
297 Main St #3 Medford — Photo 1 of 27
Recent Drop: $29,000
$339,000
297 Main St #3, Medford, MA 02155
Medford, MA 02155
Beds
1
Baths
1
SqFt
596
Style
Condominium
Built
1971
Investor-ready opportunity in a prime Medford location. Including parking, a key advantage for long-term tenant appeal and value. Fully leased at $2,120/month through 5/31/27, this well-maintained 1 bed condo delivers immediate cash flow with a strong rental history and attractive cap rate in a solid brick building. The unit offers an open, flexible layout with high ceilings, an updated kitchen with newer appliances, and generous storage both in-unit and additional. Comfortable room sizes and a clean, well-kept interior create strong rental appeal. Laundry conveniently located across the hall. Positioned near Medford Center, Tufts, Davis Square, shopping, restaurants, and major commuter routes into Boston. Clean, turnkey asset that fits seamlessly into a 1031 exchange or long-term hold strategy with proven, consistent performance.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Medford, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator
Neighborhood
Public Transportation • Shopping • T-Station • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstProperty History
$339,000
Was $368,000
Jun 29, 2026
MLS® 73491586
$368,000
Mar 25, 2026
MLS® 73491586
$349,000
Sep 12, 2025
MLS® 73344804
$388,000
Jul 18, 2025
MLS® 73291797
$349,000
Mar 12, 2025
MLS® 73344804
$388,000
Sep 18, 2024
MLS® 73291797
Population
61,730
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$130K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
46.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Chuck Silverston Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73491586
Related Insights

Medford Down Payment Help: NSC Forgivable Loan

2026 Medford Tax Bill: The $8.63 Rate Explained
Medford Squares: Transit Trade-Offs for Buyers

Medford's July Market Split: Condos vs. Houses

Escaping Medford’s 22% Rent Spike: A Smart May Checklist for Cautious Buyers

Massachusetts Down Payment Help: Your August Plan
Boston Office Slump: Massachusetts Tax Risk

June's Million-Dollar Map: Where $1M Is a Starter Home vs. a
Browse More Homes in Medford
Explore other active listings in the area.
$375,00050 Water St Unit 47Medford, MA1 bd1 ba634 sqft
$699,00059 Court St Unit 2Medford, MA3 bd2 ba1,462 sqft
$499,000289 Elm St Unit 15Medford, MA2 bd2 ba1,171 sqft
$495,0008 Ninth Street Unit 102Medford, MA2 bd2 ba1,054 sqft
$925,0008 Leyden Ave Unit 8Medford, MA3 bd2 ba1,793 sqft
$899,900179 Main St Unit 1Medford, MA3 bd3 ba2,028 sqft