Sold!
$1,150,000
5
Beds
3
Baths
3,024
Living Area
-
Property Description
Large Mansard-style 3-family property situated in the sought-after West Medford area. The 1st floor features a 2-bed unit with a dining room, while the 2nd floor offers another 2-bed unit with dining room + office space. The 3rd floor contains a 1-bed unit. The spacious basement is equipped with separate heating, hot water, & electric systems for each unit, reducing the landlord's expenses. The property is fully tenanted, with lease renewals scheduled for mid-2024. It rests on a sizable lot with plenty of parking for each unit, making it suitable for future condo conversion. The property generates a gross monthly income of $6,150, with potential for growth. This location is a commuter's dream, situated just 0.2 miles from the West Medford commuter rail station & offering easy access to commuter routes such as I-93, Route 2, and Route 16, as well as numerous bus stops. The property provides convenient access to Tufts University, Whole Foods, & a variety of shops & restaurants!
-
Highlights
- Area: West Medford
- Parking Spots: 6
- Property Type: 3 Family
- Year Built: 1910
- Has View: Yes
- Property Class: Residential Income
- Total Rooms: 16
- Status: Closed
-
Additional Details
- Appliances: Washer, Dryer, Range, Dishwasher, Refrigerator
- Exclusions: Tenant Property.
- Foundation: Other
- Lot Features: Cleared, Level
- Roof: Shingle
- View: City View(s)
- Year Built Source: Public Records
- Construction: Frame
- Flooring: Wood
- Interior Features: Laundry Room, Ceiling Fan(s), Pantry, Bathroom with Shower Stall, Open Floorplan, Living Room, Dining Room, Kitchen, Mudroom, Sunroom, Living RM/Dining RM Combo
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Details: Actual
- Zoning: Res
-
Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Public School, T-Station, Sidewalks
- Parking Features: Off Street
-
Utilities
- Sewer: Public Sewer
- Water Source: Public
-
Fees / Taxes
- Assessed Value: $1,143,600
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $9,743
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 2%
- Tax Year: 2024
- Total Rent: $6,150
Similar Listings
Sold
41 Photos
Sold
42 Photos
Sold
35 Photos
Sold
41 Photos
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Leading Edge Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
