Two-Unit Duplex with Central
New
For Sale
$994,820
88-90 Park St, Medford, MA 02155
Residential Income, Medford, MA
Property Size1,872 SF
Lot Size0.12 Acres
Price / SF$531.42
Days on Market2
Property Features for 88-90 Park St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SF2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1
Parking
4
Directions
Corner of Park Street & Franklin Street. (Please use GPS.)
Standard status
Active
APN
M:M11 B:0078 L:0000
Size
1,872 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6904
Amenities
central air
Building Details
Year built
1982
Floors in Building
2
Number of units
2
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 15 at 5:06AM
MLS# 73590720
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.
Investment Insights
Based on property information with market context.
Built in 1982 on a 0.1209-acre corner parcel, this duplex contains 1,872 square feet across two four-room residences. Each unit includes a living room, kitchen, two bedrooms, and a full bathroom. Central air and separate utilities serve the units, with two off-street parking spaces provided for each residence.
The property is at 88-90 Park St in Medford, with access to I-93, public transportation, and Wellington MBTA Station. Assembly Row, Medford and Haines Squares, the Mystic River, shopping, and dining are also identified among the nearby destinations. The site is zoned SF2.
The property is at 88-90 Park St in Medford, with access to I-93, public transportation, and Wellington MBTA Station. Assembly Row, Medford and Haines Squares, the Mystic River, shopping, and dining are also identified among the nearby destinations. The site is zoned SF2.
Key Highlights
- Two residences, each with four rooms, two bedrooms, and one full bathroom
- 1,872 square feet on a 0.1209‑acre parcel
- Built in 1982
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities and two off-street parking spaces.
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 one full bathroom; 1,872 square feet on a 0.1209‑acre parcel; Built in 1982
