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
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