Two-Unit Duplex with Walk-Up
New
For Sale
$1,239,000
86 Wright Ave, Medford, MA 02155
Separate two- and three-bedroom residences are complemented by a full basement with laundry and storage.
Property Size3,300 SF
Price / SF$375.45
Days on Market7
Property Features for 86 Wright Ave
General Information
Standard status
Active
Size
3,300 SF
Property subtype
2 Family - 2 Units Up/Down
Building Details
Building Size
3,300 SF
Year Built
1910
Listing Agency:
Berkshire Hathaway HomeServices Robert Paul Properties
(617) 262-1414
Listed By:
Lisa Sheehan · License #449001172
(978) 821-4023
Source:
Iverty
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 11:02AM
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 Berkshire Hathaway HomeServices Robert Paul Properties
Investment Insights
Based on property information with market context.
Built in 1910, this GR-zoned duplex contains 3,300 square feet on a lot exceeding 6,000 square feet. The lower residence has two bedrooms, one bath, and a three-season room adjoining the kitchen. The upper home occupies two levels and includes three bedrooms and one bath. Interior details include high ceilings and hardwood floors; updates include replacement windows, refreshed paint, and wall-mounted air conditioning. A full walk-up basement provides two washer-and-dryer sets and storage space. The backyard is partially fenced and includes garden containers, open green space, and a storage shed, with off-street parking also available.
The property is near Main Street, I-93, Route 16, and MBTA bus service. Davis Square, Tufts University, and Boston are cited as accessible destinations.
The property is near Main Street, I-93, Route 16, and MBTA bus service. Davis Square, Tufts University, and Boston are cited as accessible destinations.
Key Highlights
- Two residences: one with 2 bedrooms and 1 bath, the other with 3 bedrooms and 1 bath
- 3,300 square feet on a 6,000+ square foot lot
- Full walk‑up basement with two sets of washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,829
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,580
$1.4M
Cap Rate 7%
$997,557
$997.6K
Cap Rate 9%
$775,878
$775.9K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$104.9K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$99.8K $30.23/SF
− OpEx
−$29.9K −$9.07/SF
NOI
$69.8K $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%
$1,396,580
Cap Rate 7%
$997,557
Cap Rate 9%
$775,878
Alternative Uses
Best Use
Multifamily LT 5
$997.6K
$872.9K – $1.16M
NOI $69,829 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$938.0K
$820.7K – $1.09M
NOI $65,659 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,751 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,088
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate two- and three-bedroom residences are complemented by a full basement with laundry and storage.
Where is this duplex located?
The property is located at 86 Wright Ave Medford, MA.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 1 bath, the other with 3 bedrooms and 1 bath; 3,300 square feet on a 6,000+ square foot lot; Full walk‑up basement with two sets of washers and dryers
