Oversized Three-Family
320 Fellsway West Medford, MA 02155
320 Fellsway West, Medford, MA, 02155
$1,630,000
For Sale
$1,630,000
Oversized three-bedroom, one-bath units with 9-foot ceilings, hardwood floors, and covered front and back porches.
Property Size4,128 SF
Price / SF$394.86
Days on Market22
Property Features for 320 Fellsway West
General Information
- Standard status
- Active
- Size
- 4,128 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
Coldwell Banker Realty - Concord
Listed by
The Laura Baliestiero Team
(617) 846-8000
Source
Highlandre
Added: Jul 1 Updated: Jul 20 at 1:59AM Checked: Jul 21 at 8:56AM
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 Coldwell Banker Realty - Concord
Investment Insights
Based on property information with market context.
Offered for sale is an oversized three-family (triplex) residence with three separate 3-bedroom, 1-bath units. The property features tall 9-foot ceiling heights, hardwood flooring throughout, detailed wood moldings, custom built-ins, stained-glass windows, and walk-in pantry space in all three units. Each unit also benefits from living areas filled with natural light, along with large covered porches in both the front and back.
The home is situated on a corner lot and overlooks Hickey Park. The public remarks note it is about two minutes from Rt 93 and within short distances to Wright’s Tower and the Middlesex Reservation Walkway.
A two-car detached garage is included, with ADU possibilities pending town approvals. The remarks also mention a possible condo conversion opportunity, subject to applicable approvals.
The home is situated on a corner lot and overlooks Hickey Park. The public remarks note it is about two minutes from Rt 93 and within short distances to Wright’s Tower and the Middlesex Reservation Walkway.
A two-car detached garage is included, with ADU possibilities pending town approvals. The remarks also mention a possible condo conversion opportunity, subject to applicable approvals.
Key Highlights
- Built in 1905, oversized 3‑family residence with three 3BR/1BA units
- 9‑foot ceiling heights and hardwood flooring throughout each unit
- Detailed wood moldings, custom built‑ins, and stained glass windows in the units
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 | $131.3k | $31.80 |
| − Vacancy | −$6.5k | −$1.57 |
| EGI | $124.8k | $30.23 |
| − OpEx | −$37.4k | −$9.07 |
| NOI | $87.3k | $21.16 |
4,128 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,350 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,133 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,063 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Oversized three-bedroom, one-bath units with 9-foot ceilings, hardwood floors, and covered front and back porches.
Where is this triplex located?
The property is located at 320 Fellsway West Medford, MA.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Built in 1905, oversized 3‑family residence with three 3BR/1BA units; 9‑foot ceiling heights and hardwood flooring throughout each unit; Detailed wood moldings, custom built‑ins, and stained glass windows in the units
