
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • T-Station • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First11 x 21
Beamed Ceilings, Flooring - Hardwood, Crown Molding
Dining Room
Lvl Main,First11 x 11
Flooring - Hardwood, French Doors, Lighting - Overhead
Kitchen
Lvl First9 x 15
Flooring - Vinyl
Primary Bedroom
Lvl Second11 x 15
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second11 x 14
Bedroom 3
Lvl Second9 x 11
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First3 x 5
Bathroom - Half, Flooring - Laminate
Bathroom 2
Lvl Second4 x 7
Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Pirani & Wile Group
Listing Office: Advisors Living - Winchester
MLS® Number: 73580774