Two-Family Restoration
For Sale
$1,075,000
72 College Ave, Medford, MA 02155
Vacant duplex with period details, multiple porches, and a spacious yard in a residential setting.
Property Size3,069 SF
Price / SF$350.28
Days on Market96
Property Features for 72 College Ave
General Information
Standard status
Active
Size
3,069 SF
Property subtype
Residential Income
Zoning
Res.
Net Operating Income
$59,400
Property Condition
Severity
Repairs Needed
Evidence
renovation or restoration project
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,684
Building Details
Building Size
3,069 SF
Year Built
1910
Stories
4
Listing Agency:
LAER Realty Partners
(781) 272-8100
Listed By:
Debra Messana
Source:
Laerrealty
Added: May 29
Changed: Aug 31
Last Checked: Aug 31 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAER Realty Partners
Investment Insights
Based on property information with market context.
This 1910 duplex contains 3,069 square feet and is currently vacant. Original details include a marble mantel fireplace, custom moldings, high ceilings, and hardwood floors that were recently uncovered beneath wall-to-wall carpeting. The two-tier front living area adds flexibility to the interior arrangement, while three porches and a generously sized yard extend the usable space outdoors.
The property is zoned Res. and sits near Tufts University, Medford Square, and the Green Line. Its existing character and documented restoration needs provide a clear framework for renovation work. Showings are available through a lockbox.
The property is zoned Res. and sits near Tufts University, Medford Square, and the Green Line. Its existing character and documented restoration needs provide a clear framework for renovation work. Showings are available through a lockbox.
Key Highlights
- Two‑family property with 3,069 SF
- Built in 1910 and zoned Res.
- Vacant and available for immediate showings
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
$64,941
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
6.04%
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%
$1,298,820
$1.3M
Cap Rate 7%
$927,729
$927.7K
Cap Rate 9%
$721,567
$721.6K
Market Conditions
NOI Build-Up for 3,069 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
$97.6K $31.80/SF
− Vacancy
−$4.8K −$1.57/SF
EGI
$92.8K $30.23/SF
− OpEx
−$27.8K −$9.07/SF
NOI
$64.9K $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%
$1,298,820
Cap Rate 7%
$927,729
Cap Rate 9%
$721,567
Alternative Uses
Best Use
Multifamily LT 5
$927.7K
$811.8K – $1.08M
NOI $64,941 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$872.3K
$763.3K – $1.02M
NOI $61,063 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,179 @ 7.0% cap · market cap 11.83%
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
2,024
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 - Vacant duplex with period details, multiple porches, and a spacious yard in a residential setting.
Where is this duplex located?
The property is located at 72 College Ave Medford, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two‑family property with 3,069 SF; Built in 1910 and zoned Res.; Vacant and available for immediate showings
