Renovated Two-Family
For Sale
$1,180,000
7 Smith St, Medford, MA 02155
Newly renovated two-family with updated kitchens and bathrooms, gas heat, and multiple off-street tandem parking spaces.
Property Size2,278 SF
Price / SF$517
Days on Market217
Property Features for 7 Smith St
General Information
Standard status
Active
Size
2,278 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Centre Realty Group
Listed By:
William L. Lefevre · License #9052559
(617) 332-0077
Source:
Gooddeedsrealtypartners
Added: Mar 18
Changed: Oct 14
Last Checked: Oct 19 at 10:27AM
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 Centre Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
7 Smith Street is a newly renovated two-family property offering turnkey income potential. Both units include refinished hardwood floors, designer tile flooring, sleek updated kitchens, and fully renovated bathrooms. The home is supported by gas heat and gas hot water.
Parking is a key advantage, with 3–4 off-street tandem spaces plus ample on-street permit parking. The property also provides easy access to Route 93 and is located about 0.5 miles from the Ball Square Green Line T stop.
The building’s updated interior finishes and utilities, along with its parking configuration, support a low-maintenance, ready-to-occupy setup for either an investor or an owner-occupant seeking rental income.
Parking is a key advantage, with 3–4 off-street tandem spaces plus ample on-street permit parking. The property also provides easy access to Route 93 and is located about 0.5 miles from the Ball Square Green Line T stop.
The building’s updated interior finishes and utilities, along with its parking configuration, support a low-maintenance, ready-to-occupy setup for either an investor or an owner-occupant seeking rental income.
Key Highlights
- Newly renovated 2‑family home with updated kitchens, fully renovated bathrooms, and refinish/updated flooring
- Gas heat and hot water to help improve operating efficiency
- Insulated windows and wood/marble/hardwood/stone/ceramic tile flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,203
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,060
$964.1K
Cap Rate 7%
$688,614
$688.6K
Cap Rate 9%
$535,589
$535.6K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$72.4K $31.80/SF
− Vacancy
−$3.6K −$1.57/SF
EGI
$68.9K $30.23/SF
− OpEx
−$20.7K −$9.07/SF
NOI
$48.2K $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%
$964,060
Cap Rate 7%
$688,614
Cap Rate 9%
$535,589
Alternative Uses
Best Use
Multifamily LT 5
$688.6K
$602.5K – $803.4K
NOI $48,203 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,400 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,382
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Newly renovated two-family with updated kitchens and bathrooms, gas heat, and multiple off-street tandem parking spaces.
Where is this duplex located?
The property is located at 7 Smith St Medford, MA.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Newly renovated 2‑family home with updated kitchens, fully renovated bathrooms, and refinish/updated flooring; Gas heat and hot water to help improve operating efficiency; Insulated windows and wood/marble/hardwood/stone/ceramic tile flooring throughout
