Building Details

Building Size 2,276 SF

Year Built 1906

Buildings 1

Stories 2

Listing Agency: Realty ONE Group Cosmopolitan

Listed By: Catallo Team Show Phone

Source: Cjbarrett

Added: May 11 Changed: Aug 29 Last Checked: May 28 at 5:47AM

Report an Issue

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 Realty ONE Group Cosmopolitan

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1906, this 2,276-square-foot duplex contains two three-bedroom units with six- and seven-room layouts. Both residences offer eat-in kitchens, ample cabinetry and storage, hardwood flooring, enclosed or open-air porches, and in-unit laundry. Unit 2 adds enclosed front and rear porch areas, a custom-tile bathroom with walk-in shower, and modern interior finishes, while Unit 1 retains stained woodwork and hardwood floors beneath carpeting. Separate utilities include 200-amp electric service, with 100 amps allocated to each unit.

The exterior includes an in-ground pool, paved patios, landscaped gardens, and a four-car paved driveway. A large basement provides high ceilings, a finished room, and an exterior side entrance. The property is near the Mystic River, Tufts University, and Green Line train service. The roof is 5 years old.

Key Highlights

• 2,276‑square‑foot duplex built in 1906
• Two 3‑bedroom units with 6- and 7‑room layouts
• Separate utilities with 200‑amp electric and 100 amps per unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,161

Cap Rate

4.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$963,220 $963.2K

Cap Rate 7%

$688,014 $688.0K

Cap Rate 9%

$535,122 $535.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,276 SF

Gross rent

$72.4K $31.80/SF

− Vacancy

−$3.6K −$1.57/SF

EGI

$68.8K $30.23/SF

− OpEx

−$20.6K −$9.07/SF

NOI

$48.2K $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%

$963,220

Cap Rate 7%

$688,014

Cap Rate 9%

$535,122

Alternative Uses

Best Use

Multifamily LT 5

$688.0K

$602.0K – $802.7K (±1% cap)

NOI $48,161 @ 7.0% cap · market cap 4.23%

Second Best

Apartment 5plus

$646.9K

$566.1K – $754.8K (±1% cap)

NOI $45,285 @ 7.0% cap · market cap 3.98%

Theoretical Best

Office A

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,317 @ 7.0% cap · market cap 8.28%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Restaurant Food Market Parking Lot & Garage Grocery & Convenience Store Pharmacy 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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,790

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

Similar For Sale Nearby

See more

Renovated Two-Family Investment

7 Smith St, Medford, MA 02155

$1,180,000

2,278 SF

View details

Duplex with Two-Car Garage

54 Century Street, Medford, MA 02155

$979,000

2,236 SF

View details

Two-Unit Duplex with Garage

54 Century St, Medford, MA 02155

$979,000

0.13 Acres

View details

Duplex with Enclosed Yard

7 Pembroke St, Medford, MA 02155

$979,000

View details

Two-Family Residential Income Property

23 Bowdoin St, Medford, MA 02155

$1,179,000

2,562 SF

View details

Updated Two-Unit Duplex

38-40 Cherry Street, Medford, MA 02155

$1,200,000

2,630 SF

View details

Duplex with In-Ground Pool

76-78 Surrey St, Medford, MA 02155

$1,329,000

View details

Two-Family Duplex with Garage

22-22a Valley Street, Medford, MA 02155

$1,049,000

2,608 SF

View details

Two-Family Residential Income Property

549 Main St, Medford, MA 02155

$1,050,000

View details

Corner-Lot Duplex

78 Marshall Street, Medford, MA 02155

$1,078,000

2,788 SF

View details

Updated Two-Family Duplex

168 Main St, Medford, MA 02155

$1,325,000

2,723 SF

View details

Duplex with Off-Street Parking

357-359 Main St, Medford, MA 02155

$1,149,000

2,988 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units combine period character, updated utilities, in-unit laundry, and a landscaped outdoor setting with pool and patios.

Where is this duplex located?

The property is located at 48 Metcalf Street Medford, MA.

What is the asking price?

The asking price for this property is $1,138,888.

What are key features of this property?

This property features: 2,276‑square‑foot duplex built in 1906; Two 3‑bedroom units with 6- and 7‑room layouts; Separate utilities with 200‑amp electric and 100 amps per unit