$1,200,000
38-40 Cherry St
Medford, MA, 02155
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.
Property Details
Price:
$1,200,000
MLS #:
73536452
Status:
Active
Beds:
6
Baths:
2
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Listed Date:
Sep 10, 2026
Finished Sq Ft:
2,630
Total Sq Ft:
2,630
Lot Size:
4,050 sqft / 0.09 acres (approx)
Year Built:
1920
Units:
2
Schools
Interior
Above Grade Finished Area
2630
Appliances
Range, Dishwasher, Microwave, Refrigerator
Bathrooms
2 Full Bathrooms
Flooring
Wood, Tile
Interior Features
Living Room, Dining Room, Kitchen
Levels
3
Exterior
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
Construction Materials
Frame
Exterior Features
Rain Gutters, Garden
Fencing
Fenced
Lot Features
Level
Open Parking Spaces
2
Open Parking YN
1
Parking Features
Paved Drive, Off Street, Tandem
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch
Roof
Shingle
Stories
3
Window Features
Insulated Windows
Financial
Tax Year
2026
Taxes
$9,173
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Medford as of Sep 11, 2026
33
Multi Family Listed
56
Avg DOM
461
Avg $ / SqFt
$1,210,206
Avg List Price
Community
- Address38-40 Cherry St Medford MA
- CityMedford
- CountyMiddlesex
- Zip Code02155
Subdivisions in Medford
Similar Listings Nearby
Property Summary
- 38-40 Cherry St Medford MA is a Multi Family for sale in Medford, MA, 02155. It is listed for $1,200,000 To schedule a showing of MLS#73536452 at 38-40 Cherry St in Medford, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Thompson Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
38-40 Cherry St
Medford, MA