320 Fellsway W, Medford, MA, 02155
About This Home
INVESTOR’S DREAM! Rare turn-key 3-unit with 40-year track record and expansion potential in a coveted location! Unlock immediate cash flow in this Medford triple-decker. Centrally located just minutes from I-93, this property offers a rock-solid investment with a stable 40-year rental history. Three spacious 3-bedroom, 1-bath units with details not often seen: 9-ft ceilings, hardwood floors, wood moldings, built-ins, stained glass, walk-in pantries, and front and back covered porches. Bonus: "Value-add" potential - convert garage into a 4th dwelling unit (see AI photo) to maximize net operating income (subject to zoning/permits). Overlooking Hickey Park, tenants enjoy a "park setting" with easy access to recreation, subway, bus routes, and the Middlesex Fells Reservation hiking trails. Whether you're looking for a turn-key rental, a condo conversion project, or a sunlight filled owner-occupant home, this corner-lot gem is ready for its next chapter. All offers considered - don’t wait!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1905
Materials
- Foundation: Stone
- Roof: Shingle,Rubber
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family - 3 Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Sump Pump,Concrete,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Features
- Living Room,Dining Room,Kitchen
- Finished area above ground: 4,128
Heating & Cooling
- Heating features: Steam,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 4,128
- Total interior livable area: 4,128 sqft
Property
Details
- Parcel number: MEDFMJ12B0039
- Zoning: R
- Exclusions: A Couple Hanging Lamp Lights.
Features
- Patio & porch: Porch
- Exterior features: Rain Gutters
Lot
- Lot size: 4,345 sqft
- Features: Corner Lot,Cleared,Level
Parking
- Total spaces: 4
- Parking features: Off Street,Common
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,242 | $98,904 |
| Home Insurance * | $353 | $4,236 |
| Property Taxes | $1,131 | $13,572 |
| Electricity | $814 | $9,768 |
| Total | $10,540 | $126,480 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-15 | Listed for sale | $1,799,900 |
For Sale by Agent
View on Zillow