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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.

More Info

Basic Information

  • Gross Income $82,800
  • Lot Features Corner Lot
  • Mls StatusActive
  • Parcel Number 635636
  • Rent Includes Unit 1(Water), Unit 2(Water)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $1,345,200
  • Tax Year 2026
  • Taxes$11,609

Parking

  • Parking Features Off Street
  • Parking Spaces4

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms12
  • Full Bath3

Basic Information

  • List Price$1,575,000
  • MLS Number73578881
  • Modification Date10/27/2026
  • Property SubType3 Family - 3 Units Up/Down
  • Virtual TourView Tour

Location

  • Address50 Lambert Street
  • Building Number50
  • CountyMiddlesex
  • StateMA
  • StreetLambert Street
  • TownMedford
  • Zip02155

Building

  • BasementFull, Unfinished
  • Building Area Units Square Feet
  • FoundationBrick/Mortar
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms18
  • Stories3
  • Units3
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.08

Interior

  • Flooring Hardwood
  • Interior Features Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room

Exterior

  • Exterior Features Balcony/Deck

Utilities

  • Electric 110 Volts
  • Heat SystemYes
  • Heating Natural Gas, Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,008
  • Lot Size Square Feet 3,360
  • Lot Size Units Acres
  • Square Feet4,008

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Public Transportation
    • Shopping
    • Sidewalks
  • Appliances IncludedRange, Dishwasher, Refrigerator, Freezer, Washer/Dryer, Disposal
  • Other AmenitiesBasement

Legal

  • ZoningGR

Other

  • Date Listed09/17/2026
  • Farm Land Area Units Square Feet
  • View Count3

Map Location

Driving Directions

Listed by Alex Genovese of Flow Realty,Inc.

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