Duplex with Separate
For Sale
$1,289,000
88-90 Park Street, Medford, MA 02155
Two residential units offer central air, individual utilities, and dedicated off-street parking.
Property Size1,872 SF
Price / SF$688.57
Days on Market86
Property Features for 88-90 Park Street
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
4
Property subtype
Multi-family
Lease Term
[]
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Amenities
central air
Building Details
Year Built
1982
Buildings
1
Listing Agency:
REMAX Andrew Realty Services
Listed By:
John Veneziano
(617) 262-6200
Source:
Cabotandcompany
Added: Jul 12
Changed: Oct 4
Last Checked: Oct 4 at 10:11AM
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
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex at 88-90 Park Street contains two four-room residences, each arranged with a living room, kitchen, two bedrooms, and a full bathroom. The property was built in 1982 and includes central air, separate utilities, and two off-street parking spaces for each unit.
The Medford property offers access to I-93, major roadways, public transportation, and Wellington MBTA Station. Assembly Row, Medford and Haines Squares, the Mystic River, shopping, dining, and daily conveniences are also identified nearby. The neighboring two-family at 84-86 Park Street is available as part of a combined property package.
The Medford property offers access to I-93, major roadways, public transportation, and Wellington MBTA Station. Assembly Row, Medford and Haines Squares, the Mystic River, shopping, dining, and daily conveniences are also identified nearby. The neighboring two-family at 84-86 Park Street is available as part of a combined property package.
Key Highlights
- 1,872 SF duplex built in 1982
- Two four‑room units, each with 2 bedrooms and 1 full bath
- Separate utilities and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,612
Cap Rate
3.07%
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 3.07%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.8K
NOI $37,246 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.11M
$969.7K – $1.29M
NOI $77,575 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway 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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer central air, individual utilities, and dedicated off-street parking.
Where is this duplex located?
The property is located at 88-90 Park Street Medford, MA.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: 1,872 SF duplex built in 1982; Two four‑room units, each with 2 bedrooms and 1 full bath; Separate utilities and central air
