387-389 Main Street

Medford, MA 02155

$1,100,000
Price
5
Beds
2
Baths
1
1/2 Bath
3,024 Sq. Ft.
$364 / Sq. Ft.
3,024
Sq. Ft.
$364
per Sq. Ft.

Description

This rare and versatile property offers endless opportunities for investors and business owners alike. Perfectly positioned less than a mile from the Tufts Green Line stop and Route 93, this prime location has unparalleled access to local amenities, public transportation, and major highways. The office provides the flexibility to either operate your business or lease out the space for additional income. It has an open plan and includes an additional private meeting room with a convenient half bathroom....This rare and versatile property offers endless opportunities for investors and business owners alike. Perfectly positioned less than a mile from the Tufts Green Line stop and Route 93, this prime location has unparalleled access to local amenities, public transportation, and major highways. The office provides the flexibility to either operate your business or lease out the space for additional income. It has an open plan and includes an additional private meeting room with a convenient half bathroom. Both residential units have large eat in kitchens and a living room. The first residential unit features single level living with 2 beds and 1 bath and the second unit has 3 beds and 1 bath. Whether you're looking to supplement your business with rental income or expand your investment portfolio, this is the perfect property to achieve your goals. Property is zoned C-1 and allows for a variety of uses and opportunities.
  1. Listed by Steve McKenna & The Home Advantage Team • Gibson Sotheby's International Realty
  2. Listed by Michael Pallotta • Gibson Sotheby's International Realty

Property Details for 387-389 Main Street

Town
Medford
Area
MA-Medford
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 01/13/2025 08:51 AM

Property Details for 387-389 Main Street

StatusUnder Agreement
MLS #73293100
Days on Market115
Taxes$6,394 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1890
CountyMiddlesex County

Building Information for 387-389 Main Street

Stories3Residences2Year Built1890Building Size-Lot Size0.11 AC / 4,843 SF

Property Information for 387-389 Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, Public School, T-Station, University
  • Living Area: 3024.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Missituk
  • High School: Medford High
  • Middle School: Mcglynn/Andrews
Features
Interior Features
  • Appliances: Washer, Dryer, Range, Dishwasher, Refrigerator, None
  • Basement Features: Full, Interior Access, Concrete Floor, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 2
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 2.50
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Hardwood, Parquet, Carpet
  • Interior Features: Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame, Brick
  • Exterior Features: Rain Gutters
  • Exterior Features: Patio
  • Lot Description: Level
  • Patio And Porch Features: Patio
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Shared Driveway, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Shared Driveway, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: 220 Volts, Circuit Breakers
  • Heating: Baseboard, Natural Gas, Forced Air
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Disclosures: Listing agent is related to seller. Being sold As-Is. Units are vacant.
Tax Information
  • Tax ID: M:V09 B:0038
  • Assessments: $750,500
  • Book: 18654
  • Tax Year: 2024
  • Zoning: C-1
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Lease U3: N
Rental Info
Rental Info
  • Total Actual Rent: $.00

Property History for 387-389 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 387-389 Main Street

This home is within Medford School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Missituk Elementary School
PublicPK to 5

John J. Mcglynn Middle School
Public6 to 8

Medford High School
Public9 to 12

Curtis-Tufts High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gibson Sotheby's International Realty, Steve McKenna & The Home Advantage Team; Gibson Sotheby's International Realty, Michael Pallotta

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.