307 Medford St

Somerville, MA, 02143

$3,400,000

$451 per ft²
$3,400,000
$451 per ft²
Active
Active
 - For Sale
beds
10 Beds
baths
6 Baths
carpenters-square
7,530 ft²
property_type
Multi-family
calendar
Built 1906
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.
MLS® ID:
73025919
Listed:
8/15/22
Updated:
10/3/22

Interior Features

Total Bedrooms
10
Full Bathrooms
6
Laundry Description
Laundry Room

Exterior/Building Features

Lot Size
4,219 ft² lot
Roof
Rubber
Sewer
Public Sewer

Other Property Details

Taxes
$22924
Tax Frequency
per YEAR
Garage
No
Parking
Paved Drive
View
N
County
Middlesex
Water Source
Public
Pool
No
Total Stories
6
Zoning
BA

 

Courtesy of John Pentore, Horvath & Tremblay

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Data last updated 12:16 PM UTC, 10/3/22

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