476-478 Medford Street

Somerville, MA 02145

$835,000
Last Sold Price
6
Beds
3
Baths
1
1/2 Bath
2,998 Sq. Ft.
$279 / Sq. Ft.
2,998
Sq. Ft.
$279
per Sq. Ft.

Description

A wonderful investment opportunity awaits in this mixed use income property consisting of 2 buildings on one lot. The first is a 3family with 3apts consisting of 2 bedroom residential units + 1 comm'l storefront currently functioning as a hair salon with the buildings being separated by a driveway offering 2 car tandem parking. This property is located along side the new happenings of Magoun Sq. near the proposed green line ext. This area is just beginning to take off and is well worth consideration....A wonderful investment opportunity awaits in this mixed use income property consisting of 2 buildings on one lot. The first is a 3family with 3apts consisting of 2 bedroom residential units + 1 comm'l storefront currently functioning as a hair salon with the buildings being separated by a driveway offering 2 car tandem parking. This property is located along side the new happenings of Magoun Sq. near the proposed green line ext. This area is just beginning to take off and is well worth consideration. Act fast! This property surely won't last. Affordable, clean, investment properties like this are getting harder and harder to come by! Fully tenant occupied and pet friendly with pets on all 3 floors. Must come to the prescheduled showings disclosed.
  1. Listed by Irene Bremis • LAER Realty Partners / iBremis Realty

Property Details for 476-478 Medford Street

Town
Somerville
Area
MA-Somerville
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2

Location

Listing Courtesy of LAER Realty Partners / iBremis Realty, Irene Bremis

Sold By LAER Realty Partners / iBremis Realty, Irene Bremis

Add your commute
LISTING UPDATED: 08/06/2022 05:57 AM

Property Details for 476-478 Medford Street

StatusSold
MLS #71642803
Days on Market58
Taxes$6,670 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1920
CountyMiddlesex County

Location

Listing Courtesy of LAER Realty Partners / iBremis Realty, Irene Bremis

Sold By LAER Realty Partners / iBremis Realty, Irene Bremis

Add your commute

Building Information for 476-478 Medford Street

Stories7Residences4Year Built1920Building Size-Lot Size0.07 AC / 2,962 SF

Payment Calculator

$5,113 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,557

Property Taxes

$556

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 476-478 Medford Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, House of Worship
  • Current Financing: Conv. Fixed
  • Living Area: 2998.0
  • Color: brown
  • Total Units: 4
  • Property Condition: Unit 1 Remodeled, Unit 4 Remodeled
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • High School: Somerville High
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Full, Finished
  • Num of Baths: 4.0
  • Num of Full Baths: 3
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 3.50
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Unit 1(undefined), Unit 2(Wood Flooring), Unit 3(Wood Flooring)
  • Interior Features: Unit 1(Upgraded Cabinets, Bathroom With Tub & Shower), Unit 2(Walk-In Closet, Unit 3(Pantry), Unit 4(Open Floor Plan), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 4 Rooms(Office/Den
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Lot Description: Corner Lot
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(Wall AC), Unit 2(None), Unit 3(None), Unit 4(Wall AC)
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Unit 1(Hot Water Radiators, Gas), Unit 2(Hot Water Radiators, Unit 3(Hot Water Baseboard, Unit 4(Forced Air, Oil)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Tenant occupied with pets on all 3 floors. Must come to the group showings. DW not working.
Tax Information
  • Tax ID: 753457
  • Assessments: $497,000
  • Book: 13026
  • Tax Year: 2014
  • Zoning: Mixed Use
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Stone
  • Foundation Area: 832.0
  • Cooling Units: 2
  • Cooling Zones: 0
  • Heat Units: 4
  • Heat Zones: 4
Income / Expenses
  • GOI: $67,800.00
  • NOI: $67,800.00
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: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,650.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 0

Property History for 476-478 Medford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 476-478 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 - K to 5
Rating
School
Distance
Winter Hill Community School
PublicPK to 8

Somerville High School
Public9 to 12

Arthur D. Healey School
PublicPK to 8

Benjamin G. Brown School
PublicK to 5

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LAER Realty Partners / iBremis Realty, Irene Bremis

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.