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You are here:
Home Massachusetts Medford Multi-Family Homes for Sale

17-19 Canal St Medford, MA 02155
21 Days on Boston Pads
41 Photos
$1,199,000
3 Unit
5 Beds
3 Baths
3024 SQFT
0.18 Acre
17-19 Canal St
Medford, MA 02155
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Property Description

Large Mansard-style 3-family property situated in the sought-after West Medford area. The 1st floor features a 2-bed unit with a dining room, while the 2nd floor offers another 2-bed unit with dining room + office space. The 3rd floor contains a 1-bed unit. The spacious basement is equipped with separate heating, hot water, & electric systems for each unit, reducing the landlord's expenses. The property is fully tenanted, with lease renewals scheduled for mid-2024. It rests on a sizable lot with plenty of parking for each unit, making it suitable for future condo conversion. The property generates a gross monthly income of $6,150, with potential for growth. This location is a commuter's dream, situated just 0.2 miles from the West Medford commuter rail station & offering easy access to commuter routes such as I-93, Route 2, and Route 16, as well as numerous bus stops. The property provides convenient access to Tufts University, Whole Foods, & a variety of shops & restaurants!
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Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room, Mudroom, Sunroom
  • Common Interior Features: Bathroom with Shower Stall, Ceiling Fans, Pantry
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 73800
  • Gross Expenses: 2375
  • Water/Sewer: 2375
  • Net Operating Income: 71425

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73230648
  • Last Updated: 05/14/24
  • Terms: Contract for Deed, Other (See Remarks), Rent w/Option, Special

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/04/2024Active$1,199,000$396MLSPIN
04/30/2024New$1,199,000$396MLSPIN

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Seller's Representative: Ramsay and Company, Leading Edge Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2024-05-14 11:00:00

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