Two-Family Corner Lot
For Sale
$869,000
Pending
4 Fifth, Medford, MA 02155
Two-family residence on a corner lot with two driveways and two units each over 1,000 square feet.
Property Size2,344 SF
Days on Market81
Property Features for 4 Fifth
General Information
Standard status
Pending
Size
2,344 SF
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,898
Building Details
Building Size
2,344 SF
Year Built
1930
Listing Agency:
Leading Edge Real Estate
Listed By:
Eric Raynor
(617) 686-2844
Source:
Classifiedrealtygroup
Added: Jun 20
Changed: Sep 5
Last Checked: Sep 1 at 6:33PM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
This two-family home offers two separate units, each with over 1,000 square feet and described as receiving ample natural light. The property sits on a 6,000 square foot corner lot and is being sold as-is.
There are two driveways on the site—one paved and one gravel—providing parking for both units. The second unit is described as older but clean, while the first floor could benefit from upgrades. The property presents multiple value-add paths, including expansion, upgrades, or the addition of an ADU.
The home’s location is described as being within 0.5 miles of Station Landing and near Wellington Station, supporting ongoing convenience for residents.
There are two driveways on the site—one paved and one gravel—providing parking for both units. The second unit is described as older but clean, while the first floor could benefit from upgrades. The property presents multiple value-add paths, including expansion, upgrades, or the addition of an ADU.
The home’s location is described as being within 0.5 miles of Station Landing and near Wellington Station, supporting ongoing convenience for residents.
Key Highlights
- Two‑family residence built in 1930 on a 6,000 sq ft corner lot
- Two units, each over 1,000 sq ft, with natural light
- Each unit has 1,000+ sq ft; Unit #2 is older but described as clean and ready to rent as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$992,000
$992.0K
Cap Rate 7%
$708,571
$708.6K
Cap Rate 9%
$551,111
$551.1K
Market Conditions
NOI Build-Up for 2,344 SF
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.
Gross rent
$74.5K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$70.9K $30.23/SF
− OpEx
−$21.3K −$9.07/SF
NOI
$49.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$992,000
Cap Rate 7%
$708,571
Cap Rate 9%
$551,111
Alternative Uses
Best Use
Multifamily LT 5
$708.6K
$620.0K – $826.7K
NOI $49,600 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$666.3K
$583.0K – $777.3K
NOI $46,638 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,135 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
949
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence on a corner lot with two driveways and two units each over 1,000 square feet.
Where is this duplex located?
The property is located at 4 Fifth Medford, MA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Two‑family residence built in 1930 on a 6,000 sq ft corner lot; Two units, each over 1,000 sq ft, with natural light; Each unit has 1,000+ sq ft; Unit #2 is older but described as clean and ready to rent as‑is
