27 Princeton St, Medford, MA, 02155
16 rooms
8 beds
2 Full baths
1910
3,693 sqft
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.
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
R2
Basement:
Unfinished
Levels:
3
Parking:
2-car, Off Street
Acreage:
0.09
Est. Taxes:
$9,976
Assessment
$113,360
Construction
Frame
Lot Description:
Corner Lot
Amenities:
Public Transportation, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, University
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
MLS #:
73523617
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Thomas Macdonald, Jacob Realty, LLC