new - 1 day on rocket

433 Medford, Somerville, MA, 02145

$1,500,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
2 Full Baths, 2 Partial
5,318 SqFt
$282/SqFt
Multi

Location

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433 Medford, Somerville$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOther
Year Built1900
BasementYes
MLS #73325651
Lot Size0.06 Acres
StatusActive
(New)

About 433 Medford

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!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 5,318 SqFt

Listing Office:

  • Office Name: NextGen Realty, Inc.
  • Office Phone: (617) 208-2100
  • Listing Agent: Zachary Conley

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Parking: Other

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.06 Acres

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $282/SqFt
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Housing Market Comparison

See how this home compares to others in Somerville, MA.

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Somerville, MA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$637

Avg. Days On Market

43

# of Sold Homes

45

433 Medford vs Somerville

1 DAY ON ROCKET

-42 Days

$1,500,000

+$391K More

$282/SqFt

-$355 Less

KEY TAKEAWAY

This property is $391K more than the Median Sold Price and $355/SqFt less than other homes in Somerville, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73325651

Listing Office:

  • Office Name: NextGen Realty, Inc.
  • Office Phone: (617) 208-2100
  • Listing Agent: Zachary Conley

IDX Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/14/2025, 11:55:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$7,554

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2549830
4
/10

  • Columbus Elementary School

  • 37 Hicks Ave

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-2549831
7
/10

  • Benjamin G Brown

  • 201 Willow Ave

  • 0.78 miles

  • Public District Grades KG-5

school-card-donut-2549832
7
/10

  • Maria L. Baldwin

  • 85 Oxford St

  • 1.09 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,641. Typical income of Somerville, MA residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Somerville›02145›433 Medford

This home is located at 433 Medford in Somerville, MA and zip code 02145 in the Winter Hill / Magoun neighborhood. This 5,318 square foot home, which was built in 1900, sits on a 0.06 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 13, 2025 and is currently priced at $1,500,000.

Over 14 listings were sold over their listed price in December 2024 in Somerville, MA. In the same period over 25 listings were sold below the listed price and 6 listings were sold for the listed price. The number of listings in Somerville, MA decreased by 21.7% between November 2024 and December 2024. Listings spent 43 days on the market in December 2024, and had a median list price of $1,109,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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