$1,199,000
About this home
Large Mansard-style 3-family property situated in the sought-after West Medford area. The 1st floor features a 2-bed unit with a dining room, while the 2nd floor offers another 2-bed unit with dining room + office space. The 3rd floor contains a 1-bed unit. The spacious basement is equipped with separate heating, hot water, & electric systems for each unit, reducing the landlord's expenses. The property is fully tenanted, with lease renewals scheduled for mid-2024. It rests on a sizable lot with plenty of parking for each unit, making it suitable for future condo conversion. The property generates a gross monthly income of $6, 150, with potential for growth. This location is a commuter's dream, situated just 0.2 miles from the West Medford commuter rail station & offering easy access to commuter routes such as I-93, Route 2, and Route 16, as well as numerous bus stops. The property provides convenient access to Tufts University, Whole Foods, & a variety of shops & restaurants!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $7,895
- Utilities
- $656
- Transportation
- $147
- Other (entertainment)
- $158
Quick facts
At a glance
Home features
Lot features
Cleared, Level
Neighborhood — 02155
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 54,212 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | -3.00% | 7.00% | 20.00% |
| Population Density | 6,637 | 786 | — |
| Male | 25,683 | 3,127,134 | 147,432,321 |
| Female | 28,529 | 3,317,797 | 151,655,844 |
| Never Married | 17,126 | 1,612,885 | 63,775,926 |
| Married | 20,130 | 2,586,314 | 123,120,365 |
| Separated | 1,776 | 247,857 | 12,639,686 |
| Widowed | 3,799 | 363,594 | 15,467,586 |
| Divorced | 3,299 | 436,888 | 23,075,029 |
| Number Of House Hold | 21,873 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.42 | 2.56 | 2.60 |
| Medial Age | 38.62 | 37.25 | 35.46 |
| Median House Hold Income | $58,761 | $57,698 | $48,276 |
| Average House Hold Income | $68,303 | $75,023 | $63,629 |
| P C I | $27,854 | $29,196 | $24,529 |
| M D I | $48,798 | $48,105 | $41,133 |
| A T H E | $53,922 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 79.54% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
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Listing information last refreshed 4/30/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.