Two-Unit Duplex with Central
For Sale
$994,820
88-90 Park St, Medford, MA 02155
Separate utilities and off-street parking for both residences support independent household use.
Property Size1,872 SF
Days on Market9
Property Features for 88-90 Park St
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
4
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$6,904
Building Details
Building Size
1,872 SF
Year Built
1982
Listing Agency:
REMAX Andrew Realty Services
Listed By:
John Veneziano
(617) 840-5499
Source:
Bostonluxurysuburbs
Added: Oct 14
Changed: Oct 20
Last Checked: Oct 21 at 5:36AM
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.
Built in 1982, this duplex contains two four-room residences, each arranged with a living room, kitchen, two bedrooms, and a full bath. Both units have central air, separate utilities, and off-street parking for two cars. The property occupies a corner lot in Medford.
I-93, the Wellington MBTA Station, Assembly Row, Medford Square, Haines Square, and the Mystic River are among the destinations identified nearby. The property is also offered as part of a package with the neighboring two-family at 84-86 Park Street.
I-93, the Wellington MBTA Station, Assembly Row, Medford Square, Haines Square, and the Mystic River are among the destinations identified nearby. The property is also offered as part of a package with the neighboring two-family at 84-86 Park Street.
Key Highlights
- Two residences, each with four rooms, two bedrooms, and a full bath
- Central air and separate utilities for each unit
- Off‑street parking for 2 cars per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,612
Cap Rate
3.98%
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 3.98%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.8K
NOI $37,246 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.11M
$969.7K – $1.29M
NOI $77,575 @ 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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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road 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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and off-street parking for both residences support independent household use.
Where is this duplex located?
The property is located at 88-90 Park St Medford, MA.
What is the asking price?
The asking price for this property is $994,820.
What are key features of this property?
This property features: Two residences, each with four rooms, two bedrooms, and a full bath; Central air and separate utilities for each unit; Off‑street parking for 2 cars per unit
