27 Princeton St

Taxes: $9,976 (2025)

About this home

Turnkey two-family investment opportunity in a prime Medford location near Tufts University and the Green Line Extension. The property generates $104,400 in annual gross income ($4,300/month for Unit 1 and $4,400/month for Unit 2). Tenants pay their own utilities, with Unit 1 also paying water, helping to minimize operating expenses. Both units offer spacious 4-bedroom layouts with living and dining areas, eat-in kitchens, private laundry, and updated appliances including dishwashers and garbage disposals. Unit 1 features a private deck and wall-unit air conditioning. Unit 2 is an approximately 1,900 SF duplex with a sunroom and generous room sizes. Additional features include two off-street parking spaces. Condominium documents are already in place, providing flexibility for future ownership strategies and streamlining a potential condo conversion. Excellent opportunity for investors or developers seeking strong cash flow and long-term upside in a highly desirable location.

Property details

Road type

Public

Basement

Unfinished Basement