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
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93