Active
92 Days on market
289 Elm St #15 Medford — Photo 1 of 26

289 Elm St #15 Medford — Photo 1 of 26

Recent Drop: $36,000

$535,000
$499,000

$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.

View Standard Listing

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

Original Price$535,000
Annual Taxes$4,372
HOA Fee$353

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms7
FireplacesNone
Flooring--
BasementN

Climate & Utilities

HeatingForced Air, Electric
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofTar/Gravel
Foundation--
ZoningC1

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Dishwasher • Disposal • Microwave • Range • Washer • Dryer • ENERGY STAR Qualified Refrigerator • Range Hood

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl First

Flooring - Wood, Lighting - Overhead

Kitchen
Lvl First

Flooring - Vinyl, Stainless Steel Appliances, Lighting - Overhead

Master Bedroom
Lvl First

Bathroom - Full, Closet, Flooring - Wood

Bedroom 2
Lvl First
Bathroom 1
Lvl First

Bathroom - Full

Bathroom 2
Lvl First

Bathroom - Full

Property History

Price Drop
$499,000

Was $529,000

Sep 11, 2026

MLS® 73535168

Price Drop
$529,000

Was $535,000

Jul 31, 2026

MLS® 73535168

Listed
$535,000

Jun 12, 2026

MLS® 73535168

Listing Provided By

Listing Agent: Delince P. Louis

Listing Office: Redfin Corp.

MLS® Number: 73535168