Duplex with Off-Street
For Sale
$1,149,000
357-359 Main St, Medford, MA 02155
Two residences feature separate utilities, flexible layouts, and access to nearby transit, shops, and parks.
Property Size2,988 SF
Days on Market8
Property Features for 357-359 Main St
General Information
Standard status
Active
Size
2,988 SF
Total Parking Spaces
4
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,313
Amenities
shared enclosed front porch
small rear porches
Building Details
Building Size
2,988 SF
Year Built
1912
Listing Agency:
REMAX Andrew Realty Services
Listed By:
John Veneziano
(617) 840-5499
Source:
Madelyngarciarealestate
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 3:22AM
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 REMAX Andrew Realty Services
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Investment Insights
Based on property information with market context.
Built in 1912, this 2,988-square-foot duplex contains two residences with separate utilities. The first unit has a living room, dining room, kitchen, two bedrooms, and a full bath. The second spans two levels, with a living room, dining room, kitchen, two bedrooms, and a full bath on the main floor; upstairs are a primary bedroom with an en-suite bath and an attic room. A shared enclosed front porch and small rear porches add to the property’s configuration, while four off-street parking spaces serve the building.
The property is in the South Medford/Tufts area, moments from Tufts University, shops, restaurants, and parks. The MBTA Green Line Extension is approximately 0.7 miles away, with access to the Medford/Tufts and Ball Square stations. Nearby bus service and major routes provide additional transportation connections.
The property is in the South Medford/Tufts area, moments from Tufts University, shops, restaurants, and parks. The MBTA Green Line Extension is approximately 0.7 miles away, with access to the Medford/Tufts and Ball Square stations. Nearby bus service and major routes provide additional transportation connections.
Key Highlights
- Two‑family duplex with 2,988 square feet
- Built in 1912
- Four‑car off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,227
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,540
$1.3M
Cap Rate 7%
$903,243
$903.2K
Cap Rate 9%
$702,522
$702.5K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$95.0K $31.80/SF
− Vacancy
−$4.7K −$1.57/SF
EGI
$90.3K $30.23/SF
− OpEx
−$27.1K −$9.07/SF
NOI
$63.2K $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%
$1,264,540
Cap Rate 7%
$903,243
Cap Rate 9%
$702,522
Alternative Uses
Best Use
Multifamily LT 5
$903.2K
$790.3K – $1.05M
NOI $63,227 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$849.3K
$743.1K – $990.9K
NOI $59,451 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,822 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,303
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature separate utilities, flexible layouts, and access to nearby transit, shops, and parks.
Where is this duplex located?
The property is located at 357-359 Main St Medford, MA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two‑family duplex with 2,988 square feet; Built in 1912; Four‑car off‑street parking
