Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,290,000
$366/SF
MultiFamily
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Players
Medford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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