Two-Unit Residential Income
443 Medford Street Somerville, MA 02145
443 Medford Street, Somerville, MA, 02145
$970,000
Pending
For Sale
$970,000
Pending
Two-unit multifamily with separate 2-bed unit and a larger 3-bed, 2-bath split-level unit needing updates.
Property Size2,434 SF
Days on Market14
Property Features for 443 Medford Street
General Information
- Standard status
- Pending
- Size
- 2,434 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
eXp Realty LLC
(888) 854-7493
Listed by
Nova Home Group · License #9580463
(888) 854-7493
Source
Compass
Added: Jul 8 Updated: Jul 21 at 4:51AM Checked: Jul 21 at 4:51AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This two-unit residential income property offers a first unit with 2 bedrooms and 1 bathroom and a second unit with spacious two-level living featuring 3 bedrooms and 2 bathrooms. The property is described as being in need of updates, with an opportunity for renovation and customization.
The address is 443 Medford Street in Somerville, MA. Public remarks note convenient access to Assembly Row, Union Square, Tufts University, public transportation, and parks.
As presented, the layout provides two distinct residential units with differing bedroom and bathroom configurations, supported by a shared lot setting.
The address is 443 Medford Street in Somerville, MA. Public remarks note convenient access to Assembly Row, Union Square, Tufts University, public transportation, and parks.
As presented, the layout provides two distinct residential units with differing bedroom and bathroom configurations, supported by a shared lot setting.
Key Highlights
- Two‑unit multifamily on Medford Street with separate 2‑bed/1‑bath unit and a larger 3‑bed/2‑bath split‑level unit
- First unit is move‑in ready with 2 beds and 1 bath, with opportunity for cosmetic updates
- Second unit offers 2‑level living with 3 beds and 2 baths, providing space for renovation and added value
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 | $77.4k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $73.6k | $30.23 |
| − OpEx | −$22.1k | −$9.07 |
| NOI | $51.5k | $21.16 |
2,434 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.8K
$643.8K – $858.4K
NOI $51,504 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$691.8K
$605.4K – $807.1K
NOI $48,428 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,864 @ 7.0% cap · market cap 10.40%
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-unit multifamily with separate 2-bed unit and a larger 3-bed, 2-bath split-level unit needing updates.
Where is this duplex located?
The property is located at 443 Medford Street Somerville, MA.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Two‑unit multifamily on Medford Street with separate 2‑bed/1‑bath unit and a larger 3‑bed/2‑bath split‑level unit; First unit is move‑in ready with 2 beds and 1 bath, with opportunity for cosmetic updates; Second unit offers 2‑level living with 3 beds and 2 baths, providing space for renovation and added value
