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31291088
31291103

24 Linden St, Medford, MA 02155

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton
$1,975,000
79 days on market
Updated 11 days ago

24 Linden Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,373
Units 8
Price per SqFt $368
Year Built 1880

8-Unit Multifamily Property | Medford, MA

Marketing description

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.

Investment 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
  • Favorable Demographics and Rental Demand Drivers

Listing Contacts

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton

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Additional Information

Name
Anthony Rakuskas
License
9588289
Brokerage
Northeast Private Client Group
Title
Associate
Brokerage Address
300 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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