24 Linden Street
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
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