118 Auburn Street Medford — Photo 1 of 39
$1,499,900
Investment Analysis — 118 Auburn Street
Medford, MA 02155 — Tufts University
Based on rent reported on the MLS listing, a 2-unit multi-family in 02155 carries $9,500/mo in gross rent — about a 4.94% cap rate and $74,157/yr in estimated NOI at the $1,499,900 list price. Adjust every assumption in the calculator below.
Beds
10
Baths
5
SqFt
4,500
Style
Multi Family
Built
1920
*Multiple Offers* BEAUTIFUL & HUGE RIVERFRONT 2 FAMILY - TRULY SPECIAL HOME, FABULOUS LIFESTYLE & LOCATION ! HUGE 10BR, 5BA, 4,500+ SQ FT 2 FAMILY HOME offering 4 Magnificent Levels of HIGH END CONDO QUALITY living directly on the MYSTIC RIVER—**KAYAK/PADDLE TO BOSTON HARBOR & MYSTIC LAKES FROM YOUR BACKYARD !** EXTENSIVELY RENOVATED in 2015, both Townhouse Style units boasts modern Kitchens & Baths, Central AC, High-efficiency Gas Heat, High ceilings, In-unit laundry, newer windows, doors, electrical, plumbing & roof. **UNIT 1** offers 5 LARGE BRs & 3 FULL BAs across 3 impressive levels. Spacious modern kitchen features stainless appliances, gas cooking & direct access to a generous Riverfront deck overlooking the Mystic River & Greenway. Large dining room, living room & lower-level family room provide outstanding space to relax & entertain. Private 2nd level Primary Suite features its own full bath. **UNIT 2** offers 5 LARGE BRs & 2 FULL BAs. Sun filled open main level features spacious living & dining rooms, 5th BR/Home Office, modern kitchen with stainless appliances & gas cooking and full bath. Upper level offers 4 additional large bedrooms & full bath. An **OUTDOOR ENTHUSIAST'S PARADISE**—Enjoy Beautiful year-round Water Views, morning coffee overlooking the river, walking/biking along the Greenway or Kayaking directly from your Backyard. IDEAL for OWNER OCCUPANTS & INVESTORS with approx **$115K+ GROSS MARKET RENT POTENTIAL PER YEAR**. Incredible future flexibility with Potential Conversion into 2 Luxury Condos, creating substantial instant built-in equity. **LOCATION, LOCATION, LOCATION!** Exceptional Location just minutes to Tufts University, Somerville, Cambridge & Boston and steps to Whole Foods, Starbucks, Rt 16 & I-93. Not in flood zone, flood insurance is Not required by lenders (river water level is controlled by the lock system to Boston Harbor). **NOTHING ELSE COMPARES—A RARE RIVERFRONT GEM** Do not miss out on this Beautiful and Huge 4,500 Sq Ft 10BR 5BA Two Family Riverfront GEM with Direct access to the Mystic River & Mystic Lakes !
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range • Oven
Geography
Listing Agent: Andy Mass
Listing Office: Mass Realty Properties
MLS® Number: 73563823
