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305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143305-307 Medford Street Somerville MA 02143
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  • 9Bedrooms
  • 6Bathrooms
  • 7,530Square Feet
305-307 Medford St. in Somerville consists of a three story building with (6) units consisting of (2) four bedroom/one bathroom units and (4) three bedroom/one bathroom units. Located in the path of the future Green Line Extension, the property offers the rare opportunity to acquire an exceptionally well located asset with value add potential in of the hottest real estate markets in a region that is poised for future growth. The property offers the ability to add value to a well constructed, brick building through renovating the units and the potential opportunity to capture basement space by duplexing the first floor units with the basement. The location offers unparalleled access to the new Gilman Square Station of the Green Line Extension, less than 1/4 mile from the property. The subject property is ideal for a potential buyer looking for strong location with significant upside. Somerville's outlook is bright as rentals continue to increase at a steady rate.
Listed by Dennis Kelleher of Horvath & Tremblay

Listing Sold by Horvath & Tremblay

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More Info

Basic Information

  • Gross Income $96,000
  • Mls StatusSold
  • Parcel Number M:16 B:E L:5

Location

  • Address305-307 Medford Street
  • Building Number305-307
  • CountyMiddlesex
  • StateMA
  • StreetMedford Street
  • TownSomerville
  • Zip02143

Property

  • Acreage0.1

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Other AmenitiesBasement

Tax Information

  • Tax Assessed Value $2,251,900
  • Tax Year 2022
  • Taxes$22,924

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms9
  • Full Bath6

Building

  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationStone
  • Rooms21
  • Stories6
  • Units6
  • Year Built1906
  • Year Built Details Approximate
  • Year Built Source Public Records

Other

  • Buyer Agency Compensation2%
  • Date Listed03/31/2023
  • Farm Land Area Units Square Feet

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces

Basic Information

  • GO-List Price$2,900,000
  • MLS Number73093843
  • Modification Date03/31/2023
  • Property SubType5-9 Family
  • Purchase Contract Date03/16/2023
  • Sale Date03/16/2023
  • Sale Price$2,475,000

Exterior

  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 7,530
  • Lot Size Square Feet 4,219
  • Lot Size Units Acres
  • Square Feet7,530

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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