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 two off-street parking spaces. Condominium documents are already in place, providing flexibility for future ownership strategies and streamlining a potential condo conversion. Excellent opportunity for investors or developers seeking strong cash flow and long-term upside in a highly desirable location.
- Basement:
- Unfinished
- Parking:
- Off Street
- Appliances:
- Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Freezer
- Construction:
- Frame
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Interior Features:
- Kitchen, Dining Room, Office/den, Living Room, Sunroom
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 2(water)
- Parking Spaces:
- 2
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $399
- Zoning:
- R2
- No Units:
- 2
- Orig Price:
- $1,475,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Medford
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02155
- Longitude:
- W72° 53' 24.8''
- Latitude:
- N42° 24' 22.3''
Residential Income
27 Princeton St, Medford, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,475,000
- Bedrooms :
- 8
- Rooms :
- 16
- Total Bathrooms :
- 2
- Full Bathrooms :
- 2
- Square Footage :
- 3,693 Sqft
- Year Built :
- 1910
- Lot Area :
- 0.09 Acre
- Listing ID :
- 73523617
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com