Four-Unit Multifamily
New
For Sale
$1,989,640
84-90 Park Street, Medford, MA 02155
Residential Income, Medford, MA
Property Size3,744 SF
Lot Size0.24 Acres
Price / SF$531.42
Days on Market3
Property Features for 84-90 Park Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Fam
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1
Parking
8
Directions
Franklin St. or Washington St. to Park Street. (Please use GPS.)
Standard status
Active
Size
3,744 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13972
Amenities
central air
Building Details
Year built
1982
Floors in Building
4
Number of units
4
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Added: Oct 14
Last Checked: Oct 16 at 1:06PM
MLS# 73590723
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Medford multifamily offering combines two adjacent two-family properties on contiguous lots. The four apartments each have four rooms, with a living room, kitchen, two bedrooms, and a full bathroom. One first-floor apartment has been remodeled. The 3,744-square-foot property was built in 1982 and occupies 0.2409 acres; one of the buildings sits on a corner lot. Separate utilities, central air, yard space, and approximately two off-street parking spaces per unit round out the physical features.
The properties are at 84-90 Park Street in Medford, with access to I-93, major roadways, and public transportation. Wellington MBTA Station, Assembly Row, Medford and Haines Squares, the Mystic River, shopping, and dining are among the nearby destinations.
The properties are at 84-90 Park Street in Medford, with access to I-93, major roadways, and public transportation. Wellington MBTA Station, Assembly Row, Medford and Haines Squares, the Mystic River, shopping, and dining are among the nearby destinations.
Key Highlights
- Four apartments, each with a living room, kitchen, two bedrooms, and full bath
- Two adjacent two‑family properties on contiguous lots
- 3,744 square feet on 0.2409 acres
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
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
Check the figures for this property
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?
Multifamily property - Four two-bedroom apartments include separate utilities, central air, and off-street parking.
Where is this multifamily property 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 apartments, each with a living room, kitchen, two bedrooms, and full bath; Two adjacent two‑family properties on contiguous lots; 3,744 square feet on 0.2409 acres
