53-55 Albion St, Wakefield MA 01880

Wakefield, MA 01880
$1,005,000
Est. $5,349/month
4
Beds
2.5
Baths
3,852
Sq Ft
$261
Price/Sq Ft
0.05
Acres
1900
Year Built
Multi Family
Type
217
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73195862

About this home

Business zoned downtown mixed use building in the Albion Street Wakefield business district. Three unit building includes 2 residential rental apartments with a beautifully fit out 1,650 +- retail space. The expansive sales floor is 47X25 and includes a L shaped service counter, a 15X7 office,18X9 storage room, newer kitchenette, half bath, plus a 13X16 step up rear storage area. The 2nd floor is a leased 4 room, 1 bedroom apartment. The top floor 3 bedroom unit is freshly painted and renovated with a new kitchen and appliances, all new windows, laminate floors and doors. The building has a "walk score" of 87 and is located less than 1/3 of a mile to commuter rail and or downtown shops and restaurants.

Sale Statistics

Sale Overview
Original List Price: $1,040,000
Final Sale Price: $1,005,000
Difference: $35,000 (-3.4%)
Performance Metrics
96.6%
List to Sale Ratio
Sold below asking price
217
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $270
Sale $/sq ft: $261
This property sold for $261 per square foot
Sale Summary

This property sold for 3.4% below the original asking price.

At 217 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1900
Bedrooms
4
Full Bathrooms
2
Half Bathrooms
1
Living Area
3,852 sq ft
Total Rooms
12
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile, Vinyl, Carpet, Varies, Laminate, Stone/Ceramic Tile
Heating
Forced Air, Natural Gas, Individual
Has Heating
Yes
Cooling
Central Air, None
Has Cooling
No
Has Fireplace
No
Appliances
Refrigerator, Range
Interior Features
Storage, Open Floorplan, Remodeled, Internet Available - DSL, Office/Den, Living Room, Kitchen
Basement Details
Full, Crawl Space, Interior Entry, Concrete, Unfinished
Window Features
Picture Window

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone, Irregular, Other
Foundation Area
1,710 sq ft
Has Spa
No
View
City View(s)
Has View
Yes
Waterfront Property
No

Lot & Land

Lot Size
0.05 acres
Lot Size
2,073 sq ft
Lot Size Area
0.0500
Lot Features
Zero Lot Line, Level
Frontage Length
27 ft
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Common, Individually Metered, Varies per Unit
Security Features
Security System
Energy Efficient Features
Varies per Unit

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,770
Tax Year
2024
Tax Assessed Value
$699,500
Parcel Number
M:000012 B:0146 P:000148,817096
Zoning
B
Financial Data Source
Estimated, Owner

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Two hour timed parking spaces on street during business hours. 8 foot right of way on West side of building.

Location

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Neighborhood

53-55 Albion St, Wakefield MA 01880

Wakefield, MA 01880

Walkability

Loading Walk Score...

Schools

Elementary School
Tbd
Rating information coming soon
Middle School
Galvin
Rating information coming soon
High School
Wakefield
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $814
Homeowners Insurance $200
PMI $0

Property History

Market Insights

3.4%
Price Range
138
Total Days on Market

Property Timeline

Sold
Sep 20, 2024
$1,005,000
Property sold
Days on Market: 138
🏠
Listed for Sale
Jan 23, 2024
$1,040,000
Original listing
Agent: Christopher Barrett Office: Barrett, Chris. J., REALTORS®

Price & Status History

Date Event Price Change
Jan 23, 2024 New Listing Added $1,040,000

Market Statistics

Days on Market
217 days
Price per Sq Ft
$261

Tax History

Year Taxes Assessment
2024 $9,770 $699,500

Financial Details

Annual Property Tax
$9,770
Tax Year 2024
Assessed Value
$699,500

Listing Information

Listing Agent Christopher Barrett
Listing Office Barrett, Chris. J., REALTORS®
Agent MLS ID BB813103
Office MLS ID B50201

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