Two-Family Corner
For Sale
$1,039,000
Pending
562 Main St, Medford, MA 02155
Well-maintained two-family home on a prominent corner lot with close access to Tufts University and major regional destinations.
Property Size2,679 SF
Days on Market111
Property Features for 562 Main St
General Information
Standard status
Pending
Size
2,679 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,812
Building Details
Building Size
2,679 SF
Year Built
1910
Listing Agency:
Longwood Residential, LLC
Listed By:
Derek Young
(857) 249-5131
Source:
Madelyngarciarealestate
Added: Jun 17
Changed: Sep 21
Last Checked: Oct 4 at 5:21PM
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 Longwood Residential, LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family home is situated on a prominent corner lot in Medford’s Tufts neighborhood. The property is designed to provide spacious living with a flexible setup that can work as an investment asset or as an owner-occupied residence.
The location offers convenient access to Tufts University and the Medford/Tufts Green Line station, as well as I-93, Assembly Row, and downtown Boston.
Offered for sale, this versatile duplex-style residence combines a strong live/work configuration with easy connectivity for day-to-day access.
The location offers convenient access to Tufts University and the Medford/Tufts Green Line station, as well as I-93, Assembly Row, and downtown Boston.
Offered for sale, this versatile duplex-style residence combines a strong live/work configuration with easy connectivity for day-to-day access.
Key Highlights
- Well‑maintained two‑family home built in 1910
- Located on a prominent corner lot
- Convenient access to Tufts University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,689
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,780
$1.1M
Cap Rate 7%
$809,843
$809.8K
Cap Rate 9%
$629,878
$629.9K
Market Conditions
NOI Build-Up for 2,679 SF
Gross rent
$85.2K $31.80/SF
− Vacancy
−$4.2K −$1.57/SF
EGI
$81.0K $30.23/SF
− OpEx
−$24.3K −$9.07/SF
NOI
$56.7K $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%
$1,133,780
Cap Rate 7%
$809,843
Cap Rate 9%
$629,878
Alternative Uses
Best Use
Multifamily LT 5
$809.8K
$708.6K – $944.8K
NOI $56,689 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$761.5K
$666.3K – $888.4K
NOI $53,303 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,017 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,349
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Well-maintained two-family home on a prominent corner lot with close access to Tufts University and major regional destinations.
Where is this duplex located?
The property is located at 562 Main St Medford, MA.
What is the asking price?
The asking price for this property is $1,039,000.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1910; Located on a prominent corner lot; Convenient access to Tufts University
