Active
4 Days on market
51 Spring Street #51 Medford — Photo 1 of 39

51 Spring Street #51 Medford — Photo 1 of 39

$1,088,000

Investment Analysis — 51 Spring Street #51

Medford, MA 02155

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02155 carries an estimated $4,300/mo in gross rent — about a 2.78% cap rate and $30,231/yr in estimated NOI at the $1,088,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

1,650

Style

Condominium

Built

2026

Welcome to 51 Spring Street, a fully renovated and expanded four-bedroom townhome offering three beautifully finished levels in an exceptional Medford location. Thoughtfully reimagined with craftsmanship and quality in mind, the home features white oak flooring, abundant natural light and an open-concept main level anchored by a beautifully appointed kitchen with white quartz countertops, upgraded cabinetry and stainless steel appliances. A red cedar-clad exterior vestibule ceiling with recessed lighting adds a distinctive architectural detail at the entrance. The second-floor primary suite features pocket doors, a private bath with double vanity and custom closet space, while the third floor offers an additional ensuite bedroom with vaulted ceilings and a skylight. The versatile four-bedroom layout provides excellent flexibility for guests, a home office or additional living space. Three full and one half baths, three-zone heating and central air, in-unit laundry and a private fenced yard bring together comfort and everyday functionality. A clean, unfinished 588-square-foot basement with exterior access provides valuable additional space for storage, a workshop, bikes and recreational gear. With 1,650 square feet of finished above-grade living space and one dedicated off-street parking space, the home offers a thoughtful balance of space, convenience and low-maintenance living. Additional street parking is available along Spring Street and Sherman Place, a quiet dead-end side street. Ideally located close to Tufts University and less than a mile from Medford Square, with convenient access to I-93, Wellington Station, Assembly Row, Somerville, Cambridge and Downtown Boston.

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

Original Price$1,088,000
Annual Taxes$8,985

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Tile, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Concrete
BasementY

Climate & Utilities

HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Cement Board
RoofShingle
Foundation--
ZoningSF2

Property & Lot

Acres0.12
SqFt Lot5,391
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Range Hood

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3Bedroom 4
Second
Primary BedroomBedroom 2Bathroom 1
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

12 x 13

Flooring - Hardwood, Window(s) - Picture, Cable Hookup, High Speed Internet Hookup, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

12 x 13

Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed Lighting, Remodeled

Kitchen
Lvl Main,First

10 x 10

Bathroom - Half, Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Remodeled, Stainless Steel Appliances

Primary Bedroom
Lvl Second

12 x 15

Bathroom - Full, Bathroom - Double Vanity/Sink, Closet/Cabinets - Custom Built, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Recessed Lighting, Remodeled, Closet - Double

Bedroom 2
Lvl Second

11 x 12

Bedroom 3
Lvl Third

10 x 13

Bathroom - Full, Skylight, Closet, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Recessed Lighting, Remodeled

Bedroom 4
Lvl Third

10 x 13

Closet, Flooring - Hardwood, Window(s) - Picture, Recessed Lighting, Remodeled

Bathroom 1
Lvl Second

5 x 8

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting, Remodeled

Listing Provided By

Listing Agent: Ryan Cook

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73578117