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Stunning Tufts University residence situated on the Medford/Somerville Line. A sturdy 4-family building, complemented by a 3-car garage with off-street parking, awaits its new owner. This property has been cherished by a family for over 75 years.This home comprises 3, one-bedroom units plus a chic, remodeled 2-bedroom, 2-full-bath apartment. Its prime location is a significant draw, offering easy access to the New MBTA Ball Square Green Line T station, Tufts U, and the Trendy shops and restaurants of Medford, Ball Square & Davis Square, Somerville.This FULLY RENTED, stabilized asset presents substantial upside potential. It also holds the possibility for a condo conversion. Recent improvements in 2025 include a newly paved driveway valued at over $20K and new vinyl fencing. Located in a high-demand area with a proven rental history, this property offers a unique opportunity to possibly capitalize on the 100% Bonus Depreciation available under the new tax laws with a cost seg study.
Current real estate data for Multi Family in Medford as of Oct 07, 2025
20
Multi Family Listed
42
Avg DOM
486
Avg $ / SqFt
$1,433,610
Avg List Price

Property Details

Price:
$1,699,999
MLS #:
73434734
Status:
Active Under Contract
Beds:
6
Baths:
5
Type:
Multi Family
Subtype:
4 Family
Neighborhood:
tuftsuniversity
Listed Date:
Sep 24, 2025
Finished Sq Ft:
3,212
Total Sq Ft:
3,212
Lot Size:
9,750 sqft / 0.22 acres (approx)
Year Built:
1921
Units:
4
PoolTennisTufts UniversityTuftsuniversityAsk CityAsk CityMedford High

Schools

Elementary School:
Ask City
Middle School:
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High School:
Medford High

Interior

Appliances
Washer, Dryer, Range, Refrigerator, Dishwasher, Microwave
Bathrooms
5 Full Bathrooms
Cooling
None, Wall Unit(s)
Flooring
Varies, Hardwood, Tile
Heating
Baseboard, Oil, Common, Unit Control

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Paved Drive, Off Street, On Street, Paved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$75,538
Tax Year
2025
Taxes
$11,151

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Property Summary

    31 Wareham St Medford MA is a Multi Family for sale in Medford, MA, 02155. It is listed for $1,699,999 To schedule a showing of MLS#73434734 at 31 Wareham St in Medford, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
31 Wareham St
Medford, MA