33 Water St Medford — Photo 1 of 42
Recent Drop: $100,000
$1,900,000
Investment Analysis — 33 Water St
Medford, MA 02155
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 02155 carries an estimated $7,200/mo in gross rent — about a 2.67% cap rate and $50,740/yr in estimated NOI at the $1,900,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
5
SqFt
5,166
Style
3 Family
Built
1901
A truly unique 3-family property located just 5 miles north of Boston. All units consist of 2 levels of living. Starting with the owner’s unit. Enjoy the oversized primary suite, with hot tub fireplace and walk in closet. Not to be out done, the rest of the unit boasts great space throughout. From a finished basement to a sunroom/den area leading to a covered rear deck and private pool oasis, that includes a pool house with full kitchenette. You get the true feeling of living in a single family, but with the benefits of rental income. Unit 2 is updated and has a townhouse layout with living room and eat in kitchen on the main level and 2 bedrooms and full bathroom upstairs. Unit 2R is in overall good condition. The main level has the primary bedroom, bathroom and living room; small staircase leading down to kitchen and 2nd bedroom. Other features include central heat/ac in owner’s unit. 2 storage sheds, 8 car parking and carport. Close to I-93 and within walking distance to Medford Sq.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Park • House of Worship
Geography
Property History
$1,900,000
Was $1,949,000
Aug 14, 2026
MLS® 73533468
$1,949,000
Was $2,000,000
Jul 15, 2026
MLS® 73533468
$2,000,000
Jun 10, 2026
MLS® 73533468
Listing Agent: Juan E. Pabon
Listing Office: Coldwell Banker First Quality Realty
MLS® Number: 73533468