Two-Family Corner Lot
4 Fifth Medford, MA 02155
4 Fifth, Medford, MA, 02155
$869,000
For Sale
$869,000
Two-family residence on a corner lot with two driveways and two units each over 1,000 square feet.
Property Size2,344 SF
Price / SF$370.73
Days on Market36
Property Features for 4 Fifth
General Information
- Standard status
- Active
- Size
- 2,344 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1930
Listing agency
Leading Edge Real Estate
(617) 686-2844
Listed by
Eric Raynor
(617) 686-2844
Source
Lockandkeyre
Added: Jun 16 Updated: Jul 20 at 5:38PM Checked: Jul 21 at 3:30AM
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
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 | $74.5k | $31.80 |
| − Vacancy | −$3.7k | −$1.57 |
| EGI | $70.9k | $30.23 |
| − OpEx | −$21.3k | −$9.07 |
| NOI | $49.6k | $21.16 |
2,344 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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 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-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
