Two-Unit Duplex with
New
For Sale
$979,000
54 Century St, Medford, MA 02155
One residence is vacant, while the other is leased through May 2027.
Property Size2,236 SF
Lot Size0.13 Acres
Days on Market6
Property Features for 54 Century St
General Information
Standard status
Active
Size
2,236 SF
Lot size
0.13 Acres
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,771
Amenities
hardwood floors
sunroom
shared yard
Building Details
Building Size
2,236 SF
Year Built
1920
Listing Agency:
Cambridge Sage Inc.
Listed By:
Sage Jankowitz · License #449595503
(617) 833-7457
Source:
Downtownbostonrealty
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 4 at 2:35PM
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 Cambridge Sage Inc.
Investment Insights
Based on property information with market context.
This two-family property, built in 1920, has two-bedroom living spaces on both levels. Each includes living and dining rooms, a kitchen with a dishwasher, refrigerator, and stove, and a sunroom. The upper residence also offers an office area and private porch; the lower has a private deck. Hardwood flooring is present in both living and dining rooms, and the bathrooms have been updated. The upper unit is vacant, while the lower is leased through the end of May 2027. Both heating systems have been converted to gas, and the basement includes a sump pump.
The property sits on a 5,800+ sq ft lot, about 0.5 miles from West Medford commuter rail. Outdoor and parking features include a shared yard, a two-car garage, and driveway space for 6+ cars.
The property sits on a 5,800+ sq ft lot, about 0.5 miles from West Medford commuter rail. Outdoor and parking features include a shared yard, a two-car garage, and driveway space for 6+ cars.
Key Highlights
- Two‑bedroom residences on both levels; upper unit is vacant and lower unit is leased through the end of May 2027
- 5,800+ sq ft lot with a shared yard
- Two‑car garage and driveway parking for 6+ cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,315
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,300
$946.3K
Cap Rate 7%
$675,929
$675.9K
Cap Rate 9%
$525,722
$525.7K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$71.1K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$67.6K $30.23/SF
− OpEx
−$20.3K −$9.07/SF
NOI
$47.3K $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%
$946,300
Cap Rate 7%
$675,929
Cap Rate 9%
$525,722
Alternative Uses
Best Use
Multifamily LT 5
$675.9K
$591.4K – $788.6K
NOI $47,315 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,659 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
422
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the other is leased through May 2027.
Where is this duplex located?
The property is located at 54 Century St Medford, MA.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Two‑bedroom residences on both levels; upper unit is vacant and lower unit is leased through the end of May 2027; 5,800+ sq ft lot with a shared yard; Two‑car garage and driveway parking for 6+ cars
