Active
175 Days on market
297 Main St #3 Medford — Photo 1 of 27

297 Main St #3 Medford — Photo 1 of 27

Recent Drop: $29,000

$368,000
$339,000

$339,000

297 Main St #3, Medford, MA 02155

Medford, MA 02155

Beds

1

Baths

1

SqFt

596

Style

Condominium

Built

1971

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$569/sqft
Local Avg (Medford)$615/sqft
7% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Medford, MA.

Property Details

Financials

Original Price$368,000
Annual Taxes$2,560
HOA Fee$324.79

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms3
FireplacesNone
FlooringTile, Laminate
BasementN

Climate & Utilities

HeatingElectric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
Roof--
Foundation--
Zoningres

Property & Lot

Acres--
SqFt Lot1
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator

Neighborhood

Public Transportation • Shopping • T-Station • University

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary Bedroom
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First

Property History

Price Drop
$339,000

Was $368,000

Jun 29, 2026

MLS® 73491586

Listed
$368,000

Mar 25, 2026

MLS® 73491586

Expired
$349,000

Sep 12, 2025

MLS® 73344804

Expired
$388,000

Jul 18, 2025

MLS® 73291797

Listed
$349,000

Mar 12, 2025

MLS® 73344804

Listed
$388,000

Sep 18, 2024

MLS® 73291797

Population

61,730

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$130K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

46.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Chuck Silverston Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73491586

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