20 Otis St, Wakefield, MA, 01880
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1800
Materials
- Foundation: Stone
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
- Laundry features: Gas Dryer Hookup,Electric Dryer Hookup
Basement
- Has basement: Yes
- Basement: Full,Partially Finished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Ceiling Fan(s),Bathroom with Shower Stall,Bathroom With Tub & Shower,Living Room,Kitchen,Office/Den
- Flooring: Wood,Tile,Carpet
- Finished area above ground: 2,858
Heating
- Heating features: Oil,Natural Gas
Interior Area
- Total structure area: 2,858
- Total interior livable area: 2,858 sqft
Property
Details
- Parcel number: M:000017 B:0031 P:000181,818366
- Zoning: GR
Features
- Patio & porch: Deck - Wood
- Exterior features: Balcony/Deck
- Fencing: Fenced/Enclosed
Lot
- Lot size: 4,748 sqft
Parking
- Total spaces: 3
- Parking features: Paved Drive,Off Street,Tandem
- Has uncovered spaces: Yes
- Uncovered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Hurricane
- Inland Flooding
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,545 | $54,540 |
| Home Insurance * | $205 | $2,460 |
| Property Taxes | $843 | $10,116 |
| Electricity | $563 | $6,762 |
| Total | $6,156 | $73,872 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Price change | $899,000 |
| 2026-07-08 | Listed for sale | $939,900 |
| 2020-09-30 | Sold | $600,000 |
| 2020-08-12 | Pending sale | $569,900 |
| 2020-07-30 | Listed for sale | $569,900 |
| 2002-08-01 | Sold | $355,000 |
| 1998-07-31 | Sold | $200,000 |
| 1992-09-04 | Sold | $117,500 |
| 1991-12-23 | Sold | $140,000 |
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