Renovated Two-Family
7 Smith Street Medford, MA 02155
7 Smith Street, Medford, MA, 02155
$1,180,000
For Sale
$1,180,000
Turnkey two-family home with renovated interiors, separate utility metering, and multiple off-street tandem parking spaces.
Property Size2,278 SF
Price / SF$517
Days on Market131
Property Features for 7 Smith Street
General Information
- Standard status
- Active
- Size
- 2,278 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Centre Realty Group
Listed by
William L. Lefevre
(781) 797-4028
Source
Thepropernest
Added: Mar 14 Updated: Jul 21 at 11:58PM Checked: Jul 22 at 8:01AM
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 Centre Realty Group
Investment Insights
Based on property information with market context.
This newly renovated two-family duplex features updated kitchens, fully renovated bathrooms, and refinished hardwood floors paired with designer tile flooring. Each unit benefits from separate metering for gas heat and hot water, allowing tenants to pay their own utilities.
The property includes parking in the form of 3–4 off-street tandem spaces, along with ample on-street permit parking. It offers easy access to Route 93 and is located about a half mile from the Ball Square Green Line T stop.
With a move-in ready condition and a low-maintenance setup, the duplex is designed for straightforward occupancy while supporting rental income through its separate utility metering.
The property includes parking in the form of 3–4 off-street tandem spaces, along with ample on-street permit parking. It offers easy access to Route 93 and is located about a half mile from the Ball Square Green Line T stop.
With a move-in ready condition and a low-maintenance setup, the duplex is designed for straightforward occupancy while supporting rental income through its separate utility metering.
Key Highlights
- Newly renovated two‑family home (built 1910) with fully renovated bathrooms and updated finishes in both units
- Refinished hardwood floors plus designer tile flooring throughout the two units
- Sleek updated kitchens in both units
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 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-family home with renovated interiors, separate utility metering, 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 $1,180,000.
What are key features of this property?
This property features: Newly renovated two‑family home (built 1910) with fully renovated bathrooms and updated finishes in both units; Refinished hardwood floors plus designer tile flooring throughout the two units; Sleek updated kitchens in both units
