Investment Analysis — 111 Mitchell Ave

Medford, MA 02155 — North Medford

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02155 carries an estimated $3,900/mo in gross rent — about a 4.22% cap rate and $29,063/yr in estimated NOI at the $689,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,854

Style

Single Family

Built

1963

Tucked away on a quiet dead-end street, 111 Mitchell Ave is a home that feels inviting from the moment you walk in. Offering 3 bedrooms, 2.5 baths and approximately 1,854 sq ft, the home blends character, comfort and thoughtful updates. The standout is the beautifully renovated sunroom, transformed in 2023 with vaulted ceilings, warm wood accents, oversized windows and its own mini-split—an easy favorite for morning coffee, relaxing or entertaining year-round. A renovated primary bath, four mini-splits installed in 2025, upgraded 200-amp electrical and a flexible finished lower level add even more value. Refreshed front steps and landscaping complete the package, all just minutes from Route 93, the Fellsway, Wright’s Pond, shopping, dining and public transportation.

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: 900 sq ft (the lesser of 900 sq ft or half the 1,854 sq ft principal dwelling). Lot size: 3,200 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 MLS and other third-party data may be inaccurate or out of date.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.