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28 Cleveland Street Medford — Photo 1 of 27

28 Cleveland Street Medford — Photo 1 of 27

$585,000

Investment Analysis — 28 Cleveland Street

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 4.29% cap rate and $25,089/yr in estimated NOI at the $585,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

630

Style

Single Family

Built

1955

Exceptionally efficient, this charming two-bedroom single-family home offers an appealing alternative to condo living with the benefit of a private, fully fenced yard. Completely electric and complemented by solar panels designed to offset utility costs, the home combines low-maintenance living with thoughtful modern updates. Inside, a beautifully renovated chef’s kitchen anchors the open-concept floor plan, flowing seamlessly into the dining and living areas. Gorgeous hardwood floors and abundant natural light create a warm and inviting feel throughout, while two comfortable bedrooms and a pretty, tiled full bath complete the main living space. A walk-up attic and exterior shed provide excellent additional storage. Set back from the street, the home enjoys a wonderful sense of privacy. The large, fully enclosed yard features mature plantings, raised garden beds, and plenty of space for outdoor dining, entertaining, gardening and relaxing. Two-plus off-street parking spaces add everyday convenience. The location offers exceptional access to outdoor recreation and community amenities, just moments from the recently reimagined Carr Park with its new playground, splash pad, pickleball and basketball courts, dog park, and more. Wright’s Pond is nearby for seasonal swimming, while the Fells Reservation provides miles of trails and opportunities to enjoy nature. With an efficient all-electric design, renovated interior, private outdoor space, and convenient access to major highways, Boston, and Logan Airport, this is a wonderful opportunity to enjoy the ease and privacy of single-family living in a highly connected, residential neighborhood setting.

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: 315 sq ft (the lesser of 900 sq ft or half the 630 sq ft principal dwelling). Lot size: 3,390 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.

Immersive Experience

Property Details

Financials

Original Price$585,000
Annual Taxes$4,551

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
FlooringTile, Hardwood
BasementNone

Climate & Utilities

HeatingElectric Baseboard, Heat Pump, Electric, Ductless
CoolingHeat Pump, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningGR

Property & Lot

Acres0.08
SqFt Lot3,390
Lot FeaturesLevel

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Bike Path • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First

10.25 x 10.5

Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

6.666666666 x 10.5

Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

11.25 x 9.166666666

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant

Primary Bedroom
Lvl First

11.416666666 x 10.5

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl First

9 x 8.833333333

Bathroom 1
Lvl First

7.833333333 x 5.25

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile

Property History

Listed
$585,000

Oct 1, 2026

MLS® 73585785

Listed
$585,000

Sep 30, 2026

MLS® 73584437

Listing Provided By

Listing Agent: Dara Singleton

Listing Office: Better Homes and Gardens Real Estate - The Shanahan Group

MLS® Number: 73584437