347 Boston Ave Medford MA 02155 MLS #73202119

347 Boston Ave
Medford, MA, 02155
$1,500,000
9 Beds
3 Baths
3,771 SqFt
0.1 Acres
$1,500,000
347 Boston Ave
Medford, MA, 02155
Rare opportunity to own a 3-family house on Boston Ave, near Tufts University. This property has been cared for by the same owner for over 30 years and has an amazing rental history with Tufts Students. This property is currently fully rented with the leases expiring May 31st, 2024. The current rent is below market value, and the owner has received requests to rent for next semester for an increased rental fee. Each Unit contains 3 bedrooms, a living room, an eat-in kitchen, a pantry, and one full bathroom. Each unit also has access to a stackable washer/dryer in the basement, which is included in the sale. The building also has an unfinished attic walk-up, which could be used for future expansion. The first showings will be at the open house. Offers are due Monday (2/19) by noon. Appointments are required for all viewings, including the Open House. Please reach out to the listing agent to schedule a time slot for Sunday (2/17)!

Property Details

Price:
$1,500,000
MLS #:
73202119
Status:
Pending
Beds:
9
Baths:
3
Address:
347 Boston Ave
Type:
Multi Family
Subtype:
3 Family
City:
Medford
Listed Date:
Feb 13, 2024
State:
MA
Finished Sq Ft:
3,771
ZIP:
02155
Lot Size:
4,500 sqft / 0.10 acres (approx)
Year Built:
1910

Schools

Interior

Appliances
Unit 1( Range, Dishwasher, Refrigerator, Washer, Dryer), Unit 2( Range, Dishwasher, Refrigerator, Washer, Dryer), Unit 3( Range, Dishwasher, Refrigerator, Washer, Dryer), Utility Connections for Gas Range
Bathrooms
3 Full Bathrooms
Cooling
Unit 1( None), Unit 2( None), Unit 3( None)
Flooring
Wood, Tile, Vinyl
Heating
Unit 1( Hot Water Radiators, Gas), Unit 2( Hot Water Baseboard, Gas)
Laundry Features
Laundry Room

Exterior

Community Features
Public Transportation, Shopping, Park, Public School, T- Station, University
Construction Materials
Frame
Exterior Features
Porch – Enclosed
Roof
Shingle

Financial

Buyer Agent Compensation
2%
Net Operating Income
$69,973
Tax Year
2023
Taxes
$8,547
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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