24 Linden St - Apartments FOR SALE


Medford, MA 02155- Wellington Medford
$2,200,000 USD
203-414-9232
24 Linden St, Medford, MA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

24 Linden St
Medford, MA 02155
Wellington Medford


HIGHLIGHTS

  • 8-Unit Multifamily Property | Wellington Submarket of Medford
  • (4) One-Bedroom, (3) Two-Bedroom & (1) Three Bedroom Floor Plans
  • Value-Add Opportunity via Renovations and Lease-up
  • Below-Market Rents with Strong Upside Potential
  • On-Site parking (rare for urban assets) | New Coin-Op Laundry Facility
  • Proximity to Transit, Highways, and Boston Metro

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Linden Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Apt2, Medford

APN/PARCEL ID

MEDF-000014-000000-Q000066

ASK ABOUT THIS PROPERTY

Francis SaenzNortheast Private Client GroupMore Info
203-414-9232

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Francis SaenzNortheast Private Client GroupMore Info
203-414-9232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.