Four-Unit Duplex
New
For Sale
$1,989,640
84-90 Park Street, Medford, MA 02155
Four apartments include separate utilities, central air, and off-street parking.
Property Size3,744 SF
Price / SF$531.42
Days on Market7
Property Features for 84-90 Park Street
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
2
Amenities
central air
yard space
Building Details
Year Built
1982
Buildings
2
Listing Agency:
REMAX Andrew Realty Services
Listed By:
John Veneziano
(781) 395-7676
Source:
Wilsonwolfe
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 8:33AM
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.
Two adjoining two-family properties are being offered together as a four-unit package at 84-90 Park Street in Medford. Built in 1982 by the current owner, the buildings contain 3,744 square feet. One occupies a corner lot, and one first-floor apartment has been remodeled.
Each apartment has four rooms, with a living room, kitchen, two bedrooms, and a full bathroom. The properties have separate utilities, central air, yard space, and approximately two off-street parking spaces per unit.
The properties are near I-93, public transportation, Wellington MBTA Station, Assembly Row, Medford and Haines Squares, the Mystic River, shopping, and dining. They may also be purchased separately as two-family properties.
Each apartment has four rooms, with a living room, kitchen, two bedrooms, and a full bathroom. The properties have separate utilities, central air, yard space, and approximately two off-street parking spaces per unit.
The properties are near I-93, public transportation, Wellington MBTA Station, Assembly Row, Medford and Haines Squares, the Mystic River, shopping, and dining. They may also be purchased separately as two-family properties.
Key Highlights
- Four units across two adjoining two‑family properties
- 3,744 square feet; built in 1982 by the current owner
- Each apartment has four rooms, two bedrooms, and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,224
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,480
$1.6M
Cap Rate 7%
$1,131,771
$1.1M
Cap Rate 9%
$880,267
$880.3K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$119.1K $31.80/SF
− Vacancy
−$5.9K −$1.57/SF
EGI
$113.2K $30.23/SF
− OpEx
−$34.0K −$9.07/SF
NOI
$79.2K $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%
$1,584,480
Cap Rate 7%
$1,131,771
Cap Rate 9%
$880,267
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$990.3K – $1.32M
NOI $79,224 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$1.06M
$931.2K – $1.24M
NOI $74,493 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,150 @ 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
4
Residential units
Yes
Highway access
Yes
Utilities to site
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 - Four apartments include separate utilities, central air, and off-street parking.
Where is this duplex located?
The property is located at 84-90 Park Street Medford, MA.
What is the asking price?
The asking price for this property is $1,989,640.
What are key features of this property?
This property features: Four units across two adjoining two‑family properties; 3,744 square feet; built in 1982 by the current owner; Each apartment has four rooms, two bedrooms, and a full bath
