Building Details

Year Built 1900

Listing Agency: Maria Fabiano Realty

Listed By: Maria Fabiano · License #448510790 Show Phone

Source: Burkelordrealestate

Added: Jun 18 Changed: Oct 17 Last Checked: Oct 12 at 8:10PM

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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 Maria Fabiano Realty

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Investment Insights

Based on property information with market context.

Built in 1900, this 2,788-square-foot duplex is configured as two residential units on a corner lot. The first unit includes five rooms and one bedroom. The second offers four bedrooms along with a living room, dining room, kitchen, and pantry. A full basement with approximately 7-foot ceilings and a detached garage add usable supporting space. The property requires a complete transformation, providing an existing structure for renovation planning.

The setting places the property near Tufts University, the Green Line Extension, Whole Foods, local shops, and restaurants. Its Medford location combines access to established neighborhood amenities with a two-unit residential layout.

Key Highlights

• 2,788‑square‑foot duplex on a corner lot
• Unit 1 includes five rooms and 1 bedroom
• Unit 2 features 4 bedrooms, living room, dining room, kitchen, and pantry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,995

Cap Rate

5.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,179,900 $1.2M

Cap Rate 7%

$842,786 $842.8K

Cap Rate 9%

$655,500 $655.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,788 SF

Gross rent

$88.7K $31.80/SF

− Vacancy

−$4.4K −$1.57/SF

EGI

$84.3K $30.23/SF

− OpEx

−$25.3K −$9.07/SF

NOI

$59.0K $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 Rate 5%

$1,179,900

Cap Rate 7%

$842,786

Cap Rate 9%

$655,500

Alternative Uses

Best Use

Multifamily LT 5

$842.8K

$737.4K – $983.3K (±1% cap)

NOI $58,995 @ 7.0% cap · market cap 5.47%

Second Best

Apartment 5plus

$792.5K

$693.4K – $924.5K (±1% cap)

NOI $55,472 @ 7.0% cap · market cap 5.15%

Theoretical Best

Office A

$1.65M

$1.44M – $1.93M (±1% cap)

NOI $115,534 @ 7.0% cap · market cap 10.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Restaurant Parking Lot & Garage Grocery & Convenience Store Food Market Law Firm Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

996

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family property with a detached garage and basement, positioned near Tufts University and neighborhood retail and dining.

Where is this duplex located?

The property is located at 78 Marshall Street Medford, MA.

What is the asking price?

The asking price for this property is $1,078,000.

What are key features of this property?

This property features: 2,788‑square‑foot duplex on a corner lot; Unit 1 includes five rooms and 1 bedroom; Unit 2 features 4 bedrooms, living room, dining room, kitchen, and pantry