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3 Days on market
61 Tesla Ave Medford — Photo 1 of 34

61 Tesla Ave Medford — Photo 1 of 34

$699,000

Investment Analysis — 61 Tesla Ave

Medford, MA 02155 — Tufts University

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 4.24% cap rate and $29,628/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,522

Style

Single Family

Built

1933

Classic 1930s Colonial offering timeless character, a versatile floor plan, and a convenient Medford location near Tufts University. The first floor features a welcoming living room with a fireplace and original moldings, a formal dining room with a charming built-in, kitchen, bright sunroom, and half bath. Upstairs are three well-proportioned bedrooms and a full bath, along with access to a walk-up unfinished attic offering excellent storage and future potential. Outside, enjoy an inviting fenced-in yard with a deck, providing a private space for outdoor dining, gardening, entertaining, or play. A one-car garage adds everyday convenience. Ideally situated near Tufts University and the vibrant shops, restaurants, cafés, and neighborhood amenities of Medford and Somerville, with easy access to public transportation, including nearby MBTA bus routes and the Green Line Extension. Convenient to Medford Square, Davis Square, major commuting routes, parks, and recreation. With original architectural details, comfortable living spaces, and opportunities to make it your own, this well-loved Colonial offers a wonderful combination of character, location, and potential.

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: 761 sq ft (the lesser of 900 sq ft or half the 1,522 sq ft principal dwelling). Lot size: 4,554 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.

Open Houses

Property Details

Financials

Original Price$699,000
Annual Taxes$5,940

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
FlooringVinyl, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
BasementUnfinished

Climate & Utilities

HeatingSteam, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningGR

Property & Lot

Acres0.1
SqFt Lot4,554
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • T-Station • University

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
KitchenBathroom 1
Main,First
Living RoomDining Room
Living Room
Lvl Main,First

11 x 21

Beamed Ceilings, Flooring - Hardwood, Crown Molding

Dining Room
Lvl Main,First

11 x 11

Flooring - Hardwood, French Doors, Lighting - Overhead

Kitchen
Lvl First

9 x 15

Flooring - Vinyl

Primary Bedroom
Lvl Second

11 x 15

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

11 x 14

Bedroom 3
Lvl Second

9 x 11

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

3 x 5

Bathroom - Half, Flooring - Laminate

Bathroom 2
Lvl Second

4 x 7

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

Listing Provided By

Listing Agent: Pirani & Wile Group

Listing Office: Advisors Living - Winchester

MLS® Number: 73580774