Active
176 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

Investment Analysis — 297 Main St #3

Medford, MA 02155

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02155 carries an estimated $2,740/mo in gross rent — about a 5.47% cap rate and $18,531/yr in estimated NOI at the $339,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

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.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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

Listing Provided By

Listing Agent: Chuck Silverston Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73491586