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24 Linden Street 24 Linden St 8 Unit Apartment Building $2,200,000 ($275,000/Unit) Medford, MA 02155
Investment Highlights
- 8-Unit Multifamily Property | Wellington Submarket of Medford
- Value-Add Opportunity via Renovations and Lease-up
- On-Site parking (rare for urban assets) | New Coin-Op Laundry Facility
- (4) One-Bedroom, (3) Two-Bedroom & (1) Three Bedroom Floor Plans
- Below-Market Rents with Strong Upside Potential
- Proximity to Transit, Highways, and Boston Metro
Executive Summary
Northeast Private Client Group is pleased to present the Linden Street Apartments located at 24 Linden St, Medford, MA.
24 Linden Street presents a compelling opportunity to acquire an 8-unit multifamily asset in the desirable Wellington submarket of Medford, just minutes from Greater Boston’s core employment hubs. Built in 1880, this wood-frame, property spans approximately 5,282 SF on a 0.23-acre parcel, significant upside through strategic repositioning, operational improvements & market rents. Submarket rents for comparable 1–3-star assets average approximately $2,361 per unit, suggesting meaningful upside through renovation.
The property features a diverse unit mix comprised of (4) one-bedroom, (3) two-bedroom & (1) three-bedroom floor plans, appealing to a broad tenant base. With 12 surface parking spaces (1.5 spaces/unit), the asset provides a strong amenity relative to comparable urban multifamily properties, along with newly updated coin-op laundry room. This offering is ideal for investors seeking a light-to-moderate value-add play in a high-demand rental market with long-term appreciation potential.
All interested and qualified parties will have the opportunity to tour the building during scheduled appointments & obtain additional information upon request.
24 Linden Street presents a compelling opportunity to acquire an 8-unit multifamily asset in the desirable Wellington submarket of Medford, just minutes from Greater Boston’s core employment hubs. Built in 1880, this wood-frame, property spans approximately 5,282 SF on a 0.23-acre parcel, significant upside through strategic repositioning, operational improvements & market rents. Submarket rents for comparable 1–3-star assets average approximately $2,361 per unit, suggesting meaningful upside through renovation.
The property features a diverse unit mix comprised of (4) one-bedroom, (3) two-bedroom & (1) three-bedroom floor plans, appealing to a broad tenant base. With 12 surface parking spaces (1.5 spaces/unit), the asset provides a strong amenity relative to comparable urban multifamily properties, along with newly updated coin-op laundry room. This offering is ideal for investors seeking a light-to-moderate value-add play in a high-demand rental market with long-term appreciation potential.
All interested and qualified parties will have the opportunity to tour the building during scheduled appointments & obtain additional information upon request.
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Property Facts
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $275,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 5,282 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1880 |
| Apartment Style | Low-Rise | Parking Ratio | 2.27/1,000 SF |
| Zoning | Apt2, Medford | ||
| Price | $2,200,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,282 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1880 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | Apt2, Medford |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 5,282 |
| 3+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | MEDF-000014-000000-Q000068 | Improvements Assessment | $1,375,000 |
| Land Assessment | $403,700 | Total Assessment | $1,778,700 |
Property Taxes
Parcel Number
MEDF-000014-000000-Q000068
Land Assessment
$403,700
Improvements Assessment
$1,375,000
Total Assessment
$1,778,700
Contacts
-
Francis Saenz -
Drew Kirkland -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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