
621 High St Medford — Photo 1 of 38
$1,195,000
Investment Analysis — 621 High 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 4-bedroom in 02155 carries an estimated $4,300/mo in gross rent — about a 2.63% cap rate and $31,375/yr in estimated NOI at the $1,195,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,480
Style
Single Family
Built
1890
This thoughtfully remodeled four-bedroom home combines spacious, flexible living with warmth and character. A 2016 renovation transformed the house, creating bright, flowing spaces designed for modern living. The kitchen is the heart of the home, featuring stainless-steel appliances, marble countertops, a generous peninsula, and hardwood floors. The adjacent dining room fills with beautiful natural light, especially in the fall and winter months, creating an inviting setting for meals and gatherings. Four generously sized bedrooms occupy the second floor, with privacy and ample closet space throughout. The lower level, previously operated as a successful Airbnb, has its own dedicated entrance and offers exceptional flexibility as a guest space, playroom, games room, home office, or additional living area. Three full bathrooms—one on each floor—provide convenience throughout the home. The outdoor space comes alive in spring, with cherry blossoms and apple trees blooming in the back while yellow forsythia and tulips brighten the front. The fenced yard offers lawn space for relaxing and recreation, mature trees for summer shade, and a patio and fire pit with outdoor lighting for enjoying the space throughout the shorter winter days. The back deck is ideal for morning coffee, cookouts, and al fresco dining. A detached two-car garage and additional off-street parking provide ample parking for residents and guests. The location is exceptional. The Mystic Lakes are just moments away, with a beautiful walking and jogging path connecting to Shannon Beach and the Medford Boat Club. Commuter rail access to Boston is conveniently nearby, while parks, playgrounds, and quiet side streets add to the appeal of this established neighborhood. It’s the kind of close-knit community where neighbors look out for one another.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,480 sq ft principal dwelling). Lot size: 7,307 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First23 x 16
Flooring - Hardwood
Dining Room
Lvl First12 x 12
Flooring - Hardwood
Kitchen
Lvl First17 x 11
Flooring - Hardwood
Office
Lvl FirstFlooring - Hardwood
Family Room
Lvl Basement25 x 20
Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Second15 x 13
Flooring - Hardwood
Bedroom 2
Lvl Second11 x 9
Bedroom 3
Lvl Second13 x 10
Flooring - Hardwood
Bedroom 4
Lvl Second14 x 11
Flooring - Hardwood
Bathroom 1
Lvl SecondBathroom 2
Lvl FirstBathroom 3
Lvl BasementListing Agent: John Takvorian
Listing Office: Leading Edge Real Estate
MLS® Number: 73567156