Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    208 Main St Medford, MA 02155

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    44-unit apartment building near Tufts University and Assembly Square.

    Building Details

    Year built
    1926

    We can help!

    Listing Contact
    Josh Bartell
    Source: Masscommercialproperties

    Listing Agent: Josh Bartell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medford Multifamily Investment Opportunity

    Brooks Park Apartments, located in Medford, Massachusetts, presents a multifamily investment opportunity. The property consists of a 44-unit brick building with a value-add profile. The unit mix comprises 38 studio apartments and 6 one-bedroom market-rate units. Parking is available with 17 surface spaces and 16 garage spaces. The property is situated near Tufts University, the Medford/Tufts T Station, and Assembly Square, providing access to employment centers within the inner-128 beltway and downtown Boston. The property has a Walk Score of 90, indicating it is a "Walker’s Paradise," and a Transit Score of 75, signifying "Excellent Transit." 55% of housing units within a 1-mile radius are renter-occupied.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.11014
    Latitude
    42.4120496

    Nearby Similar for Sale

    • $1,599,000
      2,613 SF

      Medford Multifamily with Development Potential

      Rare opportunity near Tufts, MBTA, and major routes.
      6 West St, Medford, MA 02155
      View Details
    • $999,000
      2,210 SF

      Medford Two-Family Home For Sale

      Well-maintained two-family in prime location, ideal for owner-occupants or investors.
      141 4Th St, Medford, MA 02155
      View Details
    • Contact for pricing

      Medford Retail/Flex Space Opportunity

      5,137 SF retail/flex space in the Boston MSA area.
      163 Mystic Ave, Medford, MA 01810
      View Details
    • $2,200,000

      West Medford Commercial Building For Sale

      Commercial building in West Medford with development potential.
      438-440 High St, Medford, MA 02155
      View Details
    • Contact for pricing
      12,000 SF

      Medford Flex Space For Sale

      12,000 SF flex space in Medford, Massachusetts, for sale.
      Medford, MA 02155
      View Details
    • Contact for pricing
      1,008 SF

      Medical Office Condo Near Medford

      1,008 SF medical office condo near Medford Square.
      101 Main St, Medford, MA 02155
      View Details
    • Contact for pricing
      308 SF

      Class A Office Building Medford

      Four-story office building with recent amenity upgrades.
      1 Cabot Rd, Medford, MA 02155
      View Details
    • $499,999
      1,487 SF

      Medford Square Professional Office Condo

      Professional office condo in Medford Square with deeded parking.
      92 High St, Medford, MA 02155
      View Details
    • Contact for pricing
      2,940 SF

      Medford Commercial Condo For Sale

      Two-level commercial condo in high-traffic Medford location.
      92 High St, Medford, MA 02155
      View Details
    • Contact for pricing

      Commercial Building with Finished Lower Level

      Well-maintained commercial building with street-level retail and finished lower level.
      365 Salem St, Medford, MA 02155
      View Details
    • $899,000

      Medford Two-Family Home Opportunity

      Two-family home near transportation, parks, and Assembly Row.
      114 Lawrence St, Medford, MA 02155
      View Details
    • Contact for pricing

      Established Boba Tea Business

      Profitable boba tea business in Medford's busy downtown area.
      34 Riverside Ave, Medford, MA 02155
      View Details

    FAQs

    What type of property is this?
    Apartment building - 44-unit apartment building near Tufts University and Assembly Square.
    Where is this apartment building located?
    The property is located at 208 Main St Medford, MA.
    What are key features of this property?
    This property features: - Value-add investment opportunity in a prime Greater Boston rental location.; - Excellent location with a Walk Score of 90 ('Walker's Paradise') and a Transit Score of 75 ('Excellent Transit').; - Proximity to the new Medford/Tufts T Station, Tufts University, and Assembly Square, providing easy access to employment centers and downtown Boston.
    (857) 205-9930
    Request Owner's contact information
    208 Main St Medford, MA 02155
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    208 Main St
    Medford, MA 02155
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    208 Main St Medford, MA 02155
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Josh Bartell
    (857) 205-9930
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!