Two-Family Corner
89 Boston Avenue Medford, MA 02155
For Sale
$1,200,000
Pending
Large two-family residence on a corner lot with detached 2-car garage and driveway parking for up to four vehicles.
Property Size3,601 SF
Days on Market87
Property Features for 89 Boston Avenue
General Information
- Standard status
- Pending
- Size
- 3,601 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1912
Listing Agency:
Century 21 McLennan & Company
(978) 683-8008
Listed By:
Gabrielle Allen · License #9539287
(978) 683-8008
Source:
Compass
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 23 at 4:38AM
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 Century 21 McLennan & Company
Investment Insights
Based on property information with market context.
This large two-family corner home offers a flexible layout across two units. The first-floor unit features three bedrooms and one bath. The upper unit spans two levels and includes two bedrooms on the main level, an enclosed porch, and a finished third level with two additional bedrooms.
The property includes a two-car detached garage and driveway parking for up to four vehicles. Updates include a roof approximately six years old, two newer hot water heaters and oil tanks, and a furnace replaced approximately five years ago. The home is being sold as-is.
Located near I-93, Mystic River walking trails, parks, shopping, dining, public transportation, and the West Medford commuter rail, the property provides convenient access to Boston and surrounding areas.
The property includes a two-car detached garage and driveway parking for up to four vehicles. Updates include a roof approximately six years old, two newer hot water heaters and oil tanks, and a furnace replaced approximately five years ago. The home is being sold as-is.
Located near I-93, Mystic River walking trails, parks, shopping, dining, public transportation, and the West Medford commuter rail, the property provides convenient access to Boston and surrounding areas.
Key Highlights
- Large 2‑family home built in 1912 on a corner lot
- First‑floor unit has 3 bedrooms and 1 bath
- Upper unit is spread across two levels with 2 main‑level bedrooms plus a finished third level with 2 additional bedrooms
Financial Insights For Apartment 5plus
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 | $137.4k | $38.16 |
| − Vacancy | −$7.1k | −$1.98 |
| EGI | $130.3k | $36.18 |
| − OpEx | −$58.6k | −$16.28 |
| NOI | $71.6k | $19.90 |
3,601 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$895.6K – $1.19M
NOI $71,648 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,225 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Large two-family residence on a corner lot with detached 2-car garage and driveway parking for up to four vehicles.
Where is this multifamily property located?
The property is located at 89 Boston Avenue Medford, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Large 2‑family home built in 1912 on a corner lot; First‑floor unit has 3 bedrooms and 1 bath; Upper unit is spread across two levels with 2 main‑level bedrooms plus a finished third level with 2 additional bedrooms
