Price Reduction
Address
387-389 Main St, Medford, MA
Price
$ 1,100,000
Property Attributes
- MLS#73240898
- TypeMulti-Family
- CountyMIDDLESEX
- CityMedford
- Zip02155
- StyleMulti Family
- Year Built1890
- Taxes$ 6394
- Price$ 1,100,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage3024
- Lot Size0.11 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Welcome to 387-389 Main St – a rare and versatile property offering endless opportunities for investors and business owners alike. The office provides the flexibility to either operate your business or lease out the space for additional income. Perfectly positioned less than a mile from the Tufts Green Line stop and Route 93, this prime location has unparalleled access to local amenities, public transportation, and major highways. The office is ideal for various business needs with an open plan and includes an additional private meeting room with a convenient half bathroom. Both residential units have large eat in kitchens with a living room. The first residential unit features single level living with 2 beds and 1 bath and the second unit has 3 beds and 1 bath. Both units have long term tenants and rent is below market value. Whether you're looking to supplement your business with rental income or expand your investment portfolio, this is the perfect property to achieve your goals.
| Elementary School | Middle School | High School |
|---|---|---|
| Missituk Elementary School | Mcglynn/Andrews Middle School | Medford High |
| Price History | |
|---|---|
| 5/21/2024 | Listed $1,199,000 |
| 5/31/2024 | 9% - $1,100,000 |
General Features
| Interior Features | Bathroom With Tub & Shower,Living Room,Kitchen,Office/Den |
|---|---|
| Sewer | Public Sewer |
| Heating | Baseboard,Natural Gas,Forced Air |
| Utilities | for Gas Range,for Electric Dryer,Washer Hookup |
| Roof | Shingle,Rubber |
| Appliances | Washer,Dryer,Range,Dishwasher,Refrigerator,None |
| Exterior Features | Rain Gutters |
| Zoning | C-1 |
| Patio/Porch Features | Patio |
| Construction Materials | Frame,Brick |
| Exclusions | Tenants Personal Property. |
| Year Built | 1890 |
| Electric | 220 Volts,Circuit Breakers |
| Property SubType | Multi Family |
| Tax Year | 2024 |
| Gross Income | 32400 |
| Community Features | Public Transportation,Shopping,Highway Access,Public School,T-Station,University |
| County | Middlesex |
| Net Operating Income | 32400 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Rent Includes | Unit 1(Water),Unit 2(Water) |
| Total Rooms | 11 |
| Status | Active |
| Directions | Main St between Harvard and Wareham |
| High School | Medford High |
| City | Medford |
| Disclosures | Listing agent is related to seller. Tenants in both apartments are TAW. Office is currently vacant. Oil tanks in basement will be removed prior to closing. Being sold As-Is. |
| Senior Community Y/N | No |
| NumberOfUnitsTotal | 2 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 4843 |
| Waterfront Y/N | No |
| Elementary School | Missituk |
| Year Built Details | Actual |
| Tax Annual Amount | 6394.26 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Mcglynn/Andrews |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 750500 |
| Total Actual Rent | 2700 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full,Interior Entry,Concrete,Unfinished |
|---|---|
| Flooring | Wood,Tile,Hardwood,Parquet,Carpet |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Full Baths | 2 |
| Half Baths | 1 |
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Total Bedrooms | 5 |
| Total Baths | 3 |
Exterior Features
| Parking Features | Shared Driveway,Off Street,Paved |
|---|---|
| Lot Features | Level |
| Water Source | Public |
| Total Parking | 5 |
| Lot Size Area | 0.11 |
| Foundation Details | Stone,Brick/Mortar |
| Spa | No |
| Building Area Total | 3024 |
| Lot Size Acres | 0.11 |
| Road Frontage Type | Public |
| Road Responsibility | Public Maintained Road |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02155
Price
Taxes
Visits
Year Built
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IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.
