Updated Two-Family
For Sale
$1,325,000
168 Main St, Medford, MA 02155
Fully leased duplex with renovated kitchens, separate utilities, and two-level residential layouts.
Property Size2,723 SF
Price / SF$486.60
Days on Market172
Property Features for 168 Main St
General Information
Standard status
Active
Size
2,723 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/1BA + extra space
Multifamily Units
2
Amenities
in unit laundry
dedicated storage
sunrooms
Central AC
large yard
Building Details
Building Size
2,723 SF
Year Built
1910
Stories
4
Listing Agency:
Coldwell Banker Realty - Boston
Listed By:
Better Home Team
(781) 933-2500
Source:
Cjbarrett
Added: Apr 28
Changed: Aug 29
Last Checked: May 28 at 5:47AM
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 Coldwell Banker Realty - Boston
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Investment Insights
Based on property information with market context.
This 2,723-square-foot duplex, built in 1910, contains two residences arranged over two levels. Both units provide three bedrooms and one bathroom, while the second unit also includes an adaptable bonus room. Interior features include living and dining areas, eat-in kitchens, hardwood flooring, high ceilings, in-unit laundry, dedicated storage, and sunrooms. Kitchens have been renovated with new cabinetry, quartz countertops, backsplashes, and stainless steel appliances. Bathrooms have also been updated.
Each residence has its own high-efficiency gas furnace, heat pump system, central AC, and hot water tank installed in 2022. The property also includes vinyl siding, vinyl windows, a roof dating to circa 2010/13, a large yard, and one parking space. Gas and electricity are separately metered. The building is fully rented and is located near Tufts University, Medford Square, restaurants, shops, bus routes, the Green Line, Routes 93 and 16.
Each residence has its own high-efficiency gas furnace, heat pump system, central AC, and hot water tank installed in 2022. The property also includes vinyl siding, vinyl windows, a roof dating to circa 2010/13, a large yard, and one parking space. Gas and electricity are separately metered. The building is fully rented and is located near Tufts University, Medford Square, restaurants, shops, bus routes, the Green Line, Routes 93 and 16.
Key Highlights
- Two‑unit property with each residence offering 3 bd and 1 ba; Unit 2 also includes extra space
- 2,723 SF duplex built in 1910
- High‑efficiency gas furnace, heat pump, central AC, and hot water tanks for each unit, all installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,620
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,400
$1.2M
Cap Rate 7%
$823,143
$823.1K
Cap Rate 9%
$640,222
$640.2K
Market Conditions
NOI Build-Up for 2,723 SF
Gross rent
$86.6K $31.80/SF
− Vacancy
−$4.3K −$1.57/SF
EGI
$82.3K $30.23/SF
− OpEx
−$24.7K −$9.07/SF
NOI
$57.6K $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%
$1,152,400
Cap Rate 7%
$823,143
Cap Rate 9%
$640,222
Alternative Uses
Best Use
Multifamily LT 5
$823.1K
$720.3K – $960.3K
NOI $57,620 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$774.0K
$677.2K – $903.0K
NOI $54,179 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,840 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,940
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with renovated kitchens, separate utilities, and two-level residential layouts.
Where is this duplex located?
The property is located at 168 Main St Medford, MA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two‑unit property with each residence offering 3 bd and 1 ba; Unit 2 also includes extra space; 2,723 SF duplex built in 1910; High‑efficiency gas furnace, heat pump, central AC, and hot water tanks for each unit, all installed in 2022
