Renovated Triplex with Detached
For Sale
$1,850,000
7-9 Second St, Medford, MA 02155
Three-unit residential property with updated systems, flexible layouts, off-street parking, and access to transit and regional amenities.
Property Size3,718 SF
Days on Market154
Property Features for 7-9 Second St
General Information
Standard status
Active
Size
3,718 SF
Property subtype
3 Family
Building Details
Building Size
3,718 SF
Year Built
1912
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Jacqui Webb
(781) 389-4579
Source:
Donnellyandco
Added: May 5
Changed: Oct 3
Last Checked: Oct 4 at 5:12PM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 3,718-square-foot triplex, built in 1912, combines a renovated main residence with a detached ADU. The first unit has a bi-level configuration with 2 bedrooms and 1 bath on the main level, along with a finished lower level containing an additional bedroom, full bath, and media rooms. The second unit occupies the upper floor and includes 2 bedrooms, an office, and 1 bath. A brand-new ADU adds 2 bedrooms and 1.5 baths. The finished basement also presents an opportunity for conversion into a fourth rentable unit.
Property improvements include all-new systems, central AC, and high-quality finishes. Off-street parking is provided, and the property is zoned RESA. The site is minutes from Assembly Row, with access to shopping, dining, and entertainment, as well as the Orange Line and I-93.
Property improvements include all-new systems, central AC, and high-quality finishes. Off-street parking is provided, and the property is zoned RESA. The site is minutes from Assembly Row, with access to shopping, dining, and entertainment, as well as the Orange Line and I-93.
Key Highlights
- 3,718‑square‑foot triplex on a 1912‑built property
- Detached brand‑new ADU with 2 bedrooms and 1.5 baths
- Main unit includes a bi‑level layout, finished lower level, additional bedroom, full bath, and media rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,674
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,480
$1.6M
Cap Rate 7%
$1,123,914
$1.1M
Cap Rate 9%
$874,156
$874.2K
Market Conditions
NOI Build-Up for 3,718 SF
Gross rent
$118.2K $31.80/SF
− Vacancy
−$5.8K −$1.57/SF
EGI
$112.4K $30.23/SF
− OpEx
−$33.7K −$9.07/SF
NOI
$78.7K $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%
$1,573,480
Cap Rate 7%
$1,123,914
Cap Rate 9%
$874,156
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$983.4K – $1.31M
NOI $78,674 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$1.06M
$924.7K – $1.23M
NOI $73,976 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,073 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,023
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated systems, flexible layouts, off-street parking, and access to transit and regional amenities.
Where is this triplex located?
The property is located at 7-9 Second St Medford, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 3,718‑square‑foot triplex on a 1912‑built property; Detached brand‑new ADU with 2 bedrooms and 1.5 baths; Main unit includes a bi‑level layout, finished lower level, additional bedroom, full bath, and media rooms
