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    31 Wareham St Medford, MA 02155

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    For Sale
    $1,699,999

    Four-unit property near Tufts, fully rented with upside potential.

    Lot size:
    0.22 Acres

    Property Features for 31 Wareham St

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1921

    Source: Barnard Real Estate Advisors, LLC Agent Christopher L. Barnard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tufts University Area Multifamily Residence

    This four-family residence is located on the Medford/Somerville Line near Tufts University. The property includes three one-bedroom units and one remodeled two-bedroom apartment with two full bathrooms. A three-car garage and off-street parking are included. The property is fully rented and presents potential for condo conversion. It is located near the new MBTA Ball Square Green Line T station, Tufts University, and the shops and restaurants of Medford, Ball Square, and Davis Square in Somerville. Recent improvements completed in 2025 include a newly paved driveway and new vinyl fencing. The property is located in a high-demand area with a proven rental history and may offer the opportunity to capitalize on bonus depreciation with a cost segregation study. This property has been family-owned for over 75 years and is a stabilized asset.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1092938
    Latitude
    42.4039836

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near Tufts, fully rented with upside potential.
    Where is this quadplex located?
    The property is located at 31 Wareham St Medford, MA.
    What is the asking price?
    The asking price for this property is $1,699,999.
    What are key features of this property?
    This property features: - Prime location near Tufts University, the new MBTA Ball Square Green Line T station, and the shops/restaurants of Medford, Ball Square & Davis Square.; - Fully rented, stabilized 4-family building with substantial upside potential.; - Remodeled 2-bedroom, 2-full-bath apartment plus three 1-bedroom units.
    (781) 953-9713
    Request Owner's contact information
    31 Wareham St Medford, MA 02155
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    Medford, MA 02155
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31 Wareham St Medford, MA 02155
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