Investor-ready opportunity in a prime Medford location. Including parking, a key advantage for long-term tenant appeal and value. Fully leased at $2,120/month through 5/31/27, this well-maintained 1 bed condo delivers immediate cash flow with a strong rental history and attractive cap rate in a solid brick building. The unit offers an open, flexible layout with high ceilings, an updated kitchen with newer appliances, and generous storage both in-unit and additional. Comfortable room sizes and a clean, well-kept interior create strong rental appeal. Laundry conveniently located across the hall. Positioned near Medford Center, Tufts, Davis Square, shopping, restaurants, and major commuter routes into Boston. Clean, turnkey asset that fits seamlessly into a 1031 exchange or long-term hold strategy with proven, consistent performance.
This home has been viewed 6 times
Last Checked: July 4th, 2026 at 5:58am (Source: MLS PIN #73491586)
Air Conditioning
Lead Paint Free
General Information for 297 Main St # 3, Medford MA 02155
Listing ID73491586
Property TypeCondominium
Price339000 ($568.79/SqFt)
Building Style2/3 Family
CityMedford
CountyMiddlesex
Neighborhood(s)
Total Parking1
Unit Level1
Levels in Unit1
Year Built1971
Year Built SourcePublic Records
Year Built DetailsApproximate
Building Construction StatusReady for Occupancy
Zoningres
Unit Features for 297 Main St # 3, Medford MA 02155
Approximate Living Area Total596
Living Area Includes BasementYes
Rooms3
Bedrooms1
Primary En Suite BathroomYes
BasementFull
Cooling1, Split
LaundryArchway
Fireplaces
Outdoor Space
FlooringTile
Electric220 Volts
AppliancesRange
Condo Association Features for 297 Main St # 3, Medford MA 02155
Pet PolicyAllowed
Building ManagementDeveloper Advisory Board
Building Construction StatusReady for Occupancy
Number of Units17
Year Built1971
Year Built DetailsApproximate
Year Built SourcePublic Records
WaterPublic
SewerPublic Sewer
Parking Features1
Building AmenitiesBeach Rights
Disclosures for 297 Main St # 3, Medford MA 02155
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
Special Listing Conditions
Exclusions
Compensation Based On
Documents AvailablePerc Test
Financial Information for 297 Main St # 3, Medford MA 02155
Association Fee
Optional Fee0
Association Fee IncludesLandscaping
Optional Fee Includes
Association Fee FrequencyMonthly
Assessed Value$318,000
Real Estate Tax2560
Tax Year2025
Location Information for 297 Main St # 3, Medford MA 02155
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 297 Main St # 3, Medford MA 02155