17 Sharon St Medford — Photo 1 of 14
$950,000
Investment Analysis — 17 Sharon St
Medford, MA 02155 — West Medford
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02155 carries an estimated $2,610/mo in gross rent — about a 1.91% cap rate and $18,101/yr in estimated NOI at the $950,000 list price. Adjust every assumption in the calculator below.
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Potential two unit development. Rare opportunity in the heart of West Medford! This traditional Colonial, set on a large private lot, offers exceptional potential for developers, investors, or buyers with vision. Currently zoned GR, the property presents the strong possibility for 2 units with street frontage on both Sharon and Sherman Streets. Historic Commission approval for removal has already been obtained by the owners but is not transferrable. However, the new owner may reapply. Ideally located with easy access to Cambridge, Boston, and Tufts University, while also convenient to the MBTA Commuter Rail with direct access to North Station. Enjoy nearby shops, restaurants, and the vibrant West Medford neighborhood. Whether restoring the existing home or pursuing redevelopment, this is a unique opportunity in a prime location.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Bike Path • Private School
Geography
Property History
$950,000
Aug 16, 2026
MLS® 73520789
$950,000
Jun 28, 2026
MLS® 73542764
$950,000
May 18, 2026
MLS® 73520789
Listing Agent: Steve Mckenna & The Home Advantage Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73542764