Versatile with charm and modern updates! This stunning 2-family home is ideal for multi-generational living or rental income. 3 levels of living space! Full renovation of first two levels in 2001 and 3rd level in 2021. First unit has single-level living with a spacious eat-in kitchen, dining room, living room, 2 bedrooms (one bedroom currently used as a large pantry/laundry), and full bath. Second unit spans levels 2 & 3 with a bright kitchen, granite island, new appliances, dining/living area, 3 bedrooms, full bath with jacuzzi & walk-in shower, 3rd level with huge family room, bedroom, bonus room & 1/2 bath. Farmer’s porch, side deck, and basement with bathroom and potential for more finished space. Large corner lot with pull thru driveway, patio, firepit, basketball court, two sheds, and fenced yard. Near Lake Quannapowitt recreation, downtown restaurants, commuter rail to Boston, and Walton School! Home is pre-inspected.
Sold for $1,150,000
$1,150,000
40 Elm St, Wakefield, MA 01880
6beds
4,157sqft
2 Family - 2 Units Up/Down
Built in 1880
-- sqft lot
$1,293,800 Zestimate®
$277/sqft
$4,944 Estimated rent
Home value
$1,293,800
$1.18M - $1.42M
$4,944/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 08:00am
Listed by:
Tami Mallett 603-986-4300,
Cameron Prestige - Amesbury 857-331-5127
Bought with:
Button and Co.
LAER Realty Partners
Source: MLS PIN,MLS#: 73373967
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator
Features
- Ceiling Fan(s), Pantry, Bathroom With Tub, Stone/Granite/Solid Counters, Walk-In Closet(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Laundry Room, Family Room
- Flooring: Tile, Carpet, Hardwood
- Basement: Full,Interior Entry,Sump Pump,Concrete,Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 4,157
- Total interior livable area: 4,157 sqft
- Finished area above ground: 4,157
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 10
Features
- Patio & porch: Porch, Deck - Composite, Patio
- Exterior features: Balcony
- Spa features: Bath
- Fencing: Fenced
Lot
- Size: 9,931 sqft
- Features: Corner Lot, Level
Details
- Parcel number: 816740
- Zoning: GR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Foundation: Other
- Roof: Shingle
Condition
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
Location
- Region: Wakefield
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2025 | Sold | $1,150,000+7%$277/sqft |
Source: MLS PIN #73373967 Report a problem | ||
| 5/30/2025 | Contingent | $1,075,000$259/sqft |
Source:  PrimeMLS #5040661 Report a problem | ||
| 5/13/2025 | Listed for sale | $1,075,000+367.4%$259/sqft |
Source: MLS PIN #73373967 Report a problem | ||
| 5/3/1996 | Sold | $230,000$55/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,332 +4% | $998,400 +3% |
| 2024 | $10,901 +3.6% | $969,000 +8% |
| 2023 | $10,527 +4.7% | $897,400 +10% |
Find assessor info on the county website
Neighborhood: West Side
Nearby schools
GreatSchools rating
- 7/10Walton Elementary SchoolGrades: K-4Distance: 0.2 mi
- 7/10Galvin Middle SchoolGrades: 5-8Distance: 0.8 mi
- 7/10Wakefield Memorial High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$1,293,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,293,800