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 four off-street parking spaces. Condominium documents are already in place, providing flexibility for future ownership strategies and streamlining a condo conversion. Excellent opportunity for investors or developers seeking strong cash flow and long-term upside in a highly desirable location.
For sale
$1,475,000
27 Princeton St, Medford, MA 02155
8beds
3,693sqft
Multi Family
Built in 1910
-- sqft lot
$1,289,800 Zestimate®
$399/sqft
$-- HOA
What's special
Private laundryPrivate deckLiving and dining areasGenerous room sizesWall-unit air conditioningFour off-street parking spacesEat-in kitchens
- 46 days |
- 248 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Thomas Macdonald 617-290-8255,
Jacob Realty, LLC 617-208-2111,
Thomas Macdonald 617-290-8255
Source: MLS PIN,MLS#: 73523617
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Features
- Living Room, Dining Room, Kitchen, Office/Den, Sunroom
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,693
- Total interior livable area: 3,693 sqft
- Finished area above ground: 3,693
Property
Parking
- Total spaces: 2
- Parking features: Off Street
- Uncovered spaces: 2
Features
- Patio & porch: Enclosed
Lot
- Size: 4,079 Square Feet
- Features: Corner Lot
Details
- Parcel number: 643887
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Block, Other
- Roof: Shingle
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, University
Location
- Region: Medford
Financial & listing details
- Price per square foot: $399/sqft
- Tax assessed value: $1,155,000
- Annual tax amount: $9,976
- Date on market: 5/25/2026
- Total actual rent: 8700
Estimated market value
$1,289,800
$1.17M - $1.42M
$4,400/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Listed for sale | $1,475,000+113.8%$399/sqft |
Source: MLS PIN #73523617 Report a problem | ||
| 5/11/2026 | Listing removed | $4,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/20/2026 | Listed for rent | $4,600+27.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/8/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/14/2022 | Listed for rent | $3,600+7.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/28/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/11/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/24/2021 | Price change | $3,300-1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/21/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/18/2021 | Price change | $3,300-1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/12/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/7/2021 | Price change | $3,300-1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/5/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/2/2021 | Price change | $3,300-1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/1/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/21/2021 | Price change | $3,300-1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/20/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/19/2021 | Price change | $3,300-1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/12/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/5/2021 | Price change | $3,300-1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/3/2021 | Price change | $3,350+1.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/27/2021 | Listed for rent | $3,300+3.1%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/21/2020 | Listing removed | $3,200$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/28/2020 | Listed for rent | $3,200-8.6%$1/sqft |
Source: oliver wahnschafft Report a problem | ||
| 5/31/2019 | Listing removed | $3,500$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/7/2014 | Sold | $690,000$187/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,563 | $1,005,100 |
| 2024 | $8,563 +1.9% | $1,005,100 +3.5% |
| 2023 | $8,401 -1.3% | $971,200 +2.8% |
| 2022 | $8,511 +7% | $944,600 +11.8% |
| 2021 | $7,951 +1.4% | $844,900 -1.1% |
| 2020 | $7,845 +5% | $854,600 +9.8% |
| 2019 | $7,472 +5.4% | $778,300 +12.4% |
| 2018 | $7,088 +6.9% | $692,200 +10.3% |
| 2017 | $6,629 +2.4% | $627,700 +8.5% |
| 2016 | $6,475 +5.6% | $578,600 +10.4% |
| 2015 | $6,130 +8.3% | $523,900 +13.4% |
| 2014 | $5,660 +6.8% | $462,000 +7.7% |
| 2013 | $5,301 +3.3% | $428,900 +0.6% |
| 2012 | $5,131 +4.5% | $426,500 +0.9% |
| 2011 | $4,908 +2.8% | $422,700 -2.8% |
| 2010 | $4,774 -0.7% | $434,800 -8.9% |
| 2009 | $4,809 -3.6% | $477,100 -12.8% |
| 2008 | $4,990 -0.1% | $547,100 -2.6% |
| 2007 | $4,993 +5% | $561,600 +7.6% |
| 2006 | $4,755 +3.4% | $522,000 +7.1% |
| 2005 | $4,598 +6.8% | $487,600 +7.4% |
| 2004 | $4,304 +10.6% | $454,000 +54.9% |
| 2003 | $3,892 +3.3% | $293,100 |
| 2002 | $3,766 +20% | $293,100 +48.6% |
| 2000 | $3,139 +2.7% | $197,200 |
| 1999 | $3,055 | $197,200 |
Find assessor info on the county website
Monthly payment
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Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 02155
Nearby schools
GreatSchools rating
- 4/10Missituk Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10John J. McGlynn Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Medford High SchoolGrades: PK,9-12Distance: 1.9 mi
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- Massachusetts
- Middlesex County
- Medford
- 02155
- 27 Princeton St
Nearby cities
Nearby zip codes
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