24 Linden Street
- 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
Property 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,975,000 |
| No. of Units: | 8 |
| Year Built: | 1880 |
| Lot Size: | 0.24 Acres |
| Opportunity Zone: | No |
| Price per unit: | $246,875 |
| Property Website | Click Here |
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