Building Details

Building Size 2,971 SF

Year Built 1900

Tenancy Multi

Listing Agency: Coelho Realty Group LLC

Listed By: Joe Danisch Show Phone

Source: Donnellyandco

Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 1:48PM

Report an Issue

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 Coelho Realty Group LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-family property contains a two-bedroom, one-bath unit and a four-bedroom, two-bath unit arranged across two levels. The larger residence includes a study or office, a front deck, a rear porch, and an additional room with in-unit laundry. The home was built in 1900.

A four-car driveway, detached garage, and enclosed backyard provide additional exterior features. The property is fully leased and located in Medford near Tufts, the Medford/Tufts T stop, and major roadways.

Key Highlights

• Two units: one with 2 bedrooms and 1 bathroom; the other with 4 bedrooms and 2 bathrooms
• Four‑bedroom unit spans two levels and includes a study or office, deck, rear porch, and in‑unit laundry
• Four‑car driveway, detached garage, and enclosed backyard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,867

Cap Rate

5.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,257,340 $1.3M

Cap Rate 7%

$898,100 $898.1K

Cap Rate 9%

$698,522 $698.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,971 SF

Gross rent

$94.5K $31.80/SF

− Vacancy

−$4.7K −$1.57/SF

EGI

$89.8K $30.23/SF

− OpEx

−$26.9K −$9.07/SF

NOI

$62.9K $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%

$1,257,340

Cap Rate 7%

$898,100

Cap Rate 9%

$698,522

Alternative Uses

Best Use

Multifamily LT 5

$898.1K

$785.8K – $1.05M (±1% cap)

NOI $62,867 @ 7.0% cap · market cap 5.03%

Second Best

Apartment 5plus

$844.5K

$738.9K – $985.2K (±1% cap)

NOI $59,113 @ 7.0% cap · market cap 4.73%

Theoretical Best

Office A

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $123,117 @ 7.0% cap · market cap 9.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Restaurant Grocery & Convenience Store Hair Salon Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,002

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Duplex with Off-Street Parking

357-359 Main St, Medford, MA 02155

$1,149,000

2,988 SF

View details

Two-Unit Duplex with Walk-Up Basement

86 Wright Ave, Medford, MA 02155

$1,239,000

3,300 SF

View details

Updated Two-Family Duplex

168 Main St, Medford, MA 02155

$1,325,000

2,723 SF

View details

Corner-Lot Duplex

78 Marshall Street, Medford, MA 02155

$1,078,000

2,788 SF

View details

Updated Two-Unit Duplex

38-40 Cherry Street, Medford, MA 02155

$1,200,000

2,630 SF

View details

Two-Family Residential Income Property

23 Bowdoin St, Medford, MA 02155

$1,179,000

2,562 SF

View details

Two-Family Residential Income Property

549 Main St, Medford, MA 02155

$1,050,000

View details

Duplex with In-Ground Pool

76-78 Surrey St, Medford, MA 02155

$1,329,000

View details

Two-Family with In-Unit Laundry

34 Orchard Street, Medford, MA 02155

$900,000

2,807 SF

View details

Seven-Bedroom Duplex with Parking

13-15 Carney St, Medford, MA 02155

$1,275,000

View details

Two-Family Duplex with Garage

22-22a Valley Street, Medford, MA 02155

$1,049,000

2,608 SF

View details

Renovated Two-Family Investment

7 Smith St, Medford, MA 02155

$1,180,000

2,278 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Fully leased residence offers two distinct layouts, outdoor space, and on-site parking.

Where is this duplex located?

The property is located at 221-223 Boston Ave. Medford, MA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Two units: one with 2 bedrooms and 1 bathroom; the other with 4 bedrooms and 2 bathrooms; Four‑bedroom unit spans two levels and includes a study or office, deck, rear porch, and in‑unit laundry; Four‑car driveway, detached garage, and enclosed backyard