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3 Days on market
266 Governors Ave Medford — Photo 1 of 42

266 Governors Ave Medford — Photo 1 of 42

$899,000

Investment Analysis — 266 Governors Ave

Medford, MA 02155

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02155 carries an estimated $3,900/mo in gross rent — about a 3.22% cap rate and $28,965/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,440

Style

Single Family

Built

1930

Welcome home! This 3-bedroom, 2.5-bath single-family home offers a prime location, tremendous value, multiple bonus spaces, and a tastefully renovated chef’s kitchen designed by a professional kitchen designer. The kitchen features high-end appliances, including a Monogram Statement Collection gas range with professional-style details, making it a true centerpiece for anyone who loves to cook and entertain.Charming architectural details include arched doorways, a wood-burning fireplace, a large picture window, and a traditional chair rail in the dining room. Two bonus sunrooms provide additional flexibility, including an upstairs space ideal for a home office, nursery, or sitting room. An attic with generous ceiling height and a spacious semi-finished basement with a full bathroom offer even more possibilities beyond the main living space.Outside, enjoy a deck, flat fenced backyard, side yard, and the added natural light and privacy of a corner lot. Conveniently located near Lawrence Memorial Hospital of Medford and vibrant Medford Square, with easy access to restaurants, the Chevalier Theatre, Medford Public Library, and multiple bus routes. I-93 is right around the corner for an easy commute into Boston, while Mystic River trails, Wright’s Pond, and the Middlesex Fells offer plenty of options for enjoying the outdoors. Whole Foods, Wegmans, Costco, Assembly Row, and other everyday shopping are all within easy reach. With many upgrades, flexible bonus spaces, great outdoor space, and a convenient location, this home is a wonderful opportunity to enjoy single-family living in Medford. Property & Neighborhood Tour: youtu.be/FaP1M3pE9AE?is=eozSTzZAQoffp_pk

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: 720 sq ft (the lesser of 900 sq ft or half the 1,440 sq ft principal dwelling). Lot size: 5,891 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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$899,000
Annual Taxes$6,603

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms11
Fireplaces1
FlooringTile, Hardwood, Flooring - Hardwood, Flooring - Vinyl
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningSF1

Property & Lot

Acres0.14
SqFt Lot5,891
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Disposal • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range • Oven

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Basement
Bathroom 3
Living Room
Lvl First

Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Archway

Dining Room
Lvl First

Flooring - Hardwood, Chair Rail, Open Floorplan, Lighting - Overhead, Archway

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Open Floorplan, Recessed Lighting, Remodeled

Primary Bedroom
Lvl Second

Flooring - Hardwood, Lighting - Overhead, Archway, Closet - Double

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood, Attic Access, Lighting - Overhead

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead

Bathroom 3
Lvl Basement

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Laminate, Lighting - Overhead

Listing Provided By

Listing Agent: Hailey Hao

Listing Office: eXp Realty LLC - Corporate Office

MLS® Number: 73580992