38 Fifth Street #38 Medford — Photo 1 of 32
$924,900
Investment Analysis — 38 Fifth Street #38
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.
Beds
4
Baths
2.5
SqFt
2,740
Style
Condominium
Built
1865
This attached single 11-room Victorian/Colonial with 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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Chair Rail
Dining Room
Lvl Main,FirstFlooring - Hardwood, Chair Rail, Lighting - Overhead
Kitchen
Lvl Main,FirstDining Area, Chair Rail, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Flooring - Engineered Hardwood
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl ThirdBathroom 1
Lvl Main,FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl ThirdBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Maureen Schlegel
Listing Office: Century 21 North East
MLS® Number: 73551820