3-Unit Triplex with Garage
847-849 Fellsway Medford, MA 02155
847-849 Fellsway, Medford, MA, 02155
$1,500,000
Pending
For Sale
$1,500,000
Pending
Three-family property with in-unit laundry, generous living space, and garage parking on a corner lot.
Property Size4,000 SF
Days on Market90
Property Features for 847-849 Fellsway
General Information
- Standard status
- Pending
- Size
- 4,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1910
Listing agency
(978) 604-7055
Listed by
The David Green Group
(617) 875-8331
Source
Elliman
Added: Apr 24 Updated: Jul 20 at 7:45PM Checked: Jul 21 at 8:07AM
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 The David Green Group
Investment Insights
Based on property information with market context.
This three-unit triplex offers spacious layouts designed for comfortable day-to-day living. The property contains over 4,000 total square feet, with each unit featuring approximately 1,300+ square feet. Interiors include oversized kitchens, designated dining areas, large living rooms with high ceilings, and hardwood floors. Unit 1 is vacant and offers 2 bedrooms, 1 bath, and a dining room (noted as formerly a third bedroom). Units 2 and 3 each provide 3 bedrooms, 1 bath and are described as having month-to-month tenants. Laundry is available in each unit, and the property includes garage parking and a paved driveway.
The building is located at 847–849 Fellsway in Medford and sits on a corner lot. The area is described as close to major routes, public transit, shopping, and dining.
With a vacant first unit alongside two occupied units and on-site laundry and parking, the configuration may be well-suited for an owner seeking flexibility across the three homes.
The building is located at 847–849 Fellsway in Medford and sits on a corner lot. The area is described as close to major routes, public transit, shopping, and dining.
With a vacant first unit alongside two occupied units and on-site laundry and parking, the configuration may be well-suited for an owner seeking flexibility across the three homes.
Key Highlights
- Three‑family property built in 1910 with over 4,000 sq ft total living space
- Each unit features 1,300+ sq ft, oversized kitchens, designated dining areas, large living rooms, high ceilings, and hardwood floors
- Unit 1 is vacant with 2 beds, 1 bath, and a dining room (formerly a third bedroom)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.2k | $31.80 |
| − Vacancy | −$6.3k | −$1.57 |
| EGI | $120.9k | $30.23 |
| − OpEx | −$36.3k | −$9.07 |
| NOI | $84.6k | $21.16 |
4,000 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,641 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$1.14M
$994.8K – $1.33M
NOI $79,586 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family property with in-unit laundry, generous living space, and garage parking on a corner lot.
Where is this triplex located?
The property is located at 847-849 Fellsway Medford, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three‑family property built in 1910 with over 4,000 sq ft total living space; Each unit features 1,300+ sq ft, oversized kitchens, designated dining areas, large living rooms, high ceilings, and hardwood floors; Unit 1 is vacant with 2 beds, 1 bath, and a dining room (formerly a third bedroom)
