Triplex with Private Roof
New
For Sale
$1,249,000
336-338 Riverside Avenue, Medford, MA 02155
Three units offer varied layouts, in-unit laundry, and a mix of indoor and outdoor living areas.
Property Size4,413 SF
Price / SF$283.03
Days on Market3
Property Features for 336-338 Riverside Avenue
General Information
Standard status
Active
Size
4,413 SF
Total Parking Spaces
7
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3BR/1BA, 4BR/1.5BA, 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
fenced, landscaped yard
backyard patio
in-unit laundry
Building Details
Year Built
1910
Listing Agency:
Keller Williams Realty
Listed By:
Wilson Group
(781) 424-6286
Source:
Thecharlesrealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 1:47PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1910 triplex contains three units across four levels. The first-floor apartment has three bedrooms, one full bath, an open living and kitchen area, granite counters, stainless appliances, and hardwood floors. The upper residence includes four bedrooms, one-and-a-half baths, an office, and a family room with a wet bar and access to a private roof deck. A finished walkout lower-level apartment adds two bedrooms, a full bath, a kitchenette, and laundry. All units have newer windows, ductless mini-splits, ceiling fans, and in-unit laundry.
The property also includes a fenced, landscaped yard, patio, detached two-car garage, and five additional off-street parking spaces. Meadow Glenn Mall, Medford Square, and Assembly Row are nearby, with access to Boston via I-93 and the Orange Line.
The property also includes a fenced, landscaped yard, patio, detached two-car garage, and five additional off-street parking spaces. Meadow Glenn Mall, Medford Square, and Assembly Row are nearby, with access to Boston via I-93 and the Orange Line.
Key Highlights
- Three units across four levels
- Detached two‑car garage plus five off‑street parking spaces
- Upper‑level residence includes a private roof deck and family room with wet bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,381
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,867,620
$1.9M
Cap Rate 7%
$1,334,014
$1.3M
Cap Rate 9%
$1,037,567
$1.0M
Market Conditions
NOI Build-Up for 4,413 SF
Gross rent
$140.3K $31.80/SF
− Vacancy
−$6.9K −$1.57/SF
EGI
$133.4K $30.23/SF
− OpEx
−$40.0K −$9.07/SF
NOI
$93.4K $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%
$1,867,620
Cap Rate 7%
$1,334,014
Cap Rate 9%
$1,037,567
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.56M
NOI $93,381 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,804 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,874 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three units offer varied layouts, in-unit laundry, and a mix of indoor and outdoor living areas.
Where is this triplex located?
The property is located at 336-338 Riverside Avenue Medford, MA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Three units across four levels; Detached two‑car garage plus five off‑street parking spaces; Upper‑level residence includes a private roof deck and family room with wet bar
