First-Floor Residential Income
For Sale
$879,900
Pending
65 Hillsdale Rd, Medford, MA 02155
Updated condo with a finished lower level, separate entrance, and adaptable two-level layout.
Property Size1,740 SF
Days on Market166
Property Features for 65 Hillsdale Rd
General Information
Standard status
Pending
Size
1,740 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$879,900
Amenities
Central Air
Hardwood
Forced Air, Natural Gas
2.0 Stories
$6,739 Taxes
Public
Built in 1910
Building Details
Year Built
1910
Year Renovated
2017
Listing Agency:
LAER Realty Partners
(508) 492-3303
Listed By:
John Fallon · License #448011021
Source:
Donahuere
Added: Apr 30
Changed: Oct 10
Last Checked: Oct 11 at 3:01AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This first-floor condo offers 1,740 sq ft across the main level and a finished lower level with its own separate entrance. The three-bedroom, two-bath layout includes two bedrooms and one full bath upstairs, along with an updated kitchen. The lower level adds a family room, a third bedroom, and another full bath. Hardwood floors have been newly finished, and the interior has been refreshed with new paint.
Located at 65 Hillsdale Rd in Medford, Massachusetts, the property was built in 1910 and renovated in 2017. Its two-level configuration provides distinct living areas within a residential condominium setting.
Located at 65 Hillsdale Rd in Medford, Massachusetts, the property was built in 1910 and renovated in 2017. Its two-level configuration provides distinct living areas within a residential condominium setting.
Key Highlights
- 3‑bedroom, 2‑bath first‑floor condo
- 1,740 sq ft across the main and lower levels
- Finished lower level with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,620
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,400
$692.4K
Cap Rate 7%
$494,571
$494.6K
Cap Rate 9%
$384,667
$384.7K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$66.4K $38.16/SF
− Vacancy
−$3.5K −$1.98/SF
EGI
$62.9K $36.18/SF
− OpEx
−$28.3K −$16.28/SF
NOI
$34.6K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,400
Cap Rate 7%
$494,571
Cap Rate 9%
$384,667
Alternative Uses
Best Use
Apartment 5plus
$494.6K
$432.8K – $577.0K
NOI $34,620 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$901.3K – $1.20M
NOI $72,105 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
974
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with a finished lower level, separate entrance, and adaptable two-level layout.
Where is this residential income property located?
The property is located at 65 Hillsdale Rd Medford, MA.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath first‑floor condo; 1,740 sq ft across the main and lower levels; Finished lower level with separate entrance
