Unique opportunity to own a renovated 3-Family home on a massive 11,154 sq./ft. lot. Whether you're seeking a strong income-producing asset, a parcel large enough to accommodate future redevelopment, or an owner-occupied investment property with a huge backyard, 21 Medford St. provides buyers with a wide range of possibilities. Recently refurbished in 2024 - the building consists of three (3) turn-key apartments that have consistently generated over $9,000/month at full occupancy. Each unit offers 3 bedrooms, 2 full bathrooms, in-unit laundry and an updated kitchen equipped with granite countertops and stainless-steel appliances. Open concept floorplans, recessed lighting and hardwood flooring can be found throughout. Outside, four (4) unencumbered street-level parking spots are positioned on the right-hand side of the house. On the left-hand-side, a long three (3) car driveway extends down toward the rear of the lot, abutting the backyard.
This home has been viewed 12 times
Last Checked: July 26th, 2026 at 6:09pm (Source: MLS PIN #73553843)
Gross Income: $112,200
Gross Expenses: $10,927
Net Income Calc: $101,273
Annual Expenses for 21 Medford St., Malden MA 02148
Total Gross Expenses (Calculated)$10,927/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax10927
Annual Income & Unit Breakdown for 21 Medford St., Malden MA 02148
Total Gross Income (Calculated)$112,200
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms3
Bathrooms2 Full
Floor3
Levels in Unit2
Rent Includes
General Information for 21 Medford St., Malden MA 02148
Listing ID73553843
Property TypeMulti Family / 3 Family
Price1350000 ($373.24/SqFt)
Style3 Family
CityMalden
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total3617
Approximate Lot Size (Acres)0.26
Total Parking7
Garage Parking0
Year Built1900
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningResB
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 21 Medford St., Malden MA 02148
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourceMeasured
ExclusionsElectric Fireplace
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 21 Medford St., Malden MA 02148
Real Estate Taxes10927
Tax Year2026
Assessed Value$958,500
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 21 Medford St., Malden MA 02148
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 21 Medford St., Malden MA 02148