Classic Two-Family
For Sale
$1,195,000
Pending
16 Usher Rd, Medford, MA 02155
Vacant, separately metered property with two distinct residences, private outdoor space, and driveway parking.
Property Size3,074 SF
Days on Market25
Property Features for 16 Usher Rd
General Information
Standard status
Pending
Size
3,074 SF
Total Parking Spaces
2
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$9,813
Building Details
Building Size
3,074 SF
Year Built
1900
Listing Agency:
Compass
Listed By:
Strobeck Antonell Bull Group
(781) 285-8028
Source:
Classifiedrealtygroup
Added: Sep 11
Changed: Sep 23
Last Checked: Oct 4 at 7:02AM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1900, this two-family duplex includes two separately metered residences and is currently vacant. The first unit offers 2 bedrooms, 1 bath, a large living room, and a dining room. The upper-level duplex contains 4 bedrooms, 1.5 baths, three living spaces, and a private porch. Bay windows, hardwood floors, high ceilings, and strong natural light contribute to the interior character.
The property includes a driveway with parking for two cars and a landscaped backyard. Located one block from the West Medford commuter rail station, it also provides access to nearby shops, restaurants, parks, and major commuting routes.
The property includes a driveway with parking for two cars and a landscaped backyard. Located one block from the West Medford commuter rail station, it also provides access to nearby shops, restaurants, parks, and major commuting routes.
Key Highlights
- Two‑family duplex built in 1900
- Unit one: oversized 2‑bedroom, 1‑bath layout with living and dining rooms
- Unit two: 4‑bedroom, 1.5‑bath upper‑level duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,047
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,940
$1.3M
Cap Rate 7%
$929,243
$929.2K
Cap Rate 9%
$722,744
$722.7K
Market Conditions
NOI Build-Up for 3,074 SF
Gross rent
$97.8K $31.80/SF
− Vacancy
−$4.8K −$1.57/SF
EGI
$92.9K $30.23/SF
− OpEx
−$27.9K −$9.07/SF
NOI
$65.0K $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 Rate 5%
$1,300,940
Cap Rate 7%
$929,243
Cap Rate 9%
$722,744
Alternative Uses
Best Use
Multifamily LT 5
$929.2K
$813.1K – $1.08M
NOI $65,047 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$873.7K
$764.5K – $1.02M
NOI $61,162 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,386 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
549
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant, separately metered property with two distinct residences, private outdoor space, and driveway parking.
Where is this duplex located?
The property is located at 16 Usher Rd Medford, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two‑family duplex built in 1900; Unit one: oversized 2‑bedroom, 1‑bath layout with living and dining rooms; Unit two: 4‑bedroom, 1.5‑bath upper‑level duplex
