
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,FirstCeiling Fan(s), Flooring - Hardwood, Cable Hookup, Exterior Access, High Speed Internet Hookup, Lighting - Overhead
Dining Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Pendant
Kitchen
Lvl Main,FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Deck - Exterior, Exterior Access, Recessed Lighting, Gas Stove, Lighting - Overhead
Office
Lvl MainFlooring - Hardwood, Lighting - Overhead
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood, Lighting - Overhead, Closet - Double
Bedroom 2
Lvl SecondBathroom 1
Lvl Main,FirstBathroom - Half, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Lighting - Overhead, Pedestal Sink
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Overhead
Listing Agent: Corey Mcintire
Listing Office: Metropolitan Boston Real Estate, LLC
MLS® Number: 73574880
