Classic Two-Family in West
For Sale
$995,000
Pending
40 Century St, Medford, MA 02155
Two-family home with income potential in a prime location.
Property Size2,436 SF
Lot Size0.12 Acres
Days on Market318
Property Features for 40 Century St
General Information
Standard status
Pending
Size
2,436 SF
Lot size
0.12 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,536
Building Details
Building Size
2,436 SF
Year Built
1920
Stories
2
Units
2
Listed By:
Anne Marie Kelly
(617) 922-4183
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 10
Last Checked: Oct 11 at 7:59AM
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 Anne Marie Kelly
Investment Insights
Based on property information with market context.
This classic two-family property in West Medford presents an opportunity for investors, multi-generational buyers, or end users. Each unit features two bedrooms, a full bath, a large kitchen, open living and dining rooms, plus an office/sunroom. The second-floor unit includes a generous foyer. The property has wood siding, porches, and a yard suitable for play space or a vegetable garden. Updates include a newer roof, decks, and an oil tank for unit 1. A sizable driveway provides off-street parking. The property is located in a neighborhood near the commuter rail, Fells Reservation, schools, and other amenities in West Medford.
Key Highlights
- Income‑generating two‑family home ideal for investors or multi‑generational living.
- Prime West Medford location near commuter rail, Fells Reservation, and schools.
- Each unit features two bedrooms, full bath, large kitchen, open living/dining, and office/sunroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,547
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,940
$1.0M
Cap Rate 7%
$736,386
$736.4K
Cap Rate 9%
$572,744
$572.7K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$77.5K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$73.6K $30.23/SF
− OpEx
−$22.1K −$9.07/SF
NOI
$51.5K $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%
$1,030,940
Cap Rate 7%
$736,386
Cap Rate 9%
$572,744
Alternative Uses
Best Use
Multifamily LT 5
$736.4K
$644.3K – $859.1K
NOI $51,547 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$692.4K
$605.9K – $807.8K
NOI $48,468 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,947 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
365
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with income potential in a prime location.
Where is this duplex located?
The property is located at 40 Century St Medford, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Income‑generating two‑family home ideal for investors or multi‑generational living.; Prime West Medford location near commuter rail, Fells Reservation, and schools.; Each unit features two bedrooms, full bath, large kitchen, open living/dining, and office/sunroom.
