Two-Family Corner
31 Lewis St Medford, MA 02155
New
31 Lewis St, Medford, MA, 02155
$899,900
For Sale
$899,900
MULTI_FAMILY - Medford, MA
Property Size2,054 SF
Lot Size0.12 Acres
Price / SF$438.12
Days on Market2
Property Features for 31 Lewis St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GR
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- Parking
- 6
- Standard status
- Active
- APN
- M:J12 B:0003 L:0000,635406
- Size
- 2,054 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7642
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
Listing Agency
Keller Williams Realty
(617) 969-9000
1340 Centre Street, Suite 202, Newton, MA
Listed by
Keller Williams
(617) 969-9000
Added: Jul 16 Checked: Jul 17 at 11:06 am
MLS# 73551257
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family home sits on a corner lot and is described as well maintained, with some cosmetic updates needed. Each unit offers two bedrooms, one bathroom, a full dining room or office area, and a pantry/laundry room. The layout also includes high ceilings and a sunroom, along with a rear deck for outdoor space. The downstairs apartment’s kitchen and bathroom were updated a few years ago, and the hardwood floors have been refinished. A spacious yard and a two-car detached garage are also included, with the garage noted as having potential for an ADU.
The property is located in Medford, Massachusetts, on Lewis St, with proximity to Medford Square and Hickey Park. Public remarks also note convenient access to Boston via I-93 and Route 28, as well as the orange line, along with nearby restaurants, cafes, and shopping.
The property is located in Medford, Massachusetts, on Lewis St, with proximity to Medford Square and Hickey Park. Public remarks also note convenient access to Boston via I-93 and Route 28, as well as the orange line, along with nearby restaurants, cafes, and shopping.
Key Highlights
- Two‑family home built in 1925 on a corner lot
- Each unit offers 2 bedrooms plus potential to convert to 3 beds, 1 bath
- Units include full dining room/office, pantry/laundry room, high ceilings, sunroom, and rear deck
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 | $65.3k | $31.80 |
| − Vacancy | −$3.2k | −$1.57 |
| EGI | $62.1k | $30.23 |
| − OpEx | −$18.6k | −$9.07 |
| NOI | $43.5k | $21.16 |
2,054 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$620.9K
$543.3K – $724.4K
NOI $43,463 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$583.8K
$510.9K – $681.1K
NOI $40,868 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,117 @ 7.0% cap · market cap 9.46%
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 - This two-unit corner property offers two bedrooms per unit, a sunroom and rear decks, plus a detached two-car garage.
Where is this duplex located?
The property is located at 31 Lewis St Medford, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two‑family home built in 1925 on a corner lot; Each unit offers 2 bedrooms plus potential to convert to 3 beds, 1 bath; Units include full dining room/office, pantry/laundry room, high ceilings, sunroom, and rear deck
