Two-Unit Multifamily
9-9a Second Street, Medford, MA 02155
For Sale
$1,199,000
The offering pairs a three-bedroom residence with a separate two-bedroom accessory dwelling unit.
Property Size2,264 SF
Price / SF$529.59
Days on Market118
Property Features for 9-9a Second Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Jacqui Webb
(781) 389-4579
Source:
Merryfoxrealty
Added: Jul 20
Changed: Nov 12
Last Checked: Nov 12 at 8:27AM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 2,264-square-foot multifamily property comprises two residences. Unit 9 has three bedrooms and two full bathrooms, while detached Unit 9A is an accessory dwelling unit with two bedrooms and two bathrooms. The property was built in 1912 and includes off-street parking.
Located at 9-9a Second Street in Medford, the property is described as close to public transportation, major highways, shopping, and dining. Wellington Station, Assembly Row, Tufts University, Route 93, and downtown Boston are also identified as nearby destinations.
Located at 9-9a Second Street in Medford, the property is described as close to public transportation, major highways, shopping, and dining. Wellington Station, Assembly Row, Tufts University, Route 93, and downtown Boston are also identified as nearby destinations.
Key Highlights
- Two residences totaling 2,264 square feet
- Unit 9 offers 3 bedrooms and 2 full bathrooms
- Detached Unit 9A ADU has 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,046
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,920
$900.9K
Cap Rate 7%
$643,514
$643.5K
Cap Rate 9%
$500,511
$500.5K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$86.4K $38.16/SF
− Vacancy
−$4.5K −$1.98/SF
EGI
$81.9K $36.18/SF
− OpEx
−$36.9K −$16.28/SF
NOI
$45.0K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,920
Cap Rate 7%
$643,514
Cap Rate 9%
$500,511
Alternative Uses
Best Use
Apartment 5plus
$643.5K
$563.1K – $750.8K
NOI $45,046 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,820 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,023
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
$715,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Medford, MA
Properties on Market for Multifamily properties in Medford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The offering pairs a three-bedroom residence with a separate two-bedroom accessory dwelling unit.
Where is this multifamily property located?
The property is located at 9-9a Second Street Medford, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two residences totaling 2,264 square feet; Unit 9 offers 3 bedrooms and 2 full bathrooms; Detached Unit 9A ADU has 2 bedrooms and 2 bathrooms
