3-Unit Residential
New
For Sale
$1,238,888
14-16 Sumner Ave, Medford, MA 02155
All three apartments are leased through August 31, 2027.
Property Size2,888 SF
Days on Market4
Property Features for 14-16 Sumner Ave
General Information
Standard status
Active
Size
2,888 SF
Total Parking Spaces
3
Property subtype
Multifamily
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,884
Building Details
Building Size
2,888 SF
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Realty ONE Group Cosmopolitan
Listed By:
Catallo Team
(339) 221-5412
Source:
Classifiedrealtygroup
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 4:04AM
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 Realty ONE Group Cosmopolitan
Investment Insights
Based on property information with market context.
Built in 1910, this three-apartment property offers distinct layouts. The first unit has two bedrooms, a living room, kitchen, full bath, driveway, and lower-level laundry. The second includes a bedroom, living room, kitchen, a separate room with pocket doors, and in-unit laundry. The third has two bedrooms, a living room, kitchen, and walk-through pantry. Hardwood floors, ceiling fans, period moldings, FHA heat, high ceilings, and ample closets are found throughout the property.
The apartments are fully occupied, with leases extending through August 31, 2027. Bus and train service, along with everyday conveniences, are nearby.
The apartments are fully occupied, with leases extending through August 31, 2027. Bus and train service, along with everyday conveniences, are nearby.
Key Highlights
- Three apartments with individual layouts
- Unit 1 includes two bedrooms, a driveway, and lower‑level laundry
- Unit 2 has a separate room with pocket doors and in‑unit laundry
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
$61,111
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
4.93%
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%
$1,222,220
$1.2M
Cap Rate 7%
$873,014
$873.0K
Cap Rate 9%
$679,011
$679.0K
Market Conditions
NOI Build-Up for 2,888 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
$91.8K $31.80/SF
− Vacancy
−$4.5K −$1.57/SF
EGI
$87.3K $30.23/SF
− OpEx
−$26.2K −$9.07/SF
NOI
$61.1K $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%
$1,222,220
Cap Rate 7%
$873,014
Cap Rate 9%
$679,011
Alternative Uses
Best Use
Multifamily LT 5
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$820.9K
$718.3K – $957.7K
NOI $57,461 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,678 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,227
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are leased through August 31, 2027.
Where is this triplex located?
The property is located at 14-16 Sumner Ave Medford, MA.
What is the asking price?
The asking price for this property is $1,238,888.
What are key features of this property?
This property features: Three apartments with individual layouts; Unit 1 includes two bedrooms, a driveway, and lower‑level laundry; Unit 2 has a separate room with pocket doors and in‑unit laundry
