Building Details

Building Size 3,088 SF

Year Built 1920

Stories 3

Listing Agency: Coldwell Banker Realty - Andovers/Readings Regional

Listed By: Jennifer Mason Show Phone

Source: Cjbarrett

Added: Apr 14 Changed: Sep 3 Last Checked: Aug 29 at 8:33PM

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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 Coldwell Banker Realty - Andovers/Readings Regional

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Investment Insights

Based on property information with market context.

This 1920 duplex at 42-44 Burnside St includes 11 rooms, 5 bedrooms, 2 full baths, and 3,088 square feet of living space. The first unit contains 5 rooms, 2 bedrooms, one bath, an eat-in kitchen, living and dining rooms, hardwood flooring, and a built-in dining hutch. The second residence extends across two levels with 3 bedrooms, an eat-in kitchen, living and dining rooms, hardwood floors, a full bath, and another built-in hutch.

Open front porches and screened rear porches add usable outdoor areas. The property also includes a large unfinished basement, vinyl siding, 4 off-street parking spaces, and a garage with storage. Zoned GR, it is near the Orange Line and Routes 93, 28, 60, and 16, with access to Wellington and Assembly Row.

Key Highlights

• Two‑family duplex built in 1920 with 3,088 square feet of living space
• Unit 1 offers 5 rooms, 2 bedrooms, and 1 bath
• Second unit spans two levels with 3 bedrooms and 1 full bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,343

Cap Rate

6.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,306,860 $1.3M

Cap Rate 7%

$933,471 $933.5K

Cap Rate 9%

$726,033 $726.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,088 SF

Gross rent

$98.2K $31.80/SF

− Vacancy

−$4.9K −$1.57/SF

EGI

$93.3K $30.23/SF

− OpEx

−$28.0K −$9.07/SF

NOI

$65.3K $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%

$1,306,860

Cap Rate 7%

$933,471

Cap Rate 9%

$726,033

Alternative Uses

Best Use

Multifamily LT 5

$933.5K

$816.8K – $1.09M (±1% cap)

NOI $65,343 @ 7.0% cap · market cap 6.53%

Second Best

Apartment 5plus

$877.7K

$768.0K – $1.02M (±1% cap)

NOI $61,441 @ 7.0% cap · market cap 6.14%

Theoretical Best

Office A

$1.83M

$1.60M – $2.13M (±1% cap)

NOI $127,966 @ 7.0% cap · market cap 12.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Law Firm Hotel & Motel Garden Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

986

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-level residential income property with separate living areas, hardwood floors, basement storage, and off-street parking.

Where is this duplex located?

The property is located at 42-44 Burnside St Medford, MA.

What is the asking price?

The asking price for this property is $999,999.

What are key features of this property?

This property features: Two‑family duplex built in 1920 with 3,088 square feet of living space; Unit 1 offers 5 rooms, 2 bedrooms, and 1 bath; Second unit spans two levels with 3 bedrooms and 1 full bath