433 Medford Street

Somerville, MA 02145

$1,500,000
Price
8
Beds
5,318 Sq. Ft.
$282 / Sq. Ft.
5,318
Sq. Ft.
$282
per Sq. Ft.

Description

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...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!
  1. Listed by Zachary Conley • NextGen Realty, Inc.
  2. Listed by Jason Francis • NextGen Realty, Inc.

Property Details for 433 Medford Street

Town
Somerville
Area
MA-Somerville
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 01/17/2025 06:34 PM

Property Details for 433 Medford Street

StatusActive
MLS #73325651
Days on Market40
Taxes-
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1900
CountyMiddlesex County

Building Information for 433 Medford Street

Stories7Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,584 SF

Property Information for 433 Medford Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other (See Remarks)
  • Living Area: 5318.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 4.0
  • Num of Full Baths: 2
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Other (See Remarks)
  • Exterior Features: Other (See Remarks), Porch, Porch - Enclosed
  • Lot Description: Other
  • Patio And Porch Features: Porch, Enclosed
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Other
  • Parking Features: Other
Utilities
  • Electric: 110 Volts, Other (See Remarks)
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Picture of units were prior to tenants moving in. The information provided herein is deemed to be reliable,but Buyer and/or Buyer's Agent are responsible for verifying all information to their satisfaction as part of their due diligence.
Tax Information
  • Tax ID: 754758
  • Assessments: $1,418,300
  • Book: 76910
  • Tax Year: 2024
  • Zoning: Mixed use
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • Electricity: $.00
  • Annual Expenses Source: Other (See Remarks)
  • GOI: $128,100.00
  • Gross Scheduled Income: $.00
  • HTE: $0
  • MGF: $0
  • RFS: $0
  • NOI: $126,600.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 3
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,550.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 433 Medford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 433 Medford Street

Taxable ValueLand$545,300Additions$873,000Total$1,418,300
Home Facts
Baths3Total Finished SqFt5,318 SqFtAbove Grade Finished SqFt5,318 SqFtStories3Lot Size2,800 SqFtStyleOffice BuildingYear Built1900ZoningRBCountyMIDDLESEXAPNSOME M:48 B:F L:15

Schools near 433 Medford Street

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Winter Hill Community School
PublicPK to 8

Somerville High School
Public9 to 12

Arthur D. Healey School
PublicPK to 8

Full Circle 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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433 Medford Street is a multi-family home for sale in Somerville, MA 02145. This property was listed for sale on January 13, 2025 by NextGen Realty, Inc., it's currently listed at $1,500,000. This listing's school district is Somerville School District. Nearby schools include Winter Hill Community School, Somerville High School and Arthur D. Healey School. 433 Medford Street is a 8-bed, 3-bath, 5,318 sqft multi-family home built in 1900.

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 NextGen Realty, Inc., Zachary Conley; NextGen Realty, Inc., Jason Francis

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.