Two-Family Duplex with
8 Burget Ave, Medford, MA 02155
For Sale
$1,050,000
A fenced outdoor area, deck, storage shed, and three-car driveway complement the property's two-unit layout.
Property Size2,379 SF
Price / SF$441.36
Days on Market32
Property Features for 8 Burget Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Amenities
fenced private yard
wooden deck/patio
large storage shed
Building Details
Building Size
Year Built
Listing Agency:
C. Brendan Noonan & Co.
(617) 868-3200
Listed By:
Gina Brennan
(617) 957-1738
Source:
Iverty
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 7 at 12:42PM
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 C. Brendan Noonan & Co.
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex contains 11 rooms, five bedrooms, and two full bathrooms across 2,379 square feet. An open attic with high ceilings offers potential for future third-floor expansion. Outdoor features include a fenced yard, a wooden deck, and a storage shed, with driveway parking for three cars.
The property is near Tufts University and Medford Square, where restaurants, shops, and Chevalier Theatre are located. Access to the MBTA Green Line at Tufts Station on Boston Avenue, Route 93, and Boston is noted.
The property is near Tufts University and Medford Square, where restaurants, shops, and Chevalier Theatre are located. Access to the MBTA Green Line at Tufts Station on Boston Avenue, Route 93, and Boston is noted.
Key Highlights
- Two‑family property with 11 rooms, 5 bedrooms, and 2 full baths
- 2,379 square feet; built in 1925
- Open attic with high vaulted ceilings and potential for future third‑floor expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,340
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,800
$1.0M
Cap Rate 7%
$719,143
$719.1K
Cap Rate 9%
$559,333
$559.3K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$75.7K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$71.9K $30.23/SF
− OpEx
−$21.6K −$9.07/SF
NOI
$50.3K $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%
$1,006,800
Cap Rate 7%
$719,143
Cap Rate 9%
$559,333
Alternative Uses
Best Use
Multifamily LT 5
$719.1K
$629.3K – $839.0K
NOI $50,340 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$676.2K
$591.7K – $788.9K
NOI $47,334 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,585 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,035
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
$715,500
Median Home Value
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Market
Average Price Trend$/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 - A fenced outdoor area, deck, storage shed, and three-car driveway complement the property's two-unit layout.
Where is this duplex located?
The property is located at 8 Burget Ave Medford, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑family property with 11 rooms, 5 bedrooms, and 2 full baths; 2,379 square feet; built in 1925; Open attic with high vaulted ceilings and potential for future third‑floor expansion
