Duplex with Two-Car
New
For Sale
$979,000
54 Century Street, Medford, MA 02155
The vacant upper residence includes a sunroom, office area, and private porch, while the lower unit has a private deck.
Property Size2,236 SF
Lot Size0.13 Acres
Price / SF$437.84
Days on Market6
Property Features for 54 Century Street
General Information
Standard status
Active
Size
2,236 SF
Lot size
0.13 Acres
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
dishwasher
fridge
stove
sunroom
porch
deck
shared yard
Building Details
Year Built
1920
Listing Agency:
Cambridge Sage Inc.
Listed By:
Sage Jankowitz
(617) 262-6200
Source:
Cabotandcompany
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 9:50AM
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.
Built in 1920, this 2,236-square-foot duplex has two bedrooms and a sunroom in each residence. The upper unit is vacant and includes an additional office area and private porch. The lower unit is leased through May 2027 and has its own deck. Both apartments feature living and dining rooms, kitchens with dishwashers, refrigerators, and stoves, and a bathroom. Heating systems have been converted to gas, and a basement sump pump is installed.
The property occupies a 5,800+ square-foot lot with a shared yard, a two-car garage, and driveway parking for 6+ cars. West Medford commuter rail is 0.5 miles away.
The property occupies a 5,800+ square-foot lot with a shared yard, a two-car garage, and driveway parking for 6+ cars. West Medford commuter rail is 0.5 miles away.
Key Highlights
- 2,236‑square‑foot duplex built in 1920
- Two bedrooms and a sunroom in each unit; upper apartment also has an office area
- Upper residence is vacant; lower unit is leased through May 2027
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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The vacant upper residence includes a sunroom, office area, and private porch, while the lower unit has a private deck.
Where is this duplex located?
The property is located at 54 Century Street 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: 2,236‑square‑foot duplex built in 1920; Two bedrooms and a sunroom in each unit; upper apartment also has an office area; Upper residence is vacant; lower unit is leased through May 2027
