Two-Family Corner
562 Main Street Medford, MA 02155
562 Main Street, Medford, MA, 02155
$1,080,000
For Sale
$1,080,000
A well-maintained two-family residence on a prominent corner lot with convenient access to major Medford and Boston destinations.
Property Size2,679 SF
Price / SF$403.14
Days on Market36
Property Features for 562 Main Street
General Information
- Standard status
- Active
- Size
- 2,679 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Longwood Residential,LLC
Listed by
Derek Young
(508) 287-2695
Source
Demakis
Added: Jun 16 Updated: Jul 10 at 2:02PM Checked: Jul 21 at 5:13AM
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 sits on a prominent corner lot and offers spacious separate living arrangements within one property. The setup provides flexibility for buyers seeking either an owner-occupied arrangement or a rental configuration.
Located in Medford’s Tufts neighborhood, the home is positioned for convenient access to Tufts University and the Medford/Tufts Green Line station. Additional connectivity includes I-93, Assembly Row, and downtown Boston.
With its two-family layout and established condition, the property can appeal to owner-occupants who want to offset expenses with rental income, as well as investors looking for a multifamily structure in a highly connected area. Group showings are scheduled for 6/20 and 6/21 from 11:00 a.m. to 12:30 p.m.
Located in Medford’s Tufts neighborhood, the home is positioned for convenient access to Tufts University and the Medford/Tufts Green Line station. Additional connectivity includes I-93, Assembly Row, and downtown Boston.
With its two-family layout and established condition, the property can appeal to owner-occupants who want to offset expenses with rental income, as well as investors looking for a multifamily structure in a highly connected area. Group showings are scheduled for 6/20 and 6/21 from 11:00 a.m. to 12:30 p.m.
Key Highlights
- Well‑maintained two‑family home built in 1910
- Situated on a prominent corner lot
- Convenient access to Tufts University and the Medford/Tufts Green Line station
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 | $85.2k | $31.80 |
| − Vacancy | −$4.2k | −$1.57 |
| EGI | $81.0k | $30.23 |
| − OpEx | −$24.3k | −$9.07 |
| NOI | $56.7k | $21.16 |
2,679 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$809.8K
$708.6K – $944.8K
NOI $56,689 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$761.5K
$666.3K – $888.4K
NOI $53,303 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,017 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A well-maintained two-family residence on a prominent corner lot with convenient access to major Medford and Boston destinations.
Where is this duplex located?
The property is located at 562 Main Street Medford, MA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1910; Situated on a prominent corner lot; Convenient access to Tufts University and the Medford/Tufts Green Line station
