Renovated Residential Income
For Sale
$2,049,000
26-28 Pitcher Avenue, Medford, MA 02155
Upper-level condominium with updated finishes, private outdoor space, and dedicated parking near Lower Mystic Lake.
Property Size3,531 SF
Price / SF$580.29
Days on Market181
Property Features for 26-28 Pitcher Avenue
General Information
Standard status
Active
Size
3,531 SF
Total Parking Spaces
6
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Zoning
Res
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,689
Amenities
in-unit washer/dryer
private rear deck
central HVAC
finished attic
bonus basement flex space
City/Town Sewer, Public
Yes, Yes, 2.00, Paved Drive, Paved Drive
No
4.0
Full
4
4.00
Building Details
Year Built
1920
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Jesse MacDonald · License #9066238
(617) 242-4222
Source:
Compass
Added: May 3
Changed: Oct 27
Last Checked: Oct 28 at 11:33AM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This renovated upper-level condominium at 26-28 Pitcher Ave includes 3 bedrooms and 2 bathrooms within a converted residential property. Interior improvements include oak hardwood flooring, white cabinetry, quartz countertops, central HVAC, and upgraded 200-amp electrical service. A full walk-up finished attic expands the usable layout, while an in-unit washer and dryer and additional basement flex space add functional convenience. The property also includes a private rear deck, 1 garage space, and 1 outdoor parking spot. Built in 1920 and zoned Res, the property has a total listed property size of 3531.
The home is situated on a quiet street in West Medford near Lower Mystic Lake, with access to trails, water views, and green space. The commuter rail station is nearby, and Winchester and Arlington are close to the property. Its location combines residential surroundings with access to regional transportation and outdoor amenities.
The home is situated on a quiet street in West Medford near Lower Mystic Lake, with access to trails, water views, and green space. The commuter rail station is nearby, and Winchester and Arlington are close to the property. Its location combines residential surroundings with access to regional transportation and outdoor amenities.
Key Highlights
- 3‑bedroom, 2‑bath upper‑level condominium
- Renovated with oak hardwood floors, quartz countertops, and white cabinetry
- Full walk‑up finished attic plus bonus basement flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,255
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,100
$1.4M
Cap Rate 7%
$1,003,643
$1.0M
Cap Rate 9%
$780,611
$780.6K
Market Conditions
NOI Build-Up for 3,531 SF
Gross rent
$134.7K $38.16/SF
− Vacancy
−$7.0K −$1.98/SF
EGI
$127.7K $36.18/SF
− OpEx
−$57.5K −$16.28/SF
NOI
$70.3K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,100
Cap Rate 7%
$1,003,643
Cap Rate 9%
$780,611
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$878.2K – $1.17M
NOI $70,255 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,324 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
641
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
Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level condominium with updated finishes, private outdoor space, and dedicated parking near Lower Mystic Lake.
Where is this residential income property located?
The property is located at 26-28 Pitcher Avenue Medford, MA.
What is the asking price?
The asking price for this property is $2,049,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath upper‑level condominium; Renovated with oak hardwood floors, quartz countertops, and white cabinetry; Full walk‑up finished attic plus bonus basement flex space
