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.

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Basic Information

Bedrooms1
Mls StatusActive
Bathroom1
Parcel Number M:R09 B:3502,643502
Unit Number3

Tax Information

Tax Assessed Value $318,000
Tax Year 2025
Taxes$2,560

Parking

Parking Spaces1
Parking Features Off Street, Assigned, Deeded

Rooms

Bathrooms Total Decimal 1
Dining Room First
Full Bath1
Kitchen First
Living Room First
Master Bedroom First

Basic Information

List Price$368,000
MLS Number73491586
Modification Date03/29/2026
Property SubTypeCondominium

Location

Address297 Main Street
Building Number297
CountyMiddlesex
StateMA
StreetMain Street
TownMedford
Zip02155

Building

BasementN
Building Area Units Square Feet
Construction Materials Brick
Entry Level 1
Rooms3
Stories1
Utilities For Electric Range
Window Features Insulated Windows
Year Built1971
Year Built Details Approximate
Year Built Source Public Records

Property

Entry Location Unit Placement(Ground, Garden)

Interior

Flooring Tile, Laminate

Utilities

Cooling Window Unit(s)
Cooling YN Yes
Electric 110 Volts,220 Volts
Heat SystemYes
Heating Electric
Sewer Public Sewer
Water Source Public

Property Information

Square Feet596
Building Area Source Public Records
Living Area 596
Lot Size Square Feet 1
Lot Size Units Acres
Property Attached YN Yes
Structure Type Mid-Rise

Amenities

AmenitiesPublic Transportation, Shopping, T-Station, University
Appliances IncludedRange, Dishwasher, Disposal, Refrigerator
Association Amenities Hot Water, Laundry
Security Features Intercom

Legal

Zoningres

Other

Association Fee $324
Association Fee Frequency Monthly
Association Fee Includes Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
Date Listed03/25/2026
Farm Land Area Units Square Feet
View Count3

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Newton, MA

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More Info

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Newton, MA