For sale

$1,150,000

38-40 Cherry St, Medford, MA 02155

6beds

2,630sqft

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2 Family - 2 Units Up/Down

Built in 1920

-- sqft lot

$-- Zestimate^®

$437/sqft

$-- HOA

What's special

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. Mini splits were added to unit 2 in 2020, and 1st floor windows have just been updated.

26 days

896

46

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Appliances

Included: Range, Dishwasher, Microwave, Refrigerator

Features

Living Room, Dining Room, Kitchen
Flooring: Wood, Tile
Doors: Insulated Doors
Windows: Insulated Windows
Basement: Full,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 2,630
Total interior livable area: 2,630 sqft
Finished area above ground: 2,630

Property

Parking

Total spaces: 2
Parking features: Paved Drive, Off Street, Tandem
Uncovered spaces: 2

Features

Patio & porch: Porch
Exterior features: Rain Gutters, Garden
Fencing: Fenced

Lot

Size: 4,050 Square Feet
Features: Level

Details

Zoning: GR

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 Family - 2 Units Up/Down

Materials

Frame
Foundation: Block, Stone
Roof: Shingle

Condition

Year built: 1920

Utilities & green energy

Electric: Circuit Breakers, 200+ Amp Service, Individually Metered
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station

Location

Region: Medford

Financial & listing details

Price per square foot: $437/sqft
Tax assessed value: $1,062,900
Annual tax amount: $9,173
Date on market: 6/16/2026
Total actual rent: 5600

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/16/2026	Listed for sale	$1,150,000$437/sqft
Source: MLS PIN #73536452 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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