297 Main St #3

Taxes: $2,560 (2025)

About this home

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.

Property details

Sewer

Private

Style

Mid-Rise

Water

City/Town Water

Cooling

Window AC

Heating

Forced Air

Flooring

Tile, Laminate

Appliances

Range, Dishwasher, Disposal, Refrigerator

Construction

Brick

Parking

1-10 Spaces, Assigned, Deeded

Electric

110 Volts, 220 Volts