243 Mystic Ave Medford — Photo 1 of 6
$1,695,000
Investment Analysis — 243 Mystic Ave
Medford, MA 02155
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 0.64% cap rate and $10,844/yr in estimated NOI at the $1,695,000 list price. Adjust every assumption in the calculator below.
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Positioned along Medford’s evolving Mystic Avenue corridor, 243 Mystic Ave offers an 8,276± SF commercial site with visibility, flexibility, and long-term redevelopment potential. This corridor is gaining attention as Medford continues to evaluate zoning updates, transit-oriented growth, mixed-use opportunities, housing needs, and commercial revitalization in key gateway areas. The site benefits from convenient access to I-93, Route 16/Revere Beach Parkway, Fellsway/Route 28, Wellington Circle, Somerville, Everett, Boston, and the inner north suburbs. Nearby public transit adds value with service along Mystic Avenue and Wellington Station offering Orange Line access plus multiple bus connections. Potential uses may include retail, office, contractor, service, light industrial, owner-user occupancy, investment hold, or future mixed-use redevelopment. Buyer to perform all zoning, permitting, environmental, utility, access, and redevelopment due diligence.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Charles River Properties Group
Listing Office: Coldwell Banker Realty - Lexington
MLS® Number: 73545016