3-Unit Triplex with Roof
New
For Sale
$1,249,000
336-338 Riverside Ave, Medford, MA 02155
Residential Income, Medford, MA
Property Size4,413 SF
Lot Size0.14 Acres
Price / SF$283.03
Days on Market2
Property Features for 336-338 Riverside Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 9, Bathroom 4, Bathroom 3, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking
7
Elementary school
Mcglynn Elementary School
Middle school
Andrews Middle School
High school
Medford High
Directions
Spring St to Riverside or Locust St then left on Riverside.
Standard status
Active
Size
4,413 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10147
Amenities
granite counters
stainless appliances
hardwood floors
ductless mini-splits
ceiling fans
in-unit laundry
fenced yard
backyard patio
private roof deck
Building Details
Year built
1910
Floors in Building
6
Number of units
3
Listing Agency:
Keller Williams Realty
Listed By:
Keller Williams
(617) 969-9000
Added: Oct 29
Last Checked: Oct 30 at 11:06AM
MLS# 73596463
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.
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Investment Insights
Based on property information with market context.
This 3-unit property contains 4,413 square feet across three residences. The first-floor unit has three bedrooms, a full bath, an open living area, and a kitchen with granite counters and stainless appliances. The upper residence occupies two floors and 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 unit adds two bedrooms, a full bath, a kitchenette, and a laundry room. Two residences are leased through August.
Newer windows, ductless mini-splits, ceiling fans, and in-unit laundry serve the residences. Exterior features include a fenced, landscaped yard, a backyard patio, a detached two-car garage, and five off-street parking spaces. The 0.1372-acre property was built in 1910.
Shops, restaurants, and entertainment at Meadow Glenn Mall, Medford Square, and Assembly Row are nearby. I-93 and the Orange Line provide access toward Boston.
Newer windows, ductless mini-splits, ceiling fans, and in-unit laundry serve the residences. Exterior features include a fenced, landscaped yard, a backyard patio, a detached two-car garage, and five off-street parking spaces. The 0.1372-acre property was built in 1910.
Shops, restaurants, and entertainment at Meadow Glenn Mall, Medford Square, and Assembly Row are nearby. I-93 and the Orange Line provide access toward Boston.
Key Highlights
- Three residential units with 4,413 square feet of interior space
- Unit layouts include 3 bedrooms, 4 bedrooms, and 2 bedrooms
- Upper‑floor residence includes a private roof deck and a 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
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include private outdoor space, in-unit laundry, and a detached garage with additional off-street parking.
Where is this triplex located?
The property is located at 336-338 Riverside Ave 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 residential units with 4,413 square feet of interior space; Unit layouts include 3 bedrooms, 4 bedrooms, and 2 bedrooms; Upper‑floor residence includes a private roof deck and a family room with wet bar
