Two-Family Home with Walk-Up
For Sale
$1,150,000
7 Yale St, Medford, MA 02155
Well-maintained two-unit property offering updated kitchens, porches, and a walk-up attic for storage or future expansion.
Property Size2,412 SF
Days on Market59
Property Features for 7 Yale St
General Information
Standard status
Active
Size
2,412 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,452
Building Details
Building Size
2,412 SF
Year Built
1918
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
REMAX Andrew Realty Services
(781) 956-6862
Listed By:
McTague Realty Group
(781) 956-6862
Source:
Elliman
Added: Jun 23
Changed: Aug 17
Last Checked: Aug 19 at 9:05AM
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
This beautifully maintained two-family home provides two separate residences, each featuring five well-appointed rooms with two bedrooms. Both units include an updated kitchen with a pantry and front and back porches for outdoor enjoyment. The second-floor unit also offers an additional space suited for a home office. The upper unit is sun-filled with an open, spacious layout and direct access to a huge walk-up attic, creating substantial storage and room to consider future expansion. Additional storage is available in the basement, and the exterior has been recently painted.
Located in Medford, the home is just steps from Tufts University and minutes to Davis & Ball Square, with convenient access to the new Green Line train. Nearby amenities include shops, restaurants, parks, and public transportation, supporting an easy, walkable lifestyle.
The flexible layout makes this property well suited for owner-occupants seeking rental income, investors looking for a maintained two-unit asset, or multigenerational households that want separate living areas with shared proximity and outdoor space. Ample off-street parking adds day-to-day convenience for residents.
Located in Medford, the home is just steps from Tufts University and minutes to Davis & Ball Square, with convenient access to the new Green Line train. Nearby amenities include shops, restaurants, parks, and public transportation, supporting an easy, walkable lifestyle.
The flexible layout makes this property well suited for owner-occupants seeking rental income, investors looking for a maintained two-unit asset, or multigenerational households that want separate living areas with shared proximity and outdoor space. Ample off-street parking adds day-to-day convenience for residents.
Key Highlights
- Two‑family home built in 1918, well maintained in Medford
- Each unit offers 5 rooms with 2 bedrooms, an updated kitchen with pantry, and front & back porches
- 2nd‑floor unit includes an additional space suited for a home office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,039
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,020,780
$1.0M
Cap Rate 7%
$729,129
$729.1K
Cap Rate 9%
$567,100
$567.1K
Market Conditions
NOI Build-Up for 2,412 SF
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.
Gross rent
$76.7K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$72.9K $30.23/SF
− OpEx
−$21.9K −$9.07/SF
NOI
$51.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,020,780
Cap Rate 7%
$729,129
Cap Rate 9%
$567,100
Alternative Uses
Best Use
Multifamily LT 5
$729.1K
$638.0K – $850.7K
NOI $51,039 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$685.6K
$599.9K – $799.9K
NOI $47,991 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,953 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,303
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property offering updated kitchens, porches, and a walk-up attic for storage or future expansion.
Where is this duplex located?
The property is located at 7 Yale St Medford, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑family home built in 1918, well maintained in Medford; Each unit offers 5 rooms with 2 bedrooms, an updated kitchen with pantry, and front & back porches; 2nd‑floor unit includes an additional space suited for a home office
