Two-Family Home with Renovated
18 Mystic Street Medford, MA 02155
18 Mystic Street, Medford, MA, 02155
$1,075,000
For Sale
$1,075,000
Well-maintained two-family residence with a renovated second-floor kitchen, first-floor family room, and expansive basement storage.
Property Size2,394 SF
Price / SF$449.04
Days on Market43
Property Features for 18 Mystic Street
General Information
- Standard status
- Active
- Size
- 2,394 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1920
Listing agency
Lyv Realty
(781) 789-3973
Listed by
Gina Bourikas
(781) 789-3973
Source
Lockandkeyre
Added: Jun 10 Updated: Jul 22 at 6:39AM Checked: Jul 22 at 6:39AM
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 Lyv Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers spacious units with practical indoor and outdoor flow. The second-floor unit has been renovated and features a new kitchen with modern cabinetry and appliances. The first-floor unit provides a larger footprint with an additional family room and easy access to the deck and backyard.
An expansive basement adds substantial storage capacity and potential for future use. The property is located close to major highways, public transportation, and Whole Foods, supporting convenient daily access.
Overall, the layout is designed for comfortable separate living while also offering shared benefits through outdoor space and basement utility.
An expansive basement adds substantial storage capacity and potential for future use. The property is located close to major highways, public transportation, and Whole Foods, supporting convenient daily access.
Overall, the layout is designed for comfortable separate living while also offering shared benefits through outdoor space and basement utility.
Key Highlights
- Two‑family home built in 1920 with well‑maintained units
- Second‑floor unit features a newly renovated kitchen with modern cabinetry and appliances
- First‑floor unit offers a larger footprint plus an additional family room
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 | $76.1k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $72.4k | $30.23 |
| − OpEx | −$21.7k | −$9.07 |
| NOI | $50.7k | $21.16 |
2,394 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$723.7K
$633.2K – $844.3K
NOI $50,658 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$680.5K
$595.4K – $793.9K
NOI $47,633 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,207 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family residence with a renovated second-floor kitchen, first-floor family room, and expansive basement storage.
Where is this duplex located?
The property is located at 18 Mystic Street 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 home built in 1920 with well‑maintained units; Second‑floor unit features a newly renovated kitchen with modern cabinetry and appliances; First‑floor unit offers a larger footprint plus an additional family room
