Renovated Two-Family
7 Smith Street Medford, MA 02155
7 Smith Street, Medford, MA, 02155
$1,300,000
For Sale
$1,300,000
Newly renovated two-family with updated kitchens and bathrooms, gas heat, and multiple off-street tandem parking spaces.
Property Size2,278 SF
Price / SF$570.68
Days on Market128
Property Features for 7 Smith Street
General Information
- Standard status
- Active
- Size
- 2,278 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Centre Realty Group
(617) 332-0077
Listed by
William L. Lefevre · License #9052559
(617) 332-0077
Source
Compass
Added: Mar 16 Updated: Jul 21 at 1:08AM Checked: Jul 21 at 6:51AM
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
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
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 | $72.4k | $31.80 |
| − Vacancy | −$3.6k | −$1.57 |
| EGI | $68.9k | $30.23 |
| − OpEx | −$20.7k | −$9.07 |
| NOI | $48.2k | $21.16 |
2,278 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$688.6K
$602.5K – $803.4K
NOI $48,203 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,400 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 Street Medford, MA.
What is the asking price?
The asking price for this property is $1,300,000.
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
