Riverside Towers

Overview

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Discover the comfort and convenience of Riverside Towers, a prominent high-rise community in the heart of Medford. This residential gem offers a blend of modern living spaces with a wide array of amenities designed to enhance your lifestyle. Whether you are looking for a cozy one-bedroom apartment or a more spacious two-bedroom layout, Riverside Towers caters to diverse needs and preferences, ensuring a perfect match for every resident.

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Residents of Riverside Towers enjoy the advantage of living in a prime location, with easy access to historic Medford Square. The area is renowned for its rich history, vibrant community, and an abundance of local attractions. From dining and shopping to entertainment and outdoor activities, everything you need is just moments away. The community itself is surrounded by scenic tree-lined streets and wooded areas, providing a peaceful and serene environment that feels like an escape from the hustle and bustle of city life.

The commitment to providing a high-quality living experience is evident in the thoughtful design and maintenance of the property. Each apartment boasts features that combine comfort with convenience, while the community amenities offer spaces for relaxation, fitness, and socializing. Riverside Towers is not just a place to live; it’s a place to call home, where every detail is geared towards creating a welcoming and inclusive atmosphere for all residents and their guests.

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Amenities and Features

Spacious 1 and 2 bedroom floorplans
Variety of modern amenities
Convenient location near historic Medford Square
Surrounded by scenic tree-lined streets and wooded areas
Attached patio in select units
High-rise building with appealing architectural design
HUD Project Based Section 8 community

Sources

Riverside Towers Location

Address: 99 Riverside Ave Ste 1, Medford, MA 02155

Phone: 781-395-9196

Website: https://www.schochet.com/Portfolio/agentType/View/PropertyID/18/Riverside-Towers

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About Medford, Massachusetts

Medford, a city located in the state of Massachusetts (MA), is home to a population of approximately 61,748 people. Medford boasts a median age of 35.4, with around 20.9% of its residents aged 60 or above. 3.7% of the population identifies as US Veterans. 8.6% of Medford residents are disabled. The city has an average household income of $114,863, while the unemployment rate stands at 4.2%, and around 7.4% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Medford is $670,254, with a monthly rent averaging $2,305.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.