Oversized Two-Family
193 Willis Ave Medford, MA 02155
193 Willis Ave, Medford, MA, 02155
$1,199,000
Pending
For Sale
$1,199,000
Pending
Two large apartments offer seven rooms each, hardwood floors, and separate oil heat on a double lot.
Property Size3,164 SF
Days on Market108
Property Features for 193 Willis Ave
General Information
- Standard status
- Pending
- Size
- 3,164 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
EWK Realty
(617) 645-6900
Listed by
Eric Kerr
(617) 645-6900
Source
Lockandkeyre
Added: Apr 6 Updated: Jul 21 at 4:08PM Checked: Jul 21 at 4:08PM
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 EWK Realty
Investment Insights
Based on property information with market context.
This oversized two-family residence features two large units, each with seven rooms and three to four bedrooms. Hardwood floors extend throughout the property. The home also offers separate oil heat for the apartments, with gas present for potential future heating updates.
The property sits on a double lot and includes a two-car block garage. Recent improvements noted in the remarks include a new roof and new windows.
The current configuration supports either continued residential use or an opportunity to utilize additional outdoor space for family needs, with the double-lot layout offering room for future additions as described.
The property sits on a double lot and includes a two-car block garage. Recent improvements noted in the remarks include a new roof and new windows.
The current configuration supports either continued residential use or an opportunity to utilize additional outdoor space for family needs, with the double-lot layout offering room for future additions as described.
Key Highlights
- Oversized 2‑family home on a double lot with two large apartments
- Each apartment offers 7 rooms with three to four bedrooms
- Hardwood floors throughout the entire property
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 | $100.6k | $31.80 |
| − Vacancy | −$5.0k | −$1.57 |
| EGI | $95.6k | $30.23 |
| − OpEx | −$28.7k | −$9.07 |
| NOI | $67.0k | $21.16 |
3,164 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$956.4K
$836.9K – $1.12M
NOI $66,951 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$899.3K
$786.9K – $1.05M
NOI $62,953 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,115 @ 7.0% cap · market cap 10.94%
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 - Two large apartments offer seven rooms each, hardwood floors, and separate oil heat on a double lot.
Where is this duplex located?
The property is located at 193 Willis Ave Medford, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Oversized 2‑family home on a double lot with two large apartments; Each apartment offers 7 rooms with three to four bedrooms; Hardwood floors throughout the entire property
