$1,200,000
Active38-40 Cherry St
Medford, MA, 02155
Multi-Family · MLS #73536452
Price/sqft
$456
Days on market
91 days
Year built
1920
Lot size
0.09 ac
2 full
Baths
2,630 sq ft
Sq Ft
0.09 acres
Lot
1920
Year Built
Taxes: $9,173 (2026)
About this home
Meticulously maintained Medford 2-family with lots of updates by the current owner that still offers an opportunity for upside improvements. Both units have had regular updates, including recently refinished hardwood floors, regular paint updates, and updated kitchens and baths. Both units are currently rented under leases, making it a great investment property with an opportunity for future owner-occupancy. The walk-up heated attic provides a great opportunity for expanding the 2nd-floor unit. Electric was updated to 200amp, boilers were done in the early 2000s, and water heaters were recently replaced. The roof was done in 2008. Full basement waterproofing just completed. Mini splits were added to unit 2 in 2020, and 1st floor windows have just been updated.
Price history
Listed
Jun 16, 2026 · 3 mo ago
$1,150,000
Price increased
Sep 11, 2026 · 5 days ago
$1,200,000
+$50,000 (+4.3%)
Location
38-40 Cherry St, Medford, MA, 02155
Property details
- Road type
- Public
- Basement
- Full, Walk Out
- Electric
- Circuit Breakers, 200 Amps, Individually Metered
Listed by Jamie Thompson · Thompson Realty
Schedule a showing
38-40 Cherry St
Estimated payment
$7,497 / month
Loan term
- Principal & interest
- $6,233
- Property tax
- $764
- Home insurance
- $500
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.
Compare
Similar homes in Medford
Recently sold
