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3 Days on market
48 Forest St #104 Medford — Photo 1 of 35

48 Forest St #104 Medford — Photo 1 of 35

$469,000

Investment Analysis — 48 Forest St #104

Medford, MA 02155

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02155 carries an estimated $2,740/mo in gross rent — about a 3.19% cap rate and $14,938/yr in estimated NOI at the $469,000 list price. Adjust every assumption in the calculator below.

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Beds

1

Baths

1

SqFt

697

Style

Condominium

Built

1890

Historic character, modern updates, and an unbeatable location come together in this distinctive condo at Medford’s Historic Schoolhouse! Soaring 11-foot ceilings and oversized 9-foot windows create a bright and airy interior, while the open layout connects the kitchen, dining, and living spaces with ease. Recent improvements give the home a fresh new look, including quartz kitchen countertops, a new backsplash, brand-new bathroom tile, and new bedroom carpeting. A high-efficiency heat pump and A/C condenser replaced in 2026 add another major upgrade. One parking space and additional storage are included, along with impressive community amenities rarely found in this price range, including an indoor heated pool, sauna, private tennis court, and outdoor patio area. Just steps from Medford Square, enjoy easy access to restaurants, the Chevalier Theatre, Medford Public Library, and multiple bus routes. I-93 is right around the corner for an easy commute into Boston, while Mystic River trails, Wright’s Pond, and the Middlesex Fells offer plenty of options for enjoying the outdoors. Whole Foods, Wegmans, Costco, Assembly Row, and other everyday shopping are all within easy reach. This is a unique opportunity to own an updated home with historic charm, exceptional amenities, and easy access to everything Medford has to offer. Watch the Property & Neighborhood Video Tour: youtu.be/g4WFyBLUyvI?is=cwtdQWkIlpwwDvSd

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.

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Property Details

Financials

Original Price$469,000
Annual Taxes$3,507
HOA Fee$545.33

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementY

Climate & Utilities

HeatingForced Air, Electric
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
Roof--
Foundation--
ZoningAPT2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl First

Flooring - Laminate, Open Floorplan, Remodeled, Lighting - Overhead

Kitchen
Lvl First

Flooring - Laminate, Countertops - Upgraded, Open Floorplan, Remodeled, Lighting - Overhead

Master Bedroom
Lvl First

Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full, Flooring - Stone/Ceramic Tile, French Doors, Remodeled, Lighting - Sconce

Listing Provided By

Listing Agent: Hailey Hao

Listing Office: eXp Realty LLC - Corporate Office

MLS® Number: 73574065