facebook

traded

+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

2 Fourth Street

Coldwell Banker Represents Buyer & Compass Represents Seller In $1.29M Medford Multifamily Sale
SOLDMultiFamily

Coldwell Banker Represents Buyer & Compass Represents Seller In $1.29M Medford Multifamily Sale

2 Fourth Street

$1,290,000

$366/SF

Building Size

3,523 SF

Asset Type

MultiFamily

Closing

Apr 30, 2024

AI

A two-family home at 2 Fourth Street, Medford, sold for $1.29 million. The property offers nine beds, four baths, and spans 3,523 square feet. Situated on a corner lot, it includes parking for six cars.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,290,000
  • Units: 2
  • Price per Unit: $645,000
  • Square Footage: 3,523
  • Price per Square Foot: $366
  • Address: 2 Fourth Street, Medford, MA
  • Market: Medford, MA

Evelyn Dongo from Coldwell Banker represented the buyer in the transaction, while Haley McKinnon, Jenna Taylor, and Matthew Foley from Compass represented the seller.

Players

Evelyn Dongo

Coldwell Banker

Broker

$2.4M

vol

2 deals

Broker

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.30%

Cash-on-Cash

-3.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93