Medford Three-Family Near Tufts
15-17 Golden Avenue Medford, MA 02155
15-17 Golden Avenue, Medford, MA, 02155
$1,399,000
For Sale
$1,399,000
Well-maintained three-family in desirable Medford location near Tufts University.
Property Size3,488 SF
Price / SF$401.09
Days on Market101
Property Features for 15-17 Golden Avenue
General Information
- Standard status
- Active
- Size
- 3,488 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1900
Listing Agency
Colombo Real Estate LLC
(617) 371-8305
Listed by
Daniel Colombo
(617) 371-8305
Source
Lockandkeyre
Added: Apr 8 Checked: Jul 17 at 5:59 am
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 Colombo Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained three-family property is located in the desirable Medford market, near Tufts University and the healthcare corridor along Mystic Valley Parkway. The building contains one 3-bedroom, 1-bathroom unit and two 2-bedroom, 1-bathroom units. Each unit includes dedicated off-street parking. The units are in solid condition, presenting a turnkey opportunity. The property is located close to the MBTA Green Line Extension, Davis Square (Red Line), I-93, and Logan Airport. The property size is 3488 square feet.
Key Highlights
- Prime location near Tufts University and the healthcare corridor, ensuring consistent tenant demand.
- Turnkey opportunity with well‑maintained units in solid condition.
- Desirable unit mix: one 3‑bed/1‑bath and two 2‑bed/1‑bath units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.9k | $31.80 |
| − Vacancy | −$5.5k | −$1.57 |
| EGI | $105.4k | $30.23 |
| − OpEx | −$31.6k | −$9.07 |
| NOI | $73.8k | $21.16 |
3,488 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$922.6K – $1.23M
NOI $73,807 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$991.4K
$867.5K – $1.16M
NOI $69,399 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,542 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family in desirable Medford location near Tufts University.
Where is this triplex located?
The property is located at 15-17 Golden Avenue Medford, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Prime location near Tufts University and the healthcare corridor, ensuring consistent tenant demand.; Turnkey opportunity with well‑maintained units in solid condition.; Desirable unit mix: one 3‑bed/1‑bath and two 2‑bed/1‑bath units.
