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7-2 Smith Street #2 Medford — Photo 1 of 22

7-2 Smith Street #2 Medford — Photo 1 of 22

$645,000

Investment Analysis — 7-2 Smith Street #2

Medford, MA 02155 — Tufts University

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 2.88% cap rate and $18,600/yr in estimated NOI at the $645,000 list price. Adjust every assumption in the calculator below.

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Beds

2

Baths

1

SqFt

1,222

Style

Condominium

Built

1910

Sunny and beautifully updated, this second-floor 2-bedroom, 1-bath condominium offers comfort, style, and convenience in an unbeatable location. Three deeded parking spaces are included. The updated kitchen features a brand-new countertop and ceramic tile flooring, while the rest of the home showcases gleaming hardwood floors, a bright living room, formal dining area, and spacious home office. A private rear patio provides the perfect spot to relax or entertain. Ideally situated approximately half a mile from both the Ball Square and Magoun Square Green Line T stations, with easy access to Tufts University, Assembly Row, Route 93, Downtown Boston, and the restaurants and shops of Medford and Somerville. Additional highlights include basement storage and washer/dryer hookups. An exceptional opportunity in a highly convenient location.

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 MLS and other third-party data may be inaccurate or out of date.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$645,000
Annual Taxes$999,999
HOA Fee$275

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Marble
BasementY

Climate & Utilities

HeatingCentral, Hot Water, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningCondo

Property & Lot

Acres0.09
SqFt Lot3,786
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Living RoomDining RoomKitchenFamily RoomMaster BedroomBedroom 2Bathroom 1
Living Room
Lvl Second

11 x 11

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl Second

12.5 x 12.5

Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl Second

20 x 10.5

Family Room
Lvl Second

23 x 7

Master Bedroom
Lvl Second

12 x 10

Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second

10 x 10

Bathroom 1
Lvl Second

7 x 5

Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: William L. Lefevre

Listing Office: Centre Realty Group

MLS® Number: 73575036