Active
99 Days on market
38 Fifth Street Medford — Photo 1 of 32

38 Fifth Street Medford — Photo 1 of 32

Recent Drop: $75,000

$999,900
$924,900

$924,900

Investment Analysis — 38 Fifth Street

Medford, MA 02155 — Wellington

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 3.55% cap rate and $32,880/yr in estimated NOI at the $924,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,740

Style

Single Family

Built

1865

This attached single 11-room Victorian/Colonial has 2 fireplaces, 4 bedrooms, 2.5 baths offers privacy, and yard space. This sun-drenched home features high ceilings, stunning hardwood floors, and 3 full levels of highly versatile living space. A fireplace-warmed entry foyer welcomes you into a spacious living room and an elegant formal dining room also featuring a fireplace. The bright, eat-in kitchen with plenty of cabinets and counter space includes a convenient half bath. The 2nd floor features 3-generously sized bedrooms and ample closet space and a full bath. The expansive 3rd floor provides a 4th bedroom, full bath, and bonus room perfect for a private primary penthouse suite or guest wing. Enjoy your own private backyard, a large 3-season enclosed porch, a private patio for summer BBQs, a storage shed, and 2 dedicated off-street parking spaces. Massive full basement with gas heating system, dedicated laundry and endless storage. Roof was replaced in 2020. Nestled on a quiet, tree-lined street just minutes from the Wellington T station, major highways, shopping, Boston, and Logan Airport.

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 2,740 sq ft principal dwelling). Lot size: 4,636 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.

Property Details

Financials

Original Price$999,900
Annual Taxes$6,336

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms11
Fireplaces2
FlooringTile, Carpet, Hardwood, Flooring - Hardwood, Laminate, Flooring - Wood
BasementFull, Interior Entry, Bulkhead, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas, Fireplace(s)
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningRes

Property & Lot

Acres0.11
SqFt Lot4,636
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

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

Flooring - Hardwood, Chair Rail

Dining Room
Lvl Main,First

Flooring - Hardwood, Chair Rail, Lighting - Overhead

Kitchen
Lvl Main,First

Dining Area, Chair Rail, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Flooring - Engineered Hardwood

Primary Bedroom
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Third
Bathroom 1
Lvl Main,First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

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

Bathroom 3
Lvl Third

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Property History

Price Drop
$924,900

Was $999,900

Jul 6, 2026

MLS® 73533730

Listed
$999,900

Jun 10, 2026

MLS® 73533730

Listing Provided By

Listing Agent: Maureen Schlegel

Listing Office: Century 21 North East

MLS® Number: 73533730