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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 3,693 sqft |
| Lot size | 4,079 sqft |
| Year built | 1910 |
| Price / sqft | $399 |
| County | Middlesex |
| MLS # | 73523617 |
Listing status
| Days on market | 12 days |
| Listed on | May 25, 2026 |
Taxes & financials
| Annual property tax | $9,976 |
| Tax year | 2025 |
| Assessed value | $1,155,000 |
| Zoning | R2 |
| Gross income (actual) | $104,400/yr |
| Net operating income (actual) | $104,400/yr |
| Total actual rent | $8,700/mo |
Building & lot
| Stories | 3 |
| Total rooms | 16 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Off Street |
| Basement | Unfinished |
| Foundation | Block, Other |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer |
Location
More about investing in Medford →
Listing courtesy of Jacob Realty, LLC — Thomas Macdonald. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 27 Princeton St, Medford MA 02155 have?
It is a 2-unit multi-family property with 3,693 sqft of living area, built in 1910.
How long has 27 Princeton St, Medford MA 02155 been on the market?
27 Princeton St, Medford MA 02155 has been listed for 12 days (since May 25, 2026).
What is the estimated cap rate on this 2-family in Medford?
Based on area median rents, the estimated cap rate is about 3.0%, with a Signal Score of 59/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,475,000 across 2 units, that works out to roughly $737,500 per unit.
What are the property taxes on 27 Princeton St, Medford MA 02155?
Annual property taxes are $9,976 (2025), on an assessed value of $1,155,000.
What is the price per square foot?
At $1,475,000 for 3,693 sqft, that's about $399 per square foot.
Is there parking?
2 total parking spaces (off street).
Where is this property located?
27 Princeton St, Medford MA 02155 is in Medford, Middlesex County, MA 02155.
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