Two-Family Home with Walk-Up
For Sale
$1,150,000
7 Yale St, Medford, MA 02155
Residential Income, Medford, MA
Property Size2,412 SF
Lot Size0.08 Acres
Price / SF$476.78
Days on Market76
Property Features for 7 Yale St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GR
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Parking
4
High school
Medford High
Directions
Main to Yale
Standard status
Active
APN
M:T09 B:0063 L:0000,643905
Size
2,412 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7452
Building Details
Year built
1918
Floors in Building
2
Number of units
2
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Added: Jun 22
Changed: Sep 4
Last Checked: Sep 5 at 3:06PM
MLS# 73539546
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1918 two-family home contains 2,412 square feet on a 0.0783-acre lot. Each residence has five rooms, two bedrooms, an updated kitchen with pantry, and both front and rear porches. The upper unit includes a separate area suited to office use, along with a walk-up attic that provides substantial storage. Basement storage adds further utility, while the recently painted exterior and off-street parking support day-to-day functionality. The property is zoned GR.
The home is located in Medford near Tufts University, Davis Square, Ball Square, and the Green Line train. Shops, restaurants, parks, and public transportation are within walking distance. The two-unit layout, additional storage areas, and upper-level office space accommodate a range of residential income and occupancy arrangements without relying on a single-use configuration.
The home is located in Medford near Tufts University, Davis Square, Ball Square, and the Green Line train. Shops, restaurants, parks, and public transportation are within walking distance. The two-unit layout, additional storage areas, and upper-level office space accommodate a range of residential income and occupancy arrangements without relying on a single-use configuration.
Key Highlights
- Two‑family property with 2,412 square feet of building area
- Built in 1918 on a 0.0783‑acre lot
- Each unit includes 5 rooms and 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,039
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,020,780
$1.0M
Cap Rate 7%
$729,129
$729.1K
Cap Rate 9%
$567,100
$567.1K
Market Conditions
NOI Build-Up for 2,412 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.7K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$72.9K $30.23/SF
− OpEx
−$21.9K −$9.07/SF
NOI
$51.0K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,020,780
Cap Rate 7%
$729,129
Cap Rate 9%
$567,100
Alternative Uses
Best Use
Multifamily LT 5
$729.1K
$638.0K – $850.7K
NOI $51,039 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$685.6K
$599.9K – $799.9K
NOI $47,991 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,953 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 02155, MA
61,483
Population
25,893
Households
2.4
Avg Household Size
36
Median Age
58%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
7,498
Density / Sq Mi
$118,403
Median Household Income
$60,825
Median Earnings
$2,483
Median Rent
$715,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-kept duplex with updated kitchens, porches, off-street parking, and convenient access to transit and nearby commercial amenities.
Where is this duplex located?
The property is located at 7 Yale St Medford, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑family property with 2,412 square feet of building area; Built in 1918 on a 0.0783‑acre lot; Each unit includes 5 rooms and 2 bedrooms
