Duplex with Central
For Sale
$1,289,000
84-86 Park Street, Medford, MA 02155
Two separate units offer private utilities, off-street parking, and access to a level rear yard.
Property Size1,872 SF
Price / SF$688.57
Days on Market72
Property Features for 84-86 Park Street
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-family
Building Details
Year Built
1984
Listing Agency:
REMAX Andrew Realty Services
Listed By:
John Veneziano
(617) 750-6378
Source:
Benoitrealestate
Added: Jul 26
Changed: Oct 3
Last Checked: Oct 4 at 10:07AM
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
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex, built in 1984, contains two four-room units, each arranged with a living room, kitchen, two bedrooms, and a full bathroom. The first-floor residence has been recently remodeled. Separate utilities and central air serve the property, while each unit includes two off-street parking spaces. A level rear yard provides additional outdoor space.
The property is located in Medford near I-93, major routes, public transportation, Haines and Medford Squares, the Mystic River, Wellington Circle, the MBTA Station, Assembly Row, shops, dining, and everyday services. An adjacent two-family property at 88-90 Park Street is also available as part of a two-property package.
The property is located in Medford near I-93, major routes, public transportation, Haines and Medford Squares, the Mystic River, Wellington Circle, the MBTA Station, Assembly Row, shops, dining, and everyday services. An adjacent two-family property at 88-90 Park Street is also available as part of a two-property package.
Key Highlights
- 1,872‑square‑foot duplex built in 1984
- Two four‑room units, each with 2 bedrooms and 1 full bathroom
- Recently remodeled first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,612
Cap Rate
3.07%
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 3.07%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.8K
NOI $37,246 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.11M
$969.7K – $1.29M
NOI $77,575 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer private utilities, off-street parking, and access to a level rear yard.
Where is this duplex located?
The property is located at 84-86 Park Street Medford, MA.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: 1,872‑square‑foot duplex built in 1984; Two four‑room units, each with 2 bedrooms and 1 full bathroom; Recently remodeled first‑floor unit
