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15 Draper St Medford — Photo 1 of 37

15 Draper St Medford — Photo 1 of 37

$700,000

Investment Analysis — 15 Draper St

Medford, MA 02155 — Fulton Heights

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 3.49% cap rate and $24,450/yr in estimated NOI at the $700,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1.5

SqFt

1,439

Style

Single Family

Built

1905

Picture living in this charming 2 bed, 1.5 bath colonial with a first floor office/bonus room, a large enclosed front porch, AND a partially finished basement! Located on a quiet tree lined street in the desirable Fulton Heights neighborhood which features abundant outdoor access, and a plethora of options for restaurants and shopping a short distance away. Greet each morning with a cup of coffee on your enclosed front porch or by harvesting raspberries right off the bush in your backyard. Spend your weekends entertaining on the first floor whether a cozy movie night in your living room, classy dinner party, or a BBQ on your massive back deck. Sleep soundly on the second floor in your large main bedroom with two closets knowing the second bedroom and full bathroom are just outside your door. Dream of the possibilities for the refreshed finished space in your basement with plenty of room for storage in the unfinished portion. There is even potential to add ~700 sqft of grassy green space to the back yard with the removal of a few bushes! Amazing opportunities to get outdoors being 0.4 miles to the newly renovated Carr Park, and less than 1 mile to the Middlesex Fells Reservation and the Wright's Pond resident only beach. Plenty of food and fun within 1 mile including the shops and restaurants on Salem St and Flynn Rink, and under 1.5 miles to lively Medford Center. Wicked easy 93 N/S access and only 7 miles to downtown Boston. Features include beautifully refinished hardwood floors, six ductless mini-splits with heat and AC (2017), seller owned solar panels (2015), tankless hot water (2017) plus MassSave weatherization and insulation (2024) AND a certified treated lead paint status (2020)! No showings prior to the Saturday Open House. Offer deadline Monday 9/14 at 4 PM

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: 720 sq ft (the lesser of 900 sq ft or half the 1,439 sq ft principal dwelling). Lot size: 3,773 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$700,000
Annual Taxes$5,190

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Tile, Flooring - Hardwood, Flooring - Vinyl
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingHeat Pump, Ductless
CoolingHeat Pump, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningSF2

Property & Lot

Acres0.09
SqFt Lot3,773
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 2
Main,First
Living RoomDining RoomKitchenBathroom 1
Main
Office
Living Room
Lvl Main,First

Ceiling Fan(s), Flooring - Hardwood, Cable Hookup, Exterior Access, High Speed Internet Hookup, Lighting - Overhead

Dining Room
Lvl Main,First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Pendant

Kitchen
Lvl Main,First

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Deck - Exterior, Exterior Access, Recessed Lighting, Gas Stove, Lighting - Overhead

Office
Lvl Main

Flooring - Hardwood, Lighting - Overhead

Master Bedroom
Lvl Second

Closet, Flooring - Hardwood, Lighting - Overhead, Closet - Double

Bedroom 2
Lvl Second
Bathroom 1
Lvl Main,First

Bathroom - Half, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Lighting - Overhead, Pedestal Sink

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Overhead

Listing Provided By

Listing Agent: Corey Mcintire

Listing Office: Metropolitan Boston Real Estate, LLC

MLS® Number: 73574880