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54 Forest St #212 Medford — Photo 1 of 37

54 Forest St #212 Medford — Photo 1 of 37

$469,000

Investment Analysis — 54 Forest St #212

Medford, MA 02155

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02155 carries an estimated $2,740/mo in gross rent — about a 3.20% cap rate and $15,003/yr in estimated NOI at the $469,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

665

Style

Condominium

Built

1890

Step into a piece of Medford history at the iconic schoohouse, where timeless architecture meets comfortable modern living. Originally built in 1890 and later converted into loft-style condominiums, this distinctive residence is filled with character from the moment you enter. Soaring 11-foot ceilings and oversized windows create an impressive sense of space and bring abundant natural light into the home, while exposed brick walls throughout add warmth, texture, and a connection to the building’s storied past. A charming arched opening beside the kitchen adds another architectural detail and creates a natural connection between the kitchen and living space. Thoughtful updates complement the historic setting, including a high-efficiency heat pump and A/C condenser replaced in 2026, a nearly $20,000 improvement. One parking space and additional private storage are included. Beyond the unit, enjoy an exceptional collection of community amenities rarely found in this price range, including a heated indoor pool, sauna, private tennis court, outdoor patio, and six elevators. Just steps from Medford Square, the location puts restaurants, shops, the Medford Public Library, Chevalier Theatre, and multiple bus routes within easy reach. Quick access to I-93 makes commuting into Boston convenient, while the Mystic River, Middlesex Fells, and Wright’s Pond offer plenty of opportunities to enjoy the outdoors. Whole Foods, Wegmans, BJ’s, Stop & Shop, Costco, and Assembly Row are also nearby. Come experience this special home in person and imagine your next chapter beginning here! Watch the Property & Neighborhood Video Tour: youtube.com/watch?v=kDRRM-lH0TI

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.

Property Details

Financials

Original Price$469,000
Annual Taxes$3,442
HOA Fee$545.33

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementY

Climate & Utilities

HeatingForced Air, Electric
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
Roof--
Foundation--
ZoningAPT2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl First

Ceiling Fan(s), Closet, Open Floorplan, Lighting - Overhead

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Open Floorplan, Lighting - Overhead

Primary Bedroom
Lvl First

Closet, Lighting - Overhead

Bathroom 1
Lvl First

Flooring - Stone/Ceramic Tile, Lighting - Pendant, Lighting - Overhead

Property History

Listed
$469,000

Sep 29, 2026

MLS® 73584075

Sold
$136,000

May 17, 2011

MLS® 71227343

Listed
$139,000

May 5, 2011

MLS® 71227343

Listing Provided By

Listing Agent: Hailey Hao

Listing Office: eXp Realty LLC - Corporate Office

MLS® Number: 73584075