27 Princeton St
$1,475,000
8
Beds
2
Baths
3,693
Sqft
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$1,475,000
8
Beds
2
Baths
3,693
Living Area
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Property Description
Turnkey two-family investment opportunity in a prime Medford location near Tufts University and the Green Line Extension. The property generates $104,400 in annual gross income ($4,300/month for Unit 1 and $4,400/month for Unit 2). Tenants pay their own utilities, with Unit 1 also paying water, helping to minimize operating expenses. Both units offer spacious 4-bedroom layouts with living and dining areas, eat-in kitchens, private laundry, and updated appliances including dishwashers and garbage disposals. Unit 1 features a private deck and wall-unit air conditioning. Unit 2 is an approximately 1,900 SF duplex with a sunroom and generous room sizes. Additional features include four off-street parking spaces. Condominium documents are already in place, providing flexibility for future ownership strategies and streamlining a condo conversion. Excellent opportunity for investors or developers seeking strong cash flow and long-term upside in a highly desirable location.
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Highlights
- Area: Tufts University
- Parking Spots: 2
- Property Type: Multi Family
- Total Rooms: 16
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
- Construction: Frame
- Interior Features: Living Room, Dining Room, Kitchen, Office/Den, Sunroom
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R2
- Basement: Unfinished
- Foundation: Block, Other
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, University
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,155,000
- Tax Year: 2025
- Total Rent: $8,700
- Rental Fee Includes: Unit 2(Water)
- Taxes: $9,976
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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 Jacob Realty, LLC.
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