Property Description

Incredible opportunity to own a well-maintained three-family in a prime Medford location minutes from Tufts, Medford Square, and the Green Line Extension. Perfect for investors or owner-occupants, this property offers immediate cash flow and long-term upside. The first-floor unit has been fully renovated with two bedrooms, one bath, and an open layout. The second-floor unit mirrors the first and includes front and rear decks, with potential to convert into a three-bedroom for increased income. The third unit is a well-appointed one-bedroom, one-bath. Features include two garage spaces, three off-street parking spots, and separate metering for all units. Solid rental history. Easy access to public transit, I-93, and area amenities makes 124 Grant Ave a smart buy in one of Greater Boston’s most accessible and appreciating neighborhoods.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Ceiling Fans, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets
  • Common Appliances: Dishwasher, Dryer Hookup, Microwave, Range, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: No
  • Gross Operating Income: 86700
  • Net Operating Income: 86700

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73374470
  • Last Updated: 05/14/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/14/2025New$1,795,000$560MLSPIN

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Seller's Representative: Hans Nagrath, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-05-14 10:42:00

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