794 Highland Avenue Medford — Photo 1 of 41
$700,000
Investment Analysis — 794 Highland Avenue
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 3.44% cap rate and $24,063/yr in estimated NOI at the $700,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,122
Style
Single Family
Built
1925
Introducing 794 Highland Avenue, Medford—a rare bungalow set well back from the road & framed by mature trees, where the day falls away the moment you pull in. Completely renovated & move-in ready, this 2 bed / 1.5 bath home pairs modern updates w/ the ease of true single-level living. Hardwood floors run through the sun-filled living & dining rooms, flowing into the updated kitchen, while both bedrooms & the full bath sit tucked back from the main living space. Gas heat, hardwood & tile throughout. Down below, a bonus room w/ laundry adds flexible space for a home office, gym or playroom. Outside, a level yard & a paved driveway w/ parking for 5, plus a garage bay under the home currently used for storage. An ideal condo alternative for first-time buyers or downsizers—no shared walls and private outdoor space. Minutes to Wright's Pond, the Middlesex Fells Reservation, Rt 93, public transportation & the T. Don't miss this one!
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: 561 sq ft (the lesser of 900 sq ft or half the 1,122 sq ft principal dwelling). Lot size: 4,581 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
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 13
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl First12 x 10
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl First12 x 11
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook
Master Bedroom
Lvl First13 x 11
Closet, Flooring - Hardwood
Bedroom 2
Lvl First12 x 10
Bathroom 1
Lvl First7 x 5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl Basement3 x 6
Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: The Rasner Group
Listing Office: Keller Williams Realty Boston-Metro | Back Bay
MLS® Number: 73574367
