Duplex with Walkout
75 Bowen Avenue, Medford, MA 02155
For Sale
$988,888
Two-family residence with separate entrances, porches, expanded upper-level space, and a granite kitchen.
Property Size1,968 SF
Price / SF$502.48
Days on Market69
Property Features for 75 Bowen Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Realty ONE Group Cosmopolitan
Listed By:
Catallo Team
(339) 221-5412
Source:
Cambridgerealty
Added: Sep 7
Changed: Nov 12
Last Checked: Nov 10 at 7:35AM
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 Realty ONE Group Cosmopolitan
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Investment Insights
Based on property information with market context.
This 1,968-square-foot duplex, built in 1910, offers two-family functionality with separate entrances and a range of preserved and updated features. Interior details include hardwood floors, colonial-style moldings, generous closet storage, and a modern granite kitchen. Front and rear porches add outdoor space, while the expanded third floor provides additional usable area. The walk-out basement has a high ceiling, and the electrical system has been updated.
A double-width driveway accommodates 10 cars. The property is near Mystic River Recreation, the Green Line, Tufts University, the Bike Path, shopping, and everyday conveniences, with access to Routes 93 and 16. Zoning is GR.
A double-width driveway accommodates 10 cars. The property is near Mystic River Recreation, the Green Line, Tufts University, the Bike Path, shopping, and everyday conveniences, with access to Routes 93 and 16. Zoning is GR.
Key Highlights
- Two‑family duplex with separate entrances
- 1,968 square feet; built in 1910
- Expanded third floor and high‑ceiling walk‑out basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,644
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,880
$832.9K
Cap Rate 7%
$594,914
$594.9K
Cap Rate 9%
$462,711
$462.7K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$62.6K $31.80/SF
− Vacancy
−$3.1K −$1.57/SF
EGI
$59.5K $30.23/SF
− OpEx
−$17.8K −$9.07/SF
NOI
$41.6K $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%
$832,880
Cap Rate 7%
$594,914
Cap Rate 9%
$462,711
Alternative Uses
Best Use
Multifamily LT 5
$594.9K
$520.6K – $694.1K
NOI $41,644 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$559.4K
$489.5K – $652.6K
NOI $39,157 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,553 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,188
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
$715,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Medford, MA
Properties on Market for Duplexes in Medford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate entrances, porches, expanded upper-level space, and a granite kitchen.
Where is this duplex located?
The property is located at 75 Bowen Avenue Medford, MA.
What is the asking price?
The asking price for this property is $988,888.
What are key features of this property?
This property features: Two‑family duplex with separate entrances; 1,968 square feet; built in 1910; Expanded third floor and high‑ceiling walk‑out basement
