
120 Jerome Street Medford — Photo 1 of 26
$1,450,000
Investment Analysis — 120 Jerome Street
Medford, MA 02155 — West Medford
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02155 carries an estimated $4,300/mo in gross rent — about a 2.04% cap rate and $29,546/yr in estimated NOI at the $1,450,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
5
SqFt
2,776
Style
Single Family
Built
1920
At the edge of West Medford, this renovated single-family home occupies a particularly connected pocket—close to the Commuter Rail, Tufts, the Mystic River, Arlington, Somerville, and the everyday conveniences of it all. Extending across three levels, 120 Jerome Street offers ample space with six bedrooms and five full bathrooms, complemented by a fenced backyard, private upper deck, and rare three-car driveway parking. Eight windows wrap the front entry, creating two seating areas before opening to an expansive living and dining area. The kitchen features quartz counters, a blue tile backsplash, and peninsula seating beneath drop-down pendants. Stainless steel appliances include a GE five-burner gas range, LG dishwasher, and two LG InstaView refrigerators. A first-floor bedroom and full bath add flexibility, while the second floor hosts three bedrooms, including two en-suite, along with a third full bathroom and two laundry closets. The primary suite overlooks the backyard and features a walk-in closet and spacious bath with a dual-sink vanity. Upstairs, two additional bedrooms share a full bath, with the rear bedroom opening directly to a private deck. Central air conditioning, in-unit laundry, and an unfinished basement with additional potential enhance the home's functionality. With Medford Square and Arlington Center nearby, along with easy access to Interstate 93, an array of shops, restaurants, and amenities are all within easy reach of 120 Jerome Street.
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 2,776 sq ft principal dwelling). Lot size: 3,940 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl FirstBedroom 3
Lvl SecondBedroom 4
Lvl SecondBedroom 5
Lvl ThirdBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Currier, Lane & Young
Listing Office: Compass
MLS® Number: 73568598
