Active
2 Days on market
68 Terrace Rd Medford — Photo 1 of 42

68 Terrace Rd Medford — Photo 1 of 42

$1,299,000

Investment Analysis — 68 Terrace Rd

Medford, MA 02155

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 2.45% cap rate and $31,868/yr in estimated NOI at the $1,299,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

1,760

Style

Single Family

Built

1946

Welcome to 68 Terrace Rd, a handsome contemporary brick ranch offering great curb appeal on a fabulous street. Move-in ready with fresh paint inside and out, this bright home features a newer kitchen with quartz countertops and breakfast bar, opening seamlessly to the living and dining areas. The open floor plan and abundant natural light create a spacious feel throughout. Three baths include a full en-suite primary bedroom bath with shower and a full hall bath serving two additional bedrooms. The finished walk-out lower level adds a bonus room, 3/4 bath with shower, laundry area, and family room, offering flexible space for guests, work, recreation, or an in-law suite. Enjoy the cozy front porch, large rear patio, and fully fenced flat yard. Walk to Medford Square, the library, and Chevalier Theatre, with easy access to the Fells, Route 93, and West Medford MBTA—just one stop and approximately 17 minutes to North Station. A wonderful opportunity in a prime location!

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: 880 sq ft (the lesser of 900 sq ft or half the 1,760 sq ft principal dwelling). Lot size: 6,600 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$1,299,000
Annual Taxes$7,348

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Vinyl, Carpet, Hardwood
BasementPartial, Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningSF1

Property & Lot

Acres0.15
SqFt Lot6,600
Lot FeaturesCleared

Amenities & Appliances

Gas Water Heater • Disposal • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range Hood • Range • Oven

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Conservation Area • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Basement
Family RoomBedroom 4Bathroom 1
Main,First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
Living Room
Lvl Main,First

Closet, Flooring - Hardwood, Recessed Lighting, Crown Molding

Dining Room
Lvl Main,First

Flooring - Hardwood, Lighting - Pendant, Crown Molding

Kitchen
Lvl Main,First

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Recessed Lighting, Slider, Gas Stove

Family Room
Lvl Basement

Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Vinyl, Recessed Lighting

Primary Bedroom
Lvl Main,First

Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Main,First
Bedroom 3
Lvl Main,First

Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead, Crown Molding

Bedroom 4
Lvl Basement

Flooring - Vinyl, Lighting - Overhead

Bathroom 1
Lvl Basement

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting

Bathroom 2
Lvl Main,First

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

Bathroom 3
Lvl Main,First

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

Property History

Listed
$1,299,000

Sep 23, 2026

MLS® 73581290

Sold
$382,000

Apr 28, 2010

MLS® 71028551

Listed
$394,900

Feb 5, 2010

MLS® 71028551

Listing Provided By

Listing Agent: Daniel Kessinger

Listing Office: Redfin Corp.

MLS® Number: 73581290