Four-Unit Apartment
New
For Sale
$1,995,000
31-29 Sixth Street, Medford, MA 02155
Four distinct apartment layouts are paired with individually metered utilities and shared outdoor and parking amenities.
Property Size4,741 SF
Price / SF$420.80
Days on Market3
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Property Features for 31-29 Sixth Street
General Information
Standard status
Active
Size
4,741 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Amenities
updated kitchens
separate utilities
fireplace
rear porch or deck
backyard bocce court
laundry equipment
finished tiled area with fireplace
Building Details
Year Built
1910
Listing Agency:
Hive Property Group
Listed By:
Tracey Cleversey · License #9573051
(617) 780-9613
Source:
Cambridgerealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:56PM
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 Hive Property Group
Investment Insights
Based on property information with market context.
This Medford apartment property contains four units totaling 4,741 SF. The mix includes one 1-bedroom, two 2-bedroom and one 3-bedroom apartment, each with one full bath, a fireplace and a rear porch or deck. Kitchens have been updated, and the building underwent a full interior renovation in the 1980s. The property dates to 1910.
The layout places a furnished 1-bedroom and a 3-bedroom spanning the upper two floors on one side; the opposite side has a first-floor 2-bedroom and another 2-bedroom across the second and third floors. Each apartment has separate utilities. Additional features include off-street parking, a one-car garage with space for storage or a workbench, and a backyard bocce court. Basement laundry equipment serves two units, with hookups for all four; a separate finished tiled area has a fireplace.
The layout places a furnished 1-bedroom and a 3-bedroom spanning the upper two floors on one side; the opposite side has a first-floor 2-bedroom and another 2-bedroom across the second and third floors. Each apartment has separate utilities. Additional features include off-street parking, a one-car garage with space for storage or a workbench, and a backyard bocce court. Basement laundry equipment serves two units, with hookups for all four; a separate finished tiled area has a fireplace.
Key Highlights
- Four apartments: one 1‑bedroom, two 2‑bedroom and one 3‑bedroom
- 4,741 SF; built in 1910 and fully renovated in the 1980s
- Separate utilities for each unit; updated kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,321
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,006,420
$2.0M
Cap Rate 7%
$1,433,157
$1.4M
Cap Rate 9%
$1,114,678
$1.1M
Market Conditions
NOI Build-Up for 4,741 SF
Gross rent
$150.8K $31.80/SF
− Vacancy
−$7.4K −$1.57/SF
EGI
$143.3K $30.23/SF
− OpEx
−$43.0K −$9.07/SF
NOI
$100.3K $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%
$2,006,420
Cap Rate 7%
$1,433,157
Cap Rate 9%
$1,114,678
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,321 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,330 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,466 @ 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
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
949
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four distinct apartment layouts are paired with individually metered utilities and shared outdoor and parking amenities.
Where is this quadplex located?
The property is located at 31-29 Sixth Street Medford, MA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Four apartments: one 1‑bedroom, two 2‑bedroom and one 3‑bedroom; 4,741 SF; built in 1910 and fully renovated in the 1980s; Separate utilities for each unit; updated kitchens
