Multifamily Apartment
24 Linden Street Medford, MA 02155
24 Linden Street, Medford, MA, 02155
$2,200,000
For Sale
$2,200,000
Apartment building with a mix of one-, two-, and three-bedroom units and 12 surface parking spaces.
Property Size5,373 SF
Price / SF$409.45
Days on Market124
Property Features for 24 Linden Street
General Information
- Standard status
- Active
- Size
- 5,373 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
Northeast Private Client Group,LLC
Listed by
Francis Saenz
(617) 750-6378
Source
Benoitrealestate
Added: Mar 20 Updated: Jul 20 at 8:30PM Checked: Jul 21 at 7:06AM
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 Northeast Private Client Group,LLC
Investment Insights
Based on property information with market context.
Linden Street Apartments is a multifamily apartment building featuring (4) one-bedroom, (3) two-bedroom, and (1) three-bedroom floor plans. The property includes 12 surface parking spaces (1.5 spaces per unit) and a newly updated coin-op laundry room.
The building is located at 24 Linden St in Medford, Massachusetts. Scheduled appointments are available for interested, qualified parties to tour the property and request additional information.
The building is located at 24 Linden St in Medford, Massachusetts. Scheduled appointments are available for interested, qualified parties to tour the property and request additional information.
Key Highlights
- Linden Street Apartments at 24 Linden St, Medford, MA, built in 1880
- Unit mix: (4) one‑bedroom, (3) two‑bedroom, and (1) three‑bedroom floor plans
- 12 surface parking spaces (1.5 spaces per unit)
Local Financial Insights For Apartment 5plus
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 | $205.0k | $38.16 |
| − Vacancy | −$10.7k | −$1.98 |
| EGI | $194.4k | $36.18 |
| − OpEx | −$87.5k | −$16.28 |
| NOI | $106.9k | $19.90 |
5,373 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $106,905 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,656 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building with a mix of one-, two-, and three-bedroom units and 12 surface parking spaces.
Where is this apartment building located?
The property is located at 24 Linden Street Medford, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Linden Street Apartments at 24 Linden St, Medford, MA, built in 1880; Unit mix: (4) one‑bedroom, (3) two‑bedroom, and (1) three‑bedroom floor plans; 12 surface parking spaces (1.5 spaces per unit)
