Updated Two-Family
38 Pembroke Street Medford, MA 02155
38 Pembroke Street, Medford, MA, 02155
$1,299,900
For Sale
$1,299,900
Two-unit multifamily with hardwood floors, updated kitchens, and a fenced yard on a 3,920 sq ft lot.
Property Size3,240 SF
Lot Size0.09 Acres
Price / SF$401.20
Days on Market69
Property Features for 38 Pembroke Street
General Information
- Standard status
- Active
- Size
- 3,240 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1918
Listing agency
Redfin Corp.
Listed by
Patricia Nunez
(978) 922-3683
Source
Jbarrettrealty
Added: May 14 Updated: Jul 21 at 2:45AM Checked: Jul 21 at 6:02AM
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 Redfin Corp.
Investment Insights
Based on property information with market context.
A beautifully maintained two-family in Medford offering updated interiors and flexible layouts across both units. Unit 1 features hardwood flooring, a bright living room, and an updated kitchen with granite countertops, stainless steel appliances, and a large pantry. It includes two large bedrooms plus a third bedroom or versatile bonus room, along with a full bath. Unit 2 spans two levels and offers an expansive floor plan with gleaming hardwood floors, a generous living room, and a kitchen with pantry. In addition to two or three bedrooms and one full bath, Unit 2 includes three bonus rooms on a finished third floor, providing additional bedroom, office, or flex space options.
The property sits on a 3,920 sq ft lot in a quiet, desirable area and is located next to Magoun Park. Outdoor space includes a fenced yard suitable for entertaining, gardening, or recreation. Updates include fresh paint throughout, a restored slate roof completed about two years ago, and a furnace approximately seven years old. The home is also described as being conveniently located near shops, restaurants, public transportation, and major routes.
The property sits on a 3,920 sq ft lot in a quiet, desirable area and is located next to Magoun Park. Outdoor space includes a fenced yard suitable for entertaining, gardening, or recreation. Updates include fresh paint throughout, a restored slate roof completed about two years ago, and a furnace approximately seven years old. The home is also described as being conveniently located near shops, restaurants, public transportation, and major routes.
Key Highlights
- 2‑family multifamily built in 1918 on a 3,920 sq ft lot near Magoun Park in Medford
- Unit 1 includes hardwood flooring, bright living room, updated kitchen with granite countertops, stainless steel appliances, and huge pantry
- Unit 1 offers 2 large bedrooms plus a 3rd bedroom or versatile bonus room and a full bath
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 | $103.0k | $31.80 |
| − Vacancy | −$5.1k | −$1.57 |
| EGI | $97.9k | $30.23 |
| − OpEx | −$29.4k | −$9.07 |
| NOI | $68.6k | $21.16 |
3,240 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$979.4K
$857.0K – $1.14M
NOI $68,560 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$920.9K
$805.8K – $1.07M
NOI $64,465 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,265 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit multifamily with hardwood floors, updated kitchens, and a fenced yard on a 3,920 sq ft lot.
Where is this duplex located?
The property is located at 38 Pembroke Street Medford, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 2‑family multifamily built in 1918 on a 3,920 sq ft lot near Magoun Park in Medford; Unit 1 includes hardwood flooring, bright living room, updated kitchen with granite countertops, stainless steel appliances, and huge pantry; Unit 1 offers 2 large bedrooms plus a 3rd bedroom or versatile bonus room and a full bath
