Multi-Family for Sale: 387-389 Main St, Medford, MA 02155

5 beds
2 full, 1 half baths
3,024 sqft
$1,145,000
$1,145,000
387-389 Main St, Medford, MA 02155
5 beds
2 full, 1 half baths
3,024 sqft
$1,145,000
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Price:
$1,145,000
$50,000 - 11/14/2024

Type Multi-Family
Beds 5
Total Baths 2 full, 1 half baths
Square Feet 3,024 sqft
Lot Size 0.11 acres
Year Built 1890

City Medford
County Middlesex

MLS 73293100
Status Active
DOM 64 days
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.

Lot & Building Features

Appliances Dishwasher, Washer, Refrigerator, Range, None, Dryer
Construction Brick, Frame
Heating Baseboard, Natural Gas, Forced Air
Sewer Public Sewer
Tax Year 2024
Taxes Paid $6,394
Water Public
Foundation Brick/Mortar, Stone
Exterior Features Rain Gutters
Interior Features Bathroom With Tub & Shower, Office/Den, Living Room, Kitchen
Roof Rubber, Shingle
Full Baths 2
Half Baths 1
Parking Off Street, Shared Driveway, Paved
Total Rooms 11
Basement Feature Concrete, Unfinished, Interior Entry, Full
Garage Spaces 0

Community and Schools

Elementary School Missituk
Junior High School Mcglynn/Andrews
Senior High School Medford High

Price History of 387-389 Main St, Medford, MA

Date Name Price Difference
11/14/2024 Price Adjustment $1,145,000 4.18%
09/20/2024 Listing Price $1,195,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$900,000
$292 / sqft
Average
$1,136,200
$378 / sqft
High
$1,380,000
$433 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Medford 02155 5 2.5 $1,145,000 3,024 $379 N/A
6 Macarthur Street Somerville 02145 5 2.0 $985,000 2,949 $334 11/20/2023
22 Sargent Ave Somerville 02145 6 3.0 $1,217,995 2,987 $408 02/08/2024
10-12 Newcomb St Medford 02155 4 3.5 $900,000 3,080 $292 02/06/2024
55-57 Presley St Malden 02148 6 3.0 $1,030,000 3,093 $333 01/31/2024
14 Wisconsin Ave. Somerville 02145 5 2.0 $1,165,000 2,867 $406 07/01/2024
10-12 Norcross Cir Arlington 02474 6 3.0 $1,200,000 3,217 $373 06/04/2024
11 Stearns Ave Medford 02155 5 2.0 $1,140,000 2,843 $401 06/07/2024
17-19 Canal St Medford 02155 5 3.0 $1,150,000 3,024 $380 06/26/2024
848-850 Fellsway Medford 02155 6 3.0 $1,270,000 3,000 $423 06/27/2024
57 Clark St Medford 02155 5 2.0 $1,300,000 2,912 $446 06/17/2024
186-188 Central Ave Medford 02155 5 2.5 $1,000,000 3,073 $325 06/14/2024
151 4th St Medford 02155 5 2.5 $1,165,000 3,000 $388 07/24/2024
200 Broadway Somerville 02145 6 2.5 $1,065,000 2,854 $373 07/16/2024
28-30 Early Ave Medford 02155 5 2.0 $1,075,000 2,980 $361 09/10/2024
428 Main St Medford 02155 5 3.0 $1,380,000 3,185 $433 09/06/2024

Map of 387-389 Main St, Medford, MA

Location Map Street View
Photo of Wayne Bailey
Direct: 603-765-3564
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Gibson Sotheby's International Realty, Steve McKenna & The Home Advantage Team
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387-389 Main St (MLS #73293100) is a multi-family listing located in Medford, MA. This multi-family listing is 3,024 sqft and on a lot of 4,843 sqft (or 0.11 acres) with 5 bedrooms, 2.5 baths and is 134 years old. This property was listed on 09/20/2024 and has been priced for sale at $1,145,000.

The 5 bedroom multi-family listing at 428 Main St in Medford is nearby and sold for $1,380,000 on 09/06/2024. Another nearby 5 bedroom multi-family listing, 11 Stearns Ave in Medford sold for $1,140,000 on 06/07/2024.

Nearby zip codes are 02140, 02141, 02143, 02144 and 02145. This property neighbors other cities such as Cambridge and Somerville.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Gibson Sotheby's International Realty

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.