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120 Jerome Street Medford — Photo 1 of 26

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$1,450,000
Annual Taxes$9,670.04

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Hardwood
BasementFull, Unfinished

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
Zoningres

Property & Lot

Acres0.09
SqFt Lot3,940
Lot FeaturesLevel

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

Third
Bedroom 5
Second
Master BedroomBedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBedroom 2Bathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl First
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Bedroom 5
Lvl Third
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Bathroom 3
Lvl Second
Listing Provided By

Listing Agent: Currier, Lane & Young

Listing Office: Compass

MLS® Number: 73568598