Two-Family Duplex with Central
New
For Sale
$994,820
84-86 Park St, Medford, MA 02155
Both homes have separate utilities, and each includes two off-street parking spaces.
Property Size1,872 SF
Days on Market5
Property Features for 84-86 Park St
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
4
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,068
Amenities
central air
Building Details
Building Size
1,872 SF
Year Built
1984
Buildings
1
Listing Agency:
REMAX Andrew Realty Services
Listed By:
John Veneziano
(781) 395-7676
Source:
Donnellyandco
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:28PM
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 REMAX Andrew Realty Services
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Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains two four-room residences, each arranged with a living room, kitchen, two bedrooms, and a full bath. The first-floor residence has been remodeled. Separate utilities serve each unit, and central air is provided. Each home has two off-street parking spaces, with a level yard behind the building.
The Medford property offers access to I-93, public transportation, the MBTA Station, and nearby commercial and civic destinations including Medford Square, Wellington Circle, and Assembly Row.
The Medford property offers access to I-93, public transportation, the MBTA Station, and nearby commercial and civic destinations including Medford Square, Wellington Circle, and Assembly Row.
Key Highlights
- Two four‑room units, each with a living room, kitchen, two bedrooms, and a full bath
- Recently remodeled first‑floor residence
- Two off‑street parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,612
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,240
$792.2K
Cap Rate 7%
$565,886
$565.9K
Cap Rate 9%
$440,133
$440.1K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$59.5K $31.80/SF
− Vacancy
−$2.9K −$1.57/SF
EGI
$56.6K $30.23/SF
− OpEx
−$17.0K −$9.07/SF
NOI
$39.6K $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 Rate 5%
$792,240
Cap Rate 7%
$565,886
Cap Rate 9%
$440,133
Alternative Uses
Best Use
Multifamily LT 5
$565.9K
$495.2K – $660.2K
NOI $39,612 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.8K
NOI $37,246 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.11M
$969.7K – $1.29M
NOI $77,575 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,847
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes have separate utilities, and each includes two off-street parking spaces.
Where is this duplex located?
The property is located at 84-86 Park St Medford, MA.
What is the asking price?
The asking price for this property is $994,820.
What are key features of this property?
This property features: Two four‑room units, each with a living room, kitchen, two bedrooms, and a full bath; Recently remodeled first‑floor residence; Two off‑street parking spaces per unit
