West Medford Mixed-Use
437 High Street, Medford, MA 02155
Renovated mixed-use building with retail and residential units.
Type:Mixed Use
Property size:
4,513 SFPrice / SF:
$288/SF- Added:
- Mar 13, 2026
- Days on Market:
- 80
- Last Refresh:
- Mar 13 at 8:26 am
Property Features for 437 High Street
General Information
- Standard status
- Active
- Size
- 4,513 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1918
Listing agent Jelena Djuragic License #9527848 (646) 662-3708
Listing office Compass (646) 662-3708
Listing date Mar 13, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Compass
HighLights
- Prime location in West Medford Square, just 500 feet from the commuter rail.
- Mixed‑use building with 1 retail space and 2 expansive residential units.
- Renovated in 2012 with updated windows and roof.
- Residences feature hardwood floors, insulated walls, 9‑foot ceilings, in‑unit washer/dryer, and oversized eat‑in kitchen with gas cooking and granite countertops.
- Includes off‑street parking.
- Retail space (1443 sf) is currently leased with a 5‑year renewal option.
Overview
Located in the heart of West Medford Square, this mixed-use building was renovated in 2012. The 14-room property features one retail space and two residential units, with off-street parking available. The building is situated in West Medford, approximately 500 feet from the commuter rail. Each residence includes hardwood floors, insulated walls, 9-foot ceilings, updated windows, and an updated roof. The oversized eat-in kitchens are equipped with gas cooking and granite countertops, and each unit has its own washer and dryer. The first floor provides 1443 square feet of retail space, including a half bath and separate heating and central air conditioning. The retail space is currently leased with an option to renew. The property offers convenient access to public transportation, Route 16, 93, and Route 2. It is located approximately 0.5 miles from Whole Foods Market, 1.3 miles from Tufts University, and 8 miles from Logan International Airport.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.2k | $38.16 |
| − Vacancy | −$9.0k | −$1.98 |
| EGI | $163.3k | $36.18 |
| − OpEx | −$73.5k | −$16.28 |
| NOI | $89.8k | $19.90 |
4,513 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,793 @ 7.0% cap · market cap 6.91%
Second Best
Mixed Use
$1.06M
$930.8K – $1.24M
NOI $74,465 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,018 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1311841
- Latitude
- 42.4212161
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Renovated mixed-use building with retail and residential units.
Where is this mixed-use property located?
The property is located at 437 High Street Medford, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Prime location in West Medford Square, just 500 feet from the commuter rail.; Mixed‑use building with 1 retail space and 2 expansive residential units.; Renovated in 2012 with updated windows and roof.
