
289 Elm St #15 Medford — Photo 1 of 26
Recent Drop: $36,000
$499,000
Investment Analysis — 289 Elm St #15
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 4.21% cap rate and $21,032/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,171
Style
Condominium
Built
1981
Imagine coming home to a quiet, private retreat where nature is only a few minutes away on foot and downtown Boston is approximately 7 miles away. This ground-floor condo makes everyday life remarkably easy: no stairs, no elevator waits, your own deeded parking space, an in-unit washer and dryer, and a separate full-size storage area for the things you do not want taking up living space. Set beside open space, the home has a peaceful, private feel that is hard to find in condo living. Inside, the living and dining areas flow naturally to a private patio - a comfortable place to relax, enjoy a morning coffee, or unwind at the end of the day. Upgraded stainless steel appliances, engineered beech wood floors, central air, generous closets, and a primary suite with its own bath and walk-in closet add to the comfort. And then there is the location. The Middlesex Fells Reservation is right across the way, with more than 100 miles of hiking and biking trails just a few minutes from the condo. Wrights Pond, the Mystic River area, and other outdoor recreation are nearby, while I-93 and multiple transit options make Boston, Tufts University, shopping, and dining easy to reach. Quiet when you want it. Convenient when you need it. Nature close by, Boston close by, and the everyday conveniences already built in.
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Dishwasher • Disposal • Microwave • Range • Washer • Dryer • ENERGY STAR Qualified Refrigerator • Range Hood
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, Lighting - Overhead
Kitchen
Lvl FirstFlooring - Vinyl, Stainless Steel Appliances, Lighting - Overhead
Master Bedroom
Lvl FirstBathroom - Full, Closet, Flooring - Wood
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - Full
Property History
$499,000
Was $529,000
Sep 11, 2026
MLS® 73535168
$529,000
Was $535,000
Jul 31, 2026
MLS® 73535168
$535,000
Jun 12, 2026
MLS® 73535168
Listing Agent: Delince P. Louis
Listing Office: Redfin Corp.
MLS® Number: 73535168
