Turnkey two-family investment opportunity in a prime Medford location near Tufts University and the Green Line Extension. The property generates $104,400 in annual gross income ($4,300/month for Unit 1 and $4,400/month for Unit 2). Tenants pay their own utilities, with Unit 1 also paying water, helping to minimize operating expenses. Both units offer spacious 4-bedroom layouts with living and dining areas, eat-in kitchens, private laundry, and updated appliances including dishwashers and garbage disposals. Unit 1 features a private deck and wall-unit air conditioning. Unit 2 is an approximately 1,900 SF duplex with a sunroom and generous room sizes. Additional features include two off-street parking spaces. Condominium documents are already in place, providing flexibility for future ownership strategies and streamlining a potential condo conversion. Excellent opportunity for investors or developers seeking strong cash flow and long-term upside in a highly desirable location.

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Basic Information

Gross Income $104,400
Lot Features Corner Lot
Mls StatusNew
Parcel Number 643887
Rent Includes Unit 2(Water)

Tax Information

Tax Assessed Value $113,360
Tax Year 2025
Taxes$9,976

Parking

Parking Features Off Street
Parking Spaces2

Rooms

Bathroom2
Bathrooms Total Decimal 2
Bedrooms8
Full Bath2

Basic Information

List Price$1,475,000
MLS Number73523617
Modification Date05/25/2026
Property SubTypeMulti Family

Location

Address27 Princeton Street
Building Number27
CountyMiddlesex
StateMA
StreetPrinceton Street
TownMedford
Zip02155

Building

BasementUnfinished
Building Area Units Square Feet
Construction Materials Frame
FoundationBlock, Other
Levels 3
Patio And Porch Features Enclosed
Rooms16
Stories3
Units2
Year Built1910
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.09

Interior

Interior Features Living Room, Dining Room, Kitchen, Office/Den, Sunroom

Exterior

RoofShingle

Utilities

Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 3,693
Lot Size Square Feet 4,079
Lot Size Units Acres
Square Feet3,693

Amenities

Amenities
- Bike Path
- Highway Access
- Park
- Private School
- Public Transportation
- University
- Walk/Jog Trails
Appliances IncludedRange, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Other AmenitiesBasement

Legal

ZoningR2

Other

Date Listed05/26/2026
Farm Land Area Units Square Feet
View Count1

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Newton, MA

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Basic Information

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Newton, MA