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433 Medford, Somerville MA 02145 – 8 bed 4 bath For Sale – 73325651

$ 1,500,000
433 Medford, Somerville MA 02145,

Overview

  • Updated On:
  • March 12, 2025
  • listingid
  • 73325651
  • 8 Bedrooms
  • 3 Bathrooms
  • 0 Garage Spaces
  • 0 Non-Garage Parking Spaces
  • 1900

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 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!

This property is listed by Zachary Conley from NextGen Realty, Inc.

Property Listing Details

Overview

MLS Status
Price $ 1,500,000
Living Area 5,318.00 ft2
Bedrooms 8
Total Rooms 18
Listing MLS ID 73325651
Days on Market 57
Bathrooms 3

Unit Information

Bedrooms 8
Full Bathrooms 2
Half Bathrooms 2
Cooling
Heating
Uncovered Parking 0
Garage Parking 0
Water View No
Unit Level
Common Walls
Laundry Features
Lead Paint Unknown
Outdoor Space Available
Living Area Includes Basement Full
Patio And Porch Features Porch,Enclosed
Parking Features Other
Waterview Features
Flooring Wood

Building Information

Building Name
Units in Building 4
Pets Allowed
Association Amenities
Pool Features
Waterfront Features
Association Fee Includes
Construction Materials Frame
Year Built 1900
Security Features
Sewer Public Sewer
Spa Features
Structure Type
Water Source Public
Basement Full
Roof Shingle

Additional Details

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
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.
Last Updated 2025-03-12T04:14:00.000Z
Building Area Source Public Records
MLS PIN Page
Parcel Number 754758
Original List Price 1500000
Listing Office nextgen realty, inc.
Tax Annual Amount 0
Tax Assessed Value 1418300
Tax Book Number 76910
Tax Year 2024
Year Built Details Approximate
Year Built Source Public Records
Zoning Mixed use
Listing Agent zachary conley

Property Address

Address: 433 Medford, Somerville MA 02145
State/County:
Zip: 02145
Country: US

Amenities and Features

Other Features
Other

Payment Calculator

$ 8,594.61
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 7,194.61

Map

Transport
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Schools
Restaurants
Pharmacies
Hospitals

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433 Medford, Somerville MA 02145 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

Property Details

433 Medford, Somerville MA 02145 – 8 bed 4 bath For Sale – 73325651

$ 1,500,000

Status:

433 Medford, Somerville MA 02145, , , 02145

Country: US

Property Overview

MLS #: 73325651

Type: /

Action:

Year Built: 1900 (Approximate, Source: Public Records, Effective: )

Living Area: 5,318.00 ft2 (Total: 5318 Square Feet, Source: Public Records)

Lot Size: 0.06 ft2 (Area: 0.06 Acres, SqFt: 2584)

Total Rooms: 18

Condition:

Availability:

Building Name:

Interior Features

Bedrooms: 8 (Main Level: )

Bathrooms: Total: 3 (Full: 2, Half: 2, Decimal: 3, Main Level: )

Basement: Full

Fireplaces: 0 ()

Flooring: Wood

Laundry:

Window Features:

Door Features:

Accessibility:

Entry: Level , Location:

Other Equipment:

Construction & Design

Style:

Materials: Frame

Foundation: Other (Area: )

Roof: Shingle

Stories: 7 (7)

Common Walls:

Body Type:

Utilities & Green Features

Heating:

Cooling:

Water Source: Public

Sewer: Public Sewer ()

Utilities: for Gas Range

Electric: 110 Volts,Other (See Remarks) (Expense: 0)

Gas:

Energy Certificate:

Green Energy Efficient:

Green Energy Generation:

Green Indoor Air Quality:

Green Water Conservation:

Insulation:

Exterior & Lot Features

Garage Spaces: 0

Covered Spaces: 0

Parking Total: 0

Parking Features: Other

Pool:

Spa:

Patio/Porch: Porch,Enclosed

Fencing:

Lot Features: Other

View: (, Waterview Y/N: No)

Waterfront:

Road Frontage: Public ()

Road Surface:

Road Responsibility:

Other Structures:

Horse Amenities:

Wooded Area:

Pasture Area:

Cultivated Area:

Additional Parcels: (Number: )

Outdoor Space:

Community & Association

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

Association Fee: ()

Fee Includes:

Association Amenities:

Pets Allowed:

Schools: E: , M: , H:

Zoning: Mixed use ()

MLS Area: Major: , Minor:

Management:

Optional Fee: (Includes: )

Property 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 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!

Room Details

Living Room (): x ( sqft) - Features:

Dining Room (): x ( sqft) - Features:

Kitchen (): x ( sqft) - Features:

Master Bedroom (): x ( sqft) - Features:

Master Bathroom: Features:

Laundry Dimensions:

Multi-Unit Information (if applicable)

Total Units: 4

Units Owner Occupied:

Unit 1: Beds: 4, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2800, Lease: N

Unit 2: Beds: 4, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 4000, Lease: N

Unit 3: Beds: 0, Full Baths: 0, Half Baths: 1, Levels: 1, Rent: 1850, Lease: N

Unit 4: Beds: 0, Full Baths: 0, Half Baths: 1, Levels: 1, Rent: 1900, Lease:

Complex Complete:

Unit Building:

Financial & Lease Information

Tax Annual Amount: 0 (Year: 2024)

Tax Assessed Value: 1418300

Tax Block/Lot/Book/Map: / / 76910 /

Parcel Number: 754758

Special Licenses:

Current Financing:

Gross Income: 128100 (Scheduled: 0)

Net Operating Income: 126600

Operating Expense: (Water/Sewer: , Insurance: )

Financial Data Source: Other (See Remarks)

APOD Available: No

Tenant Pays:

Rent Includes:

Total Actual Rent: 10550

Lease Term: (Existing Type: )

Deposit Required: (Security: , First Month: , Last Month: )

Insurance Required:

References Required:

Listing & Agent Information

Listing Agent: Zachary Conley (MLS ID: CN204645) / Team: CN251265

Listing Office: NextGen Realty, Inc. (MLS ID: BB9279)

Agent (Property):

Buyer Agent MLS ID:

Buyer Office MLS ID:

Listing Agreement: Exclusive Right To Sell

Listing Contract Date: 2025-01-13

Expiration Date: 1900-01-01

Original List Price: 1500000

Price Per SqFt (List): 282.06

Market Time (Property): 57 (Broker: 57, Prev Broker: 0, Prev Property: 0)

MLS Status: Under Agreement

Possession:

Directions: GPS

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., N

Lead Paint: Unknown

Title 5:

Exclusions:

Contingency: Pending P&S

Special Listing Conditions:

Lender Owned:

Short Sale Lender Approval Required:

Home Warranty Y/N:

Documents Available: (Count: )

Showings Deferral Date:

Open House Flag: 1

Listing Alert: No

Square Feet Disclosures: (Incl. Base: No, Other: )

Master Book/Page: / (Page: 390)

Sale Information (if applicable)

Close Date:

Close Price:

Price Per SqFt (Sold):

Anticipated Sold Date: 2025-04-30T04:00:00.000Z

Concessions Amount:

Purchase Contract Date: 2025-03-03

Sold vs Rent:

System Information

Property ID: 1606749

Modification Timestamp: 2025-03-12T04:14:00.000Z

Bridge Modification Timestamp: 2025-03-12T04:19:17.964Z

Original Entry Timestamp: 2025-01-13T19:23:00.000Z

Status Change Timestamp: 2025-03-12T04:14:00.000Z

Off Market Date: 2025-03-12

Development Status:

Business Type:

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