
297 Main St #3 Medford — Photo 1 of 27
Recent Drop: $29,000
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator
Neighborhood
Public Transportation • Shopping • T-Station • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstProperty History
$339,000
Was $368,000
Jun 29, 2026
MLS® 73491586
$368,000
Mar 25, 2026
MLS® 73491586
$349,000
Sep 12, 2025
MLS® 73344804
$388,000
Jul 18, 2025
MLS® 73291797
$349,000
Mar 12, 2025
MLS® 73344804
$388,000
Sep 18, 2024
MLS® 73291797
Listing Agent: Chuck Silverston Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73491586