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West Medford Two-Family Home

548 High Street Medford, MA 02155

548 High Street, Medford, MA, 02155
$1,200,000
For Sale
Claim this Listing
$1,200,000

Two-family home in West Medford with renovated kitchens and hardwood floors.

Property Size3,499 SF
Price / SF$342.96
AddedApr 20
Days on Market87
Last RefreshJul 15 at 5:27 pm

Property Features for 548 High Street

General Information

Standard status
Active
Size
3,499 SF
Property subtype
Multi-family / 2 Family

Building Details

Year Built
1910

Listing office Red Tree Real Estate

Listing date Apr 20, 2026

Source Compass

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 Red Tree Real Estate


Investment Insights

Based on property information with market context.

This West Medford two-family home features high ceilings and large windows that provide natural light. Both units include renovated eat-in kitchens with appliances and hardwood floors. Unit 2 is a three-bedroom unit with central A/C, a renovated bathroom, and exclusive use of the rear patio. Unit 1 is a two-bedroom unit with in-unit laundry and a private deck. Unit 2 is owner-occupied, while Unit 1 is tenant at will for $2975.00. The property includes garage parking and is located near Route 2 and I93 expressways, as well as the West Medford MBTA Station. The property size is 3499 square feet.

Key Highlights

  • Excellent Location: Moments to Route 2 and I93 Expressways, and minutes to West Medford MBTA Station.
  • Two‑Family Home: Ideal for owner‑occupancy with rental income potential.
  • Unit #2 Features: Three bedrooms, central A/C, renovated bathroom, and exclusive use of the rear patio.

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 $111.3k $31.80
− Vacancy −$5.5k −$1.57
EGI $105.8k $30.23
− OpEx −$31.7k −$9.07
NOI $74.0k $21.16
3,499 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.06M
$925.5K – $1.23M (±1% cap)
NOI $74,040 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$994.5K
$870.2K – $1.16M (±1% cap)
NOI $69,618 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M (±1% cap)
NOI $144,998 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Hair Salon Nail Salon Food Market Dental Office Pharmacy Grocery & Convenience Store Parking Lot & Garage Restaurant Real Estate Agency

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family home in West Medford with renovated kitchens and hardwood floors.
Where is this duplex located?
The property is located at 548 High Street Medford, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Excellent Location: Moments to Route 2 and I93 Expressways, and minutes to West Medford MBTA Station.; Two‑Family Home: Ideal for owner‑occupancy with rental income potential.; Unit #2 Features: Three bedrooms, central A/C, renovated bathroom, and exclusive use of the rear patio.
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