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57 Clark Street

Harold Murphy - Keller Williams Acquires Multifamily Property For $1.3M In Medford
SOLDMultiFamily

Harold Murphy - Keller Williams Acquires Multifamily Property For $1.3M In Medford

57 Clark Street

$1,300,000

$446/SF

Building Size

2,912 SF

Asset Type

MultiFamily

Closing

Jun 17, 2024

AI

57 Clark St in Medford, MA, sold for $1,300,000 on June 17, 2024, showcasing a beautifully maintained two-family home with 5 beds and 2 baths across 2,912 sq ft. Located near Tufts University and Davis Square, the property combines modern updates like updated kitchens and original hardwood floors with a peaceful, tree-lined setting, offering both convenience and charm in a highly desirable neighborhood.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 2
  • Price Per Unit: $650,000
  • Square Footage: 2,912
  • Price Per Square Foot: $446
  • Address: 57 Clark Street
  • Market: Medford, MA

Harold Murphy from Keller Williamsrepresented the buyer in the transaction, while Stephen McKenna from Gibson Sotheby's International Realty represented the seller.

Players

Stephen McKenna

Sotheby's International Realty

Broker

$19.6M

vol

15 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93