431 Medford Somerville MA 02145 MLS #73292224

431 Medford
Somerville, MA, 02145
$1,549,999
Beds
4 Baths
5,318 SqFt
0.06 Acres
$1,549,999
431 Medford
Somerville, MA, 02145
Unmatched Investment Opportunity in Somerville! Seize the chance to own this exceptional mixed-use building just a few blocks from the Gilman Square Green Line station! This prime corner property offers outstanding visibility and signage, featuring two retail spaces leased through 2026, ensuring immediate income stability. Above, discover two spacious 4+ bedroom apartments that highlight beautiful hardwood flooring, generous living areas, and modern layouts. With an impressive annual income of 124.8K this property not only provides solid returns but also boasts huge upside potential for future rent increases. Located in the thriving Winter Hill section, you’re close to Assembly Row and have seamless highway access to downtown Boston. Surrounded by vibrant restaurants, shops, and local amenities, this rare opportunity won’t last long—act now to secure your investment in this desirable neighborhood!

Property Details

Price:
$1,549,999
MLS #:
73292224
Status:
Active
Beds:
0
Baths:
4
Address:
431 Medford
Type:
Commercial
City:
Somerville
Listed Date:
Sep 19, 2024
State:
MA
Finished Sq Ft:
5,318
Total Sq Ft:
5,318
ZIP:
02145
Lot Size:
2,800 sqft / 0.06 acres (approx)
Year Built:
1900

Schools

Interior

Exterior

Roof
Rubber

Financial

Net Operating Income
$90,314
Tax Year
2024
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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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431 Medford
Somerville, MA