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.
For sale
$1,200,000
38-40 Cherry St, Medford, MA 02155
6beds
2,630sqft
2 Family - 2 Units Up/Down
Built in 1920
-- sqft lot
$-- Zestimate®
$456/sqft
$-- HOA
What's special
Recently refinished hardwood floorsWalk-up heated atticUpdated kitchens and baths
- 57 days
- 173
- 12
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jamie Thompson 781-307-7395,
Thompson Realty 781-395-1616
Source: MLS PIN,MLS#: 73536452
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: $456/sqft
- Tax assessed value: $1,062,900
- Annual tax amount: $9,173
- Date on market: 7/28/2026
- Total actual rent: 5600
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Listed for sale | $1,200,000+4.3%$456/sqft |
Source: MLS PIN #73536452 Report a problem | ||
| 7/30/2026 | Listing removed | $1,150,000$437/sqft |
Source: MLS PIN #73536452 Report a problem | ||
| 7/20/2026 | Contingent | $1,150,000$437/sqft |
Source: MLS PIN #73536452 Report a problem | ||
| 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
Payment breakdown
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Neighborhood: 02155
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