Two-Family Residential Income
23 Bowdoin St Medford, MA 02155
23 Bowdoin St, Medford, MA, 02155
$1,179,000
For Sale
$1,179,000
Two-family offers 5–6 bedrooms per unit, off-street parking, porches, and separate basement entrances.
Property Size2,562 SF
Price / SF$460.19
Days on Market106
Property Features for 23 Bowdoin St
General Information
- Standard status
- Active
- Size
- 2,562 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Bostonia Properties
(617) 418-9882
Listed by
Kate Duggan
(617) 418-9882
Source
Lockandkeyre
Added: Apr 7 Updated: Jul 21 at 12:23AM Checked: Jul 21 at 3:22AM
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 Bostonia Properties
Investment Insights
Based on property information with market context.
This two-family residential income property features beautiful hardwood floors and flexible bedroom configurations described as 5–6 bedrooms. Each unit includes a pantry off the kitchen and a separate entrance to the basement, supporting independent day-to-day use. The second-floor apartment has front and back porches.
The property provides off-street parking. The roof is approximately five years old, and the flat rubber portion over the porches was replaced this year.
Both units use oil heat and gas cooking. Public transit access is described as walkable to the Tufts University Green Line Station and the 101 bus line.
The property provides off-street parking. The roof is approximately five years old, and the flat rubber portion over the porches was replaced this year.
Both units use oil heat and gas cooking. Public transit access is described as walkable to the Tufts University Green Line Station and the 101 bus line.
Key Highlights
- Two‑family home built in 1900 with 5–6 bedrooms per unit
- Off‑street parking and separate entrances to the basement for each unit
- Second‑floor apartment includes front and back porches
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 | $81.5k | $31.80 |
| − Vacancy | −$4.0k | −$1.57 |
| EGI | $77.4k | $30.23 |
| − OpEx | −$23.2k | −$9.07 |
| NOI | $54.2k | $21.16 |
2,562 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$774.5K
$677.7K – $903.6K
NOI $54,213 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$728.2K
$637.2K – $849.6K
NOI $50,975 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,169 @ 7.0% cap · market cap 9.01%
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-family offers 5–6 bedrooms per unit, off-street parking, porches, and separate basement entrances.
Where is this duplex located?
The property is located at 23 Bowdoin St Medford, MA.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with 5–6 bedrooms per unit; Off‑street parking and separate entrances to the basement for each unit; Second‑floor apartment includes front and back porches
