$950,000
Investment Analysis — 4 Parkway Road
Medford, MA 02155
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 2.90% cap rate and $27,527/yr in estimated NOI at the $950,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,296
Style
Single Family
Built
1920
OPEN HOUSE SUNDAY, 11:30 - 1PM ***** Sun-splashed and OH SO spacious! This handsome, Center-entry 3-bedroom Brick colonial in North Medford's popular Wright's Pond/Fellsway West neighborhood is a commuter and nature lover's dream! Classic finishes include tiled entryway, crown moldings, and hardwood floors. Home features recessed lighting, a spacious primary BR with attached 3/4 tile bath; and an expansive 3-season screened porch. Updates include 2020 roof, two renovated bathrooms, energy-efficient mini-splits for both heating and cooling, and a 2026 hot water heater. Walk-up attic offers exceptional bonus storage and expansion possibilities. Vintage laminate cabinet kitchen with sunny attached eat-in dining area awaits your touch. Fenced yard with planting beds and mature shrubs, a one-car garage, and 3-car tandem parking highlight the exterior. Minutes to outdoor fun at Wright's Pond and the Middlesex Fells; shopping, dining and live stage shows in Medford Square; and numerous convenient commuting options via I-93/I-95 and MBTA buses. Abutting the Fells, Parkway Road is a private way, with neighborhood access to the pond.
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 2,296 sq ft principal dwelling). Lot size: 5,562 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Oven • Dishwasher • Disposal • Range • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12.5 x 18
Flooring - Hardwood, Recessed Lighting, Lighting - Overhead, Crown Molding
Dining Room
Lvl First14 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood, Decorative Molding
Kitchen
Lvl First13 x 20
Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting
Family Room
Lvl FirstSkylight, Closet, Flooring - Hardwood, Wet Bar, Slider, Gas Stove
Primary Bedroom
Lvl Second12 x 19
Bathroom - 3/4, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Attic Access
Bedroom 2
Lvl Second10 x 10
Bedroom 3
Lvl Second14 x 10
Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl SecondBathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Pocket Door
Listing Agent: Karen Zoeller
Listing Office: Senne
MLS® Number: 73579197
