297 Main St #3
$368,000
1
Bed
1
Bath
596
Sqft
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$368,000
1
Bed
1
Bath
596
Living Area
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Property Description
Investor-ready opportunity in a prime Medford location. Including parking, a key advantage for long-term tenant appeal and value. Fully leased at $2,120/month through 5/31/27, this well-maintained 1 bed condo delivers immediate cash flow with a strong rental history and attractive cap rate in a solid brick building. The unit offers an open, flexible layout with high ceilings, an updated kitchen with newer appliances, and generous storage both in-unit and additional. Comfortable room sizes and a clean, well-kept interior create strong rental appeal. Laundry conveniently located across the hall. Positioned near Medford Center, Tufts, Davis Square, shopping, restaurants, and major commuter routes into Boston. Clean, turnkey asset that fits seamlessly into a 1031 exchange or long-term hold strategy with proven, consistent performance.
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Highlights
- Cooling: Window Unit(s)
- HOA Fee: $324
- Property Class: Residential
- Stories: 1
- Unit Number: 3
- Status: Active
- Heating: Electric
- Parking Spots: 1
- Property Type: Condominium
- Total Rooms: 3
- Year Built: 1971
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Refrigerator
- Construction: Brick
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: res
- Basement: N
- Flooring: Tile, Laminate
- Total Number of Units: 17
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, T-Station, University
- Security Features: Intercom
- Parking Features: Off Street, Assigned, Deeded
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Utilities
- Electric: 110 Volts, 220 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $318,000
- HOA Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
- Taxes: $2,560
- HOA Fee Frequency: Monthly
- Tax Year: 2025
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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 Gibson Sotheby's International Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.