Property Description

Stunning Tufts University residence situated on the Medford/Somerville Line. A sturdy 4-family building, complemented by a 3-car garage with off-street parking, awaits its new owner. This property has been cherished by a family for over 75 years.This home comprises 3, one-bedroom units plus a chic, remodeled 2-bedroom, 2-full-bath apartment. Its prime location is a significant draw, offering easy access to the New MBTA Ball Square Green Line T station, Tufts U, and the Trendy shops and restaurants of Medford, Ball Square & Davis Square, Somerville.This FULLY RENTED, stabilized asset presents substantial upside potential. It also holds the possibility for a condo conversion. Recent improvements in 2025 include a newly paved driveway valued at over $20K and new vinyl fencing. Located in a high-demand area with a proven rental history, this property offers a unique opportunity to possibly capitalize on the 100% Bonus Depreciation available under the new tax laws with a cost seg study.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 5
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Sump Pump, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Internet Available - Unknown, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Common, Electric Baseboard, Gas, Ground Source Heat Pump, Hot Air Gravity, Hot Water Baseboard, Humidifier, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 108600
  • Gross Expenses: 21911
  • Electric Expenses: 733
  • Water/Sewer: 3782
  • INSC: 5874
  • Miscellaneous Expense: 5500
  • Net Operating Income: 75538

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: Varies per Unit
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1921
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Irregular
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73434734
  • Last Updated: 10/03/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/03/2025Contingent$1,699,999$529MLSPIN
09/28/2025Active$1,699,999$529MLSPIN
09/24/2025New$1,699,999$529MLSPIN

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Seller's Representative: Christopher L. Barnard, Barnard Real Estate Advisors, LLC
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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MLS PIN data last updated at 2025-10-03 06:36:00

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