sqft |
Source: MLS PIN #73542126 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 01880
Nearby schools
Schools provided by the listing agent
- Middle: Galvin
- High: Wmhs
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




