387-389 Main St, Medford MA 02155

Medford, MA 02155
$1,030,000
Est. $5,482/month
5
Beds
2.5
Baths
3,024
Sq Ft
$341
Price/Sq Ft
0.11
Acres
1890
Year Built
Multi Family
Type
114
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73293100

About this home

This rare and versatile property offers endless opportunities for investors and business owners alike. Perfectly positioned less than a mile from the Tufts Green Line stop and Route 93, this prime location has unparalleled access to local amenities, public transportation, and major highways. The office provides the flexibility to either operate your business or lease out the space for additional income. It has an open plan and includes an additional private meeting room with a convenient half bathroom. Both residential units have large eat in kitchens and a living room. The first residential unit features single level living with 2 beds and 1 bath and the second unit has 3 beds and 1 bath. Whether you're looking to supplement your business with rental income or expand your investment portfolio, this is the perfect property to achieve your goals. Property is zoned C-1 and allows for a variety of uses and opportunities.

Sale Statistics

Sale Overview
Original List Price: $1,195,000
Final Sale Price: $1,030,000
Difference: $165,000 (-13.8%)
Performance Metrics
86.2%
List to Sale Ratio
Sold below asking price
114
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $395
Sale $/sq ft: $341
This property sold for $341 per square foot
Sale Summary

This property sold for 13.8% below the original asking price.

At 114 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1890
Bedrooms
5
Full Bathrooms
2
Half Bathrooms
1
Living Area
3,024 sq ft
Total Rooms
11
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile, Hardwood, Parquet, Carpet
Heating
Baseboard, Natural Gas, Forced Air
Has Heating
Yes
Has Fireplace
No
Appliances
Washer, Dryer, Range, Dishwasher, Refrigerator, None
Interior Features
Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Concrete, Unfinished

Exterior & Structure

Construction Materials
Frame, Brick
Roof
Shingle, Rubber
Foundation
Stone, Brick/Mortar
Exterior Features
Rain Gutters
Patio/Porch Features
Patio
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,843 sq ft
Lot Size Area
0.1100
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Shared Driveway, Off Street, Paved

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
220 Volts, Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Highway Access, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,394
Tax Year
2024
Tax Assessed Value
$750,500
Parcel Number
M:V09 B:0038
Zoning
C-1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Listing agent is related to seller. Being sold As-Is. Units are vacant.
Exclusions
Electric Fireplace On 3rd Floor Is Included.

Location

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Neighborhood

387-389 Main St, Medford MA 02155

Medford, MA 02155

Walkability

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Schools

Elementary School
Missituk
Rating information coming soon
Middle School
Mcglynn/Andrews
Rating information coming soon
High School
Medford High
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $533
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.4%
Price Range
115
Total Days on Market

Property Timeline

Sold
Feb 28, 2025
$1,030,000
Property sold
Days on Market: 115
🏠
Listed for Sale
Sep 20, 2024
$1,100,000
Original listing
Agent: Steve McKenna & The Home Advantage Team Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Sep 20, 2024 New Listing Added $1,100,000

Market Statistics

Days on Market
114 days
Price per Sq Ft
$341

Tax History

Year Taxes Assessment
2024 $6,394 $750,500

Financial Details

Annual Property Tax
$6,394
Tax Year 2024
Assessed Value
$750,500

Listing Information

Listing Agent Steve McKenna & The Home Advantage Team
Listing Office Gibson Sotheby's International Realty
Agent MLS ID TM336360
Office MLS ID AN6101

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