50 Lambert St, Medford, MA 02155
What's special
This classic flat-roof triple-decker presents an exceptional investment opportunity in a convenient Medford location, generating over $10,000 per month in gross rents with massive upside. Units 1 and 2 are currently leased through August 2027, while the vacant third unit provides the perfect setup for an savvy owner-occupant or an investor looking to maximize returns. Each unit boasts a similar, highly functional layout featuring four spacious bedrooms with ample closets, updated kitchens, high-demand in-unit laundry, and private front and rear balconies. Key mechanical updates offer peace of mind, including a six-year-young roof and brand-new 2025 boilers in Units 1 and 2. Situated directly on the 101 bus line, steps from Target, and just a mile from Malden Center and the Orange Line, this high-yield multi-family delivers an unbeatable mix of classic local architecture, turn-key convenience, and premium cash flow.
- 47 days
- 346
- 18
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Alex Genovese 781-720-8236,
Flow Realty, Inc. 888-750-3569,
Julia Norman 781-492-2731
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Oil
Cooling
- None
Appliances
- Included: Range, Dishwasher, Refrigerator, Freezer, Washer/Dryer, Disposal
Features
- Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room
- Flooring: Hardwood
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,008
- Total interior livable area: 4,008 sqft
- Finished area above ground: 4,008
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Off Street
- Uncovered spaces: 4
Features
- Patio & porch: Porch
- Exterior features: Balcony/Deck
Lot
- Size: 3,360 Square Feet
- Features: Corner Lot
Details
- Parcel number: 635636
- Zoning: GR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Foundation: Brick/Mortar
Condition
- Year built: 1900
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, Sidewalks
Location
- Region: Medford
Financial & listing details
- Price per square foot: $393/sqft
- Tax assessed value: $1,345,200
- Annual tax amount: $11,609
- Date on market: 9/17/2026
- Total actual rent: 9500
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2026 | Price change | $1,575,000-1.6%$393/sqft |
Source: MLS PIN #73578881 Report a problem | ||
| 9/17/2026 | Listed for sale | $1,600,000+103125.8%$399/sqft |
Source: MLS PIN #73578881 Report a problem | ||
| 5/20/2015 | Sold | $1,550 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,207 | $1,080,600 |
| 2024 | $9,207 +1.4% | $1,080,600 +2.9% |
| 2023 | $9,084 -1.6% | $1,050,200 +2.5% |
| 2022 | $9,233 +2.7% | $1,024,800 +7.3% |
| 2021 | $8,991 +4.6% | $955,500 +2% |
| 2020 | $8,596 +1.6% | $936,400 +6.2% |
| 2019 | $8,464 +2.4% | $881,700 +9.2% |
| 2018 | $8,266 +8.2% | $807,200 +11.6% |
| 2017 | $7,638 +5.6% | $723,300 +11.9% |
| 2016 | $7,233 +4.5% | $646,400 +9.2% |
| 2015 | $6,923 +9.1% | $591,700 +14.2% |
| 2014 | $6,348 +14% | $518,200 +15.1% |
| 2013 | $5,566 +3.3% | $450,300 +0.5% |
| 2012 | $5,388 +3.6% | $447,900 |
| 2011 | $5,200 +1.9% | $447,900 -3.6% |
| 2010 | $5,104 -2.3% | $464,800 -10.3% |
| 2009 | $5,224 +4.3% | $518,300 -5.6% |
| 2008 | $5,009 +2.6% | $549,200 |
| 2007 | $4,882 -3.3% | $549,200 -0.9% |
| 2006 | $5,051 +6.4% | $554,400 +10.1% |
| 2005 | $4,748 +7% | $503,500 +7.6% |
| 2004 | $4,437 +14.3% | $468,000 +60.1% |
| 2003 | $3,883 | $292,400 |
Monthly payment
Estimated market value
$1,553,700
$1.40M - $1.72M
$3,638/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.