Two-Unit Residential Income
204 Harvard Medford, MA 02155
204 Harvard, Medford, MA, 02155
$1,200,000
For Sale
$1,200,000
A two-family home with remodeled kitchens, expanded living space, and off-street parking for up to 10 cars.
Property Size2,068 SF
Price / SF$580.27
Days on Market56
Property Features for 204 Harvard
General Information
- Standard status
- Active
- Size
- 2,068 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Realty
(617) 340-9135
Listed by
DNA Realty Group
(617) 340-9135
Source
Lockandkeyre
Added: May 27 Updated: Jul 10 at 1:47 pm Checked: Jul 20 at 4:04 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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-family duplex offers flexible living and rental potential with two distinct units. The first unit spans two levels and includes two bedrooms plus a bonus room currently used as a bedroom in the finished basement, along with two full bathrooms. A remodeled kitchen opens to a newly renovated deck, creating a practical indoor-outdoor connection for everyday use. The second unit features two bedrooms, a full bath, and a remodeled covered balcony designed for comfortable gatherings.
The property is located in Medford with convenient access to local dining options, public transit, and highway routes, making it well-suited for residents and commuters alike. Off-street parking for up to 10 cars is a standout feature for the area and adds daily convenience for tenants, guests, or multiple occupants.
For buyers, this layout can support a traditional live-in-and-rent arrangement or a straightforward investment strategy with two self-contained units. The combination of finished basement space, remodeled interior elements, and multiple outdoor areas helps the home appeal to a range of tenants seeking more than basic accommodations, while the generous off-street parking supports a smoother day-to-day experience for occupants.
The property is located in Medford with convenient access to local dining options, public transit, and highway routes, making it well-suited for residents and commuters alike. Off-street parking for up to 10 cars is a standout feature for the area and adds daily convenience for tenants, guests, or multiple occupants.
For buyers, this layout can support a traditional live-in-and-rent arrangement or a straightforward investment strategy with two self-contained units. The combination of finished basement space, remodeled interior elements, and multiple outdoor areas helps the home appeal to a range of tenants seeking more than basic accommodations, while the generous off-street parking supports a smoother day-to-day experience for occupants.
Key Highlights
- Two‑family home built in 1900 with two separate units and expanded living space
- First unit offers 2 bedrooms plus a finished basement bonus room used as a bedroom, 2 full bathrooms, and ample storage
- First unit includes a remodeled kitchen with access to a newly renovated deck
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 | $65.8k | $31.80 |
| − Vacancy | −$3.2k | −$1.57 |
| EGI | $62.5k | $30.23 |
| − OpEx | −$18.8k | −$9.07 |
| NOI | $43.8k | $21.16 |
2,068 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$625.1K
$547.0K – $729.3K
NOI $43,760 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$587.8K
$514.3K – $685.8K
NOI $41,146 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,697 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A two-family home with remodeled kitchens, expanded living space, and off-street parking for up to 10 cars.
Where is this duplex located?
The property is located at 204 Harvard Medford, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with two separate units and expanded living space; First unit offers 2 bedrooms plus a finished basement bonus room used as a bedroom, 2 full bathrooms, and ample storage; First unit includes a remodeled kitchen with access to a newly renovated deck
