Duplex with Off-Street
New
For Sale
$1,149,000
357-359 Main St, Medford, MA 02155
Residential Income, Medford, MA
Property Size2,988 SF
Lot Size0.10 Acres
Price / SF$384.54
Days on Market2
Property Features for 357-359 Main St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GR
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1
Parking
4
Directions
On the corner of Main Street and Yale Street. (Please use GPS.)
Standard status
Active
APN
M:T09 B:0064 L:0000
Size
2,988 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9313
Amenities
shared enclosed front porch
rear porches
Building Details
Year built
1912
Floors in Building
3
Number of units
2
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Added: Oct 15
Last Checked: Oct 16 at 11:06AM
MLS# 73591324
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 1912 duplex contains 2,988 square feet across two units on a 0.1019-acre lot. The larger unit occupies two levels, with a living room, dining room, kitchen, two bedrooms and a full bath on the main floor; the upper level has a primary bedroom with an en-suite bath and additional attic space. The other unit includes a living room, dining room, kitchen, two bedrooms and a full bath. The property also has separate utilities, an enclosed shared front porch, small rear porches and four off-street parking spaces.
The property is in Medford, approximately 0.7 miles from the MBTA Green Line Extension, including the Medford/Tufts and Ball Square stations. Nearby amenities include Tufts University, shops, restaurants, parks, bus service and major routes. Zoning is GR.
The property is in Medford, approximately 0.7 miles from the MBTA Green Line Extension, including the Medford/Tufts and Ball Square stations. Nearby amenities include Tufts University, shops, restaurants, parks, bus service and major routes. Zoning is GR.
Key Highlights
- Two‑unit duplex with 2,988 square feet on a 0.1019‑acre lot
- Four off‑street parking spaces
- One unit spans two levels and includes a primary bedroom with en‑suite bath
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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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,303
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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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?
Duplex - Separate utilities serve two residential units, with a shared enclosed front porch and small rear porches.
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‑unit duplex with 2,988 square feet on a 0.1019‑acre lot; Four off‑street parking spaces; One unit spans two levels and includes a primary bedroom with en‑suite bath
