68 Central Ave #304 Medford — Photo 1 of 34
Recent Drop: $46,000
$629,000
Investment Analysis — 68 Central Ave #304
Medford, MA 02155
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02155 carries an estimated $3,250/mo in gross rent — about a 2.48% cap rate and $15,588/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,198
Style
Condominium
Built
1899
Sun-filled corner unit at The Residences at Franklin School—2BR/2BA with TWO assigned parking spaces and a deeded extra storage unit, in a professionally managed, elevator building. Split-bedroom layout for privacy; open living area with high ceilings, oversized windows, and original hardwood throughout. Kitchen with granite counters, breakfast bar, stainless appliances, and gas stove. In-unit laundry and central heat + A/C. Solid brick construction keeps it quiet and comfortable in every season. Set on a quiet, tree-lined street yet minutes to I-93 and the 2,500-acre Middlesex Fells Reservation for hiking and trails. The monthly fee is all-inclusive; a portion currently funds a temporary building-improvement loan expected to be retired in the coming years, after which fees should step down (see Remarks). Originally an 1899 schoolhouse, fully converted in 2006 to 20 residences, a PRISM Award-winning conversion. Close to Assembly Row, Wegmans, and Wellington Orange Line.
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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Picture, Recessed Lighting
Dining Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Picture, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Main,FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove
Primary Bedroom
Lvl Main,FirstBathroom - Full, Closet, Flooring - Hardwood, Window(s) - Picture, Closet - Double
Bedroom 2
Lvl Main,FirstBathroom 1
Lvl FirstBathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$629,000
Was $675,000
Jul 8, 2026
MLS® 73526200
$675,000
May 28, 2026
MLS® 73526200
$670,000
May 20, 2026
MLS® 73489162
$670,000
Mar 19, 2026
MLS® 73489162
$409,000
Jul 26, 2010
MLS® 71100900
$409,000
Jun 24, 2010
MLS® 71100900
Listing Agent: Alina Wang Team
Listing Office: Coldwell Banker Realty - Lexington
MLS® Number: 73526200