Duplex with Walkout
For Sale
$988,888
75 Bowen Avenue, Medford, MA 02155
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 Market20
Property Features for 75 Bowen Avenue
General Information
Standard status
Active
Size
1,968 SF
Total Parking Spaces
10
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Realty ONE Group Cosmopolitan
Listed By:
Catallo Team
(339) 221-5412
Source:
Hammondre
Added: Sep 8
Changed: Sep 26
Last Checked: Sep 26 at 8:26AM
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
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 = 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
$41,644
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
4.21%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
