16 Mechanic St Wakefield, RI 02879
Estimated payment $3,709/month
Highlights
- Wood Flooring
- Window Unit Cooling System
- Baseboard Heating
- Skylights
- Bathtub with Shower
- Wood Siding
About This Home
Enjoy the convenience of in-town living with this walkable two-family home! This well-maintained property presents a fantastic opportunity for both homeowners and investors. Offering two separate units, it provides flexibility for rental income, multigenerational living, or owner occupancy. Both units are currently generating strong rental income, making it an immediate and attractive investment. The first-floor unit includes 2 bedrooms and 1 full bathroom, highlighted by a practical layout and brand-new appliances. Upstairs, the second unit offers 1 bedroom, 1 bath, and a very small 2nd bedroom or a dedicated office space perfect for remote work. The kitchen stands out with soapstone countertops and skylights that bring in natural light and enhance the space's charm. The exterior features a partially fenced yard, ideal for pets, gardening, or outdoor gatherings, along with a spacious shed for additional storage. Tucked away on a quiet street, yet just moments from Main Street, the property is within easy walking distance to shops, restaurants, cafes, and parks. Whether you're seeking a turnkey investment or a home with built-in income potential, 16 Mechanic Street presents a rare opportunity in a prime Wakefield location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,167
Year Built
- Built in 1890
Lot Details
- 5,227 Sq Ft Lot
Home Design
- Stone Foundation
- Wood Siding
- Shingle Siding
- Plaster
Interior Spaces
- 2,609 Sq Ft Home
- 2-Story Property
- Skylights
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Parking
- 4 Parking Spaces
- No Garage
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Baseboard Heating
- 100 Amp Service
- Oil Water Heater
Listing and Financial Details
- Tax Lot 90
- Assessor Parcel Number 16MECHANICSTSKNG
Community Details
Overview
- 2 Units
- In Town Wakefield Subdivision
Building Details
- Operating Expense $9,476
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,167 | $354,300 | $202,700 | $151,600 |
| 2024 | $3,240 | $293,200 | $155,900 | $137,300 |
| 2023 | $3,240 | $293,200 | $155,900 | $137,300 |
| 2022 | $3,211 | $293,200 | $155,900 | $137,300 |
| 2021 | $3,153 | $218,200 | $119,900 | $98,300 |
| 2020 | $3,153 | $218,200 | $119,900 | $98,300 |
| 2019 | $3,153 | $218,200 | $119,900 | $98,300 |
| 2018 | $3,112 | $198,500 | $114,700 | $83,800 |
| 2017 | $3,039 | $198,500 | $114,700 | $83,800 |
| 2016 | $2,995 | $198,500 | $114,700 | $83,800 |
| 2015 | $2,983 | $192,200 | $104,300 | $87,900 |
| 2014 | $2,975 | $192,200 | $104,300 | $87,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/21/2026 04/21/26 | Pending | -- | -- | -- | |
| 04/13/2026 04/13/26 | For Sale | $649,900 | +1.5% | $249 / Sq Ft | |
| 10/28/2025 10/28/25 | Sold | $640,000 | +0.8% | $245 / Sq Ft | View Prior Sale |
| 09/22/2025 09/22/25 | Pending | -- | -- | -- | |
| 09/12/2025 09/12/25 | For Sale | $635,000 | -- | $243 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $640,000 | -- | |
| Deed | $260,500 | -- | |
| Deed | $260,500 | -- | |
| Deed | $302,500 | -- | |
| Deed | $302,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $235,570 | No Value Available | |
| Previous Owner | $251,009 | No Value Available | |
| Previous Owner | $251,187 | Purchase Money Mortgage |
Source: State-Wide MLS
MLS Number: 1409914
APN: SKIN-005704-000000-000090
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