Building Details

Year Built 1964

Tenancy Multi

Listing Agency: Compass

Listed By: Currier,Lane & Young Show Phone

Source: Yourhomeforsale

Added: Sep 29 Changed: Oct 4 Last Checked: Oct 4 at 9:56AM

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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 Compass

Investment Insights

Based on property information with market context.

This 4,445-square-foot duplex contains two residences with a combined 11 bedrooms, 11 full bathrooms, and two half baths. Unit 1 has six bedrooms and 6.5 baths; Unit 2 has five bedrooms and 5.5 baths. Interior features include walnut-stained oak floors, recessed lighting, quartz kitchen counters, tile backsplashes, peninsula seating, and stainless steel appliances. Both residences have in-unit washers and dryers and central air conditioning. Multiple decks, landscaped outdoor space, and off-street parking add to the property’s physical amenities. Built in 1964, the property is in Medford near Tufts and the Green Line Extension, with access to Assembly Row, I-93, shopping, and neighborhood businesses.

Key Highlights

• 4,445 square feet with two residences and 11 bedrooms
• Unit 1: 6 bedrooms and 6.5 baths; Unit 2: 5 bedrooms and 5.5 baths
• 11 full bathrooms and two half baths across the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$107,241

Cap Rate

5.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,144,820 $2.1M

Cap Rate 7%

$1,532,014 $1.5M

Cap Rate 9%

$1,191,567 $1.2M

Market Conditions

NOI Build-Up for 5,068 SF

Gross rent

$161.2K $31.80/SF

− Vacancy

−$8.0K −$1.57/SF

EGI

$153.2K $30.23/SF

− OpEx

−$46.0K −$9.07/SF

NOI

$107.2K $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%

$2,144,820

Cap Rate 7%

$1,532,014

Cap Rate 9%

$1,191,567

Alternative Uses

Best Use

Multifamily LT 5

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,241 @ 7.0% cap · market cap 5.36%

Second Best

Apartment 5plus

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,836 @ 7.0% cap · market cap 5.04%

Theoretical Best

Office A

$3.00M

$2.63M – $3.50M (±1% cap)

NOI $210,017 @ 7.0% cap · market cap 10.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Food Market Hotel & Motel Grocery & Convenience Store Travel Agency Computer & Electronic Repair

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

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,188

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

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two residences offer extensive bedroom capacity, in-unit laundry, central air conditioning, outdoor areas, and off-street parking.

Where is this duplex located?

The property is located at 43 Wright Avenue Medford, MA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 4,445 square feet with two residences and 11 bedrooms; Unit 1: 6 bedrooms and 6.5 baths; Unit 2: 5 bedrooms and 5.5 baths; 11 full bathrooms and two half baths across the property