Duplex with Flexible Living
For Sale
$1,525,000
53 Irving Street, Medford, MA 02155
Two residential units offer distinct multi-level and single-level living arrangements with outdoor amenities and off-street parking.
Property Size3,766 SF
Price / SF$404.94
Days on Market30
Property Features for 53 Irving Street
General Information
Standard status
Active
Size
3,766 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
deck
fenced yard
garage
shed
Building Details
Year Built
1910
Listing Agency:
Compass
Listed By:
Samantha Edwards
(617) 206-3333
Source:
Highlandre
Added: Sep 6
Changed: Oct 4
Last Checked: Oct 4 at 9:43AM
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 3,766-square-foot duplex, built in 1910, contains 7 bedrooms and 3 full baths across two residential units. One unit spans two levels and includes access to a walk-up third floor, while the second unit is arranged for single-level living. The lower level adds potential for additional usable space. SF1 zoning is also identified for the property.
Exterior features include two decks, a fenced yard, a garage, a shed, and ample off-street parking. The property is located at 53 Irving St in Medford, near commuter rail service, major routes, shops, restaurants, and parks. Boston is also identified as part of the surrounding regional context. The home is scheduled to be delivered vacant at closing.
Exterior features include two decks, a fenced yard, a garage, a shed, and ample off-street parking. The property is located at 53 Irving St in Medford, near commuter rail service, major routes, shops, restaurants, and parks. Boston is also identified as part of the surrounding regional context. The home is scheduled to be delivered vacant at closing.
Key Highlights
- 3,766‑square‑foot duplex built in 1910
- 7 bedrooms and 3 full baths across two residential units
- One unit offers two‑level living with access to a walk‑up third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,690
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,800
$1.6M
Cap Rate 7%
$1,138,429
$1.1M
Cap Rate 9%
$885,444
$885.4K
Market Conditions
NOI Build-Up for 3,766 SF
Gross rent
$119.8K $31.80/SF
− Vacancy
−$5.9K −$1.57/SF
EGI
$113.8K $30.23/SF
− OpEx
−$34.2K −$9.07/SF
NOI
$79.7K $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%
$1,593,800
Cap Rate 7%
$1,138,429
Cap Rate 9%
$885,444
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$996.1K – $1.33M
NOI $79,690 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$1.07M
$936.6K – $1.25M
NOI $74,931 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,062 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
542
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct multi-level and single-level living arrangements with outdoor amenities and off-street parking.
Where is this duplex located?
The property is located at 53 Irving Street Medford, MA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: 3,766‑square‑foot duplex built in 1910; 7 bedrooms and 3 full baths across two residential units; One unit offers two‑level living with access to a walk‑up third floor
