Two-Unit Residential Income
75 Warren Street Medford, MA 02155
75 Warren Street, Medford, MA, 02155
$1,300,000
For Sale
$1,300,000
Two-unit multifamily home with a large fenced yard, patio, and two-car garage driveway.
Property Size2,943 SF
Price / SF$441.73
Days on Market135
Property Features for 75 Warren Street
General Information
- Standard status
- Active
- Size
- 2,943 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Compass
(978) 983-1580
Listed by
Michael Jewer · License #9558539
(978) 983-1580
Source
Compass
Added: Mar 10 Updated: Jul 22 at 9:17AM Checked: Jul 22 at 9:17AM
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 Compass
Investment Insights
Based on property information with market context.
This two-unit multi-family property offers a practical residential income setup on an expansive, flat, fenced-in yard with a patio and individual porches. The home includes a garage and a two-car driveway, and each unit features a large eat-in kitchen with washer/dryer hookups.
Unit 1 is configured as a 2-bedroom, 1-bath layout. Unit 2 spans two floors and includes 4+ bedrooms, 1 bath, and an office/flex space. The landlord portion is described as plumbed with a capped gas connection and includes a 3/4 bath, with the possibility of a wet bar or kitchen setup, along with plenty of storage.
The property has been owned by the same owner since 1971 and is presented with an opportunity to repaint and move in, or renovate and pursue expansion ideas, including potential expansion/ADU options with city approvals. The West Medford area is noted as being close to amenities and major routes, and near the W. Medford Commercial Rail and Playstead Park.
Unit 1 is configured as a 2-bedroom, 1-bath layout. Unit 2 spans two floors and includes 4+ bedrooms, 1 bath, and an office/flex space. The landlord portion is described as plumbed with a capped gas connection and includes a 3/4 bath, with the possibility of a wet bar or kitchen setup, along with plenty of storage.
The property has been owned by the same owner since 1971 and is presented with an opportunity to repaint and move in, or renovate and pursue expansion ideas, including potential expansion/ADU options with city approvals. The West Medford area is noted as being close to amenities and major routes, and near the W. Medford Commercial Rail and Playstead Park.
Key Highlights
- Two‑unit multifamily home on expansive lot with a flat, fenced‑in yard plus patio and porch
- Garage with 2‑car driveway parking
- Unit 1: 2 bed / 1 bath with eat‑in kitchen and washer/dryer hookups
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 | $93.6k | $31.80 |
| − Vacancy | −$4.6k | −$1.57 |
| EGI | $89.0k | $30.23 |
| − OpEx | −$26.7k | −$9.07 |
| NOI | $62.3k | $21.16 |
2,943 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$889.6K
$778.4K – $1.04M
NOI $62,275 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$836.5K
$732.0K – $975.9K
NOI $58,556 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,957 @ 7.0% cap · market cap 9.38%
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 - Two-unit multifamily home with a large fenced yard, patio, and two-car garage driveway.
Where is this duplex located?
The property is located at 75 Warren 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: Two‑unit multifamily home on expansive lot with a flat, fenced‑in yard plus patio and porch; Garage with 2‑car driveway parking; Unit 1: 2 bed / 1 bath with eat‑in kitchen and washer/dryer hookups
