Duplex with In-Ground
New
For Sale
$1,329,000
76-78 Surrey St, Medford, MA 02155
Both units include kitchen islands, in-unit laundry, and central air conditioning.
Property Size2,501 SF
Days on Market2
Property Features for 76-78 Surrey St
General Information
Standard status
Active
Size
2,501 SF
Total Parking Spaces
3
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,324
Amenities
in-unit laundry
central air conditioning
fenced backyard
in-ground swimming pool
patio area
storage shed with electricity
Building Details
Building Size
2,501 SF
Year Built
1920
Listing Agency:
360 Realty LLC
Listed By:
Rajit Shrestha
(781) 851-4004
Source:
Classifiedrealtygroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:02AM
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 360 Realty LLC
Investment Insights
Based on property information with market context.
Built in 1920, this Medford duplex contains two units with open-concept layouts, granite countertops, kitchen islands, and ample cabinet storage. Each unit has in-unit laundry and central air conditioning, with hydronic baseboard heat supplied by Burnham gas furnaces. Updated electrical panels, vinyl siding, and replacement windows are also part of the property.
The fenced backyard includes an in-ground pool with a freshly painted surface, a patio, and an electrically powered storage shed. Three off-street parking spaces are provided. Bus service, parks, shopping, restaurants, and major highways are nearby; the train station is less than 1.5 miles away.
The fenced backyard includes an in-ground pool with a freshly painted surface, a patio, and an electrically powered storage shed. Three off-street parking spaces are provided. Bus service, parks, shopping, restaurants, and major highways are nearby; the train station is less than 1.5 miles away.
Key Highlights
- Two‑family duplex with two units; built in 1920
- Both units have granite countertops, kitchen islands, in‑unit laundry, and central air conditioning
- Burnham gas furnaces supply hydronic baseboard heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,922
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,440
$1.1M
Cap Rate 7%
$756,029
$756.0K
Cap Rate 9%
$588,022
$588.0K
Market Conditions
NOI Build-Up for 2,501 SF
Gross rent
$79.5K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$75.6K $30.23/SF
− OpEx
−$22.7K −$9.07/SF
NOI
$52.9K $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%
$1,058,440
Cap Rate 7%
$756,029
Cap Rate 9%
$588,022
Alternative Uses
Best Use
Multifamily LT 5
$756.0K
$661.5K – $882.0K
NOI $52,922 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$710.9K
$622.0K – $829.4K
NOI $49,761 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,641 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,130
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both units include kitchen islands, in-unit laundry, and central air conditioning.
Where is this duplex located?
The property is located at 76-78 Surrey St Medford, MA.
What is the asking price?
The asking price for this property is $1,329,000.
What are key features of this property?
This property features: Two‑family duplex with two units; built in 1920; Both units have granite countertops, kitchen islands, in‑unit laundry, and central air conditioning; Burnham gas furnaces supply hydronic baseboard heat
