Off Market
427 Medford Street, Somerville, MA
Somerville · MA 02145
- $1,599,000
- Price
- 15
- Beds
- 3
- Baths
- 4665
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
3 Units
Lot size:
3,203 Sq.Ft Lot
Price per square foot:
$343 / Sq.Ft
Parking:
3 Off Street Spaces
About this home
Cash Cow Opportunity! Rare 12+ unit, 3-family in Somerville with stable rental income history and even greater potential. Primarily located at Winter Hill neighborhood and a WalkScore 88, it is just minutes to the new Green Line station, many bus-stops, schools, Somerville Bike Path and many shopping areas. Great outdoor space with both front and back decks. Separated utilities with two 10-year gas heating system with 86% efficiency and one oil system and three newer water heaters. 10-year rubber roof and 11 years commercial aluminum windows. 7-feet height front walk out basement is higher than the street and has a potential to be an office space. Plenty storage spaces in the basement and laundry is readily installed. Flexible to various owner/rental settings and easy to rent out due to attractive location. City permits to add two 3/4 bathes in each unit. Many new potentials (include 1031 Exchange) for the future investors to extend its long history of stable rental income.
Neighborhood & Transit
427 Medford Street, Somerville · MA 02145
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Gilman Square Green 0.30 mi
-
Magoun Square Green 0.31 mi
Price Insight
- Days on Market:
- 1413 days
- Listing Price:
- $1,599,000
- Price per Sq.Ft:
- $343
- Tax Assessment:
- $1,228,400 in 2022
- Taxes:
- $1,043 / Monthly
Home Facts
Interior Features
- Bedrooms
- 15
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 4,665 Sq.Ft
- Broker Disclosure about Living Area
- DO NOT include above street level full basement
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers
Exterior Features
- Lot Size
- 3,203 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 3 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Weidong Li
- Listing office
- WINN Real Estate & Consulting
- MLS PIN #
- 73037594
- Disclosure
- Tax does not include resident exemption. Buyer and buyer's agent do own due diligence. Sell ASIS.
- Disclosure
- DO NOT include above street level full basement
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