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297 Main St APT 3, Medford, MA, 02155

1beds
1baths
596sqft
$368,000
$617price/sqft
$2,553/moest. monthly cost
$102,120/yrincome needed

About This Home

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.

Getting Around

89
WalkingVery Walkable
72
TransitExcellent Transit
74
BikeVery Bikeable

Schools

4/10
5/10
5/10
Medford High SchoolGrades PK,9-121.7 mi

Construction

Condition

  • Year built: 1971

Materials

  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Refrigerator
  • Laundry features: First Floor,Common Area,In Building

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • Window features: Insulated Windows
  • Flooring: Tile,Laminate
  • Finished area below ground: 596
  • Finished area above ground: 0

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 596
  • Total interior livable area: 596 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: M:R09 B:3502,643502
  • Attached to another structure: Yes
  • Zoning: res

Features

  • Entry location: Unit Placement(Ground,Garden)

Lot

  • Lot size: 1 sqft

Parking

  • Total spaces: 1
  • Parking features: Off Street,Assigned,Deeded
  • Uncovered spaces: 1