Buying an Investment Property in Medford, MA

If you are on a bit of a tight budget, but looking to target an up and coming area with lots of good upside, consider Medford. Why Medford?

Well let’s look at the data. In 2014, the average sold 2-family in Medford went for $564,000. In 2024 that number shot up to $1.09M, almost DOUBLING in a decade. 

Even still, the price points we see in Medford for investment properties are significantly lower compared to neighboring Somerville and Cambridge. This makes Medford ideal for first time investors and those looking to get into the market while maintaining really strong returns in an area that continues to trend upwards.

I love Medford because it now has access to the green line via the new Tufts green line extension as well as the West Medford commuter rail. In addition, Medford provides easy access to Rt 93, ideally for driving commuters. 

For many parts of South Medford or West Medford, you can expect really solid tenants, paying fairly similar rental rates compared to Somerville or Cambridge, but you’ll be able to purchase these investments for 20-35% less in Medford!

If you are thinking of buying an investment property in Medford, give me a ring and we can map out target areas based on your budget and unique investing goals.

Continue reading about things to keep in mind when buying a multi-family investment property, what to think through if it’s your first time, and how I can help you no matter what stage you’re at.

If you are thinking of buying a Medford investment property and don’t know where to start, give me a call at 617-833-7457 and I am happy to help.

Check out my video below on what investors should keep in mind when buying in Medford: