297 Main St APT 3, Medford, MA, 02155
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
Very Walkable
Excellent Transit
Very BikeableSchools
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
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
- Inland Flooding
- 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 | $1,714 | $20,568 |
| Home Insurance * | $73 | $876 |
| Property Taxes | $240 | $2,880 |
| Electricity | $354 | $4,259 |
| Total | $2,381 | $28,572 |
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 |
|---|---|---|
| 2026-03-25 | Listed for sale | $368,000 |
| 2025-08-04 | Listing removed | $349,000 |
| 2025-06-26 | Price change | $349,000 |
| 2025-03-12 | Listed for sale | $375,000 |
| 2024-12-17 | Listing removed | $388,000 |
| 2024-11-20 | Price change | $388,000 |
| 2024-09-18 | Listed for sale | $399,000 |
| 2024-05-12 | Listing removed | -- |
| 2024-04-19 | Listed for rent | $2,050 |
| 2024-04-16 | Sold | $344,000 |
| 2024-03-19 | Contingent | $344,800 |
| 2024-03-16 | Listed for sale | $344,800 |
| 2022-12-03 | Listing removed | -- |
| 2022-11-02 | Listed for rent | $2,000 |
| 2015-06-21 | Listing removed | $1,325 |
| 2015-06-13 | Price change | $1,325 |
| 2015-06-04 | Listed for rent | $1,350 |
| 2014-01-07 | Listing removed | $1,200 |
| 2013-12-09 | Price change | $1,200 |
| 2013-11-22 | Listed for rent | $1,275 |
| 2013-11-20 | Sold | $152,000 |
| 2013-10-21 | Pending sale | $160,000 |
| 2013-10-03 | Price change | $160,000 |
| 2013-09-25 | Listed for sale | $150,000 |
| 2005-11-08 | Sold | $170,000 |
For Sale by Agent
View on Zillow