27 Princeton St, Medford, MA 02155
- $1,475,000
- 8
- BD
- 2
- BA
- 3,693
- SqFt
- List Price
- $1,475,000
- Status
- ACTIVE
- MLS#
- 73523617
- Bedrooms
- 8
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 3,693
- Lot Size (Acres)
- 0.09
- Year Built
- 1910
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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Additional Information
- Area
- Tufts University
- Taxes
- $9,976
- Parking Description
- Off Street
- Lot Description
- Corner Lot
- Water
- Public
- Sewer
- Public Sewer
- Appliances
- Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
- Community Features
- Public Transportation, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, University
- Basement Features
- Unfinished
- Interior Features
- Living Room, Dining Room, Kitchen, Office/Den, Sunroom
- Roof Material
- Shingle
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Thomas Macdonald from Listing Office: Jacob Realty, LLC.
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