87 Forest Street Medford MA 02155 MLS #73221183

87 Forest Street
Medford, MA, 02155
$1,600,000
9 Beds
4 Baths
4,480 SqFt
0.36 Acres
$1,600,000
87 Forest Street
Medford, MA, 02155
Discover the perfect blend of comfort, convenience, and potential in this exceptional three-family residence nestled in Medford. Located a quarter of a mile from Medford square, a half mile from the Middlesex Fells Reservation, and easy access to Route 93 for seamless commuting to the city, this property offers the ideal balance of urban amenities and suburban tranquility. With the first floor vacant, it is ready to be transformed into your dream living space. Seize the opportunity to customize a stylish owner-occupied unit with rental income potential, or a savvy investment opportunity, the possibilities are endless. The second and third floor units have existing TAW, providing immediate income potential. Benefit from rental income while exploring further expansion or renovation opportunities to add value. Each unit has 3 bedrooms, 1 bathroom, stainless steel appliances, hardwood floors, private outdoor space and several parking spaces. Gas and Electricity are already separated!

Property Details

Price:
$1,600,000
MLS #:
73221183
Status:
Pending
Beds:
9
Baths:
4
Address:
87 Forest Street
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Medford
Listed Date:
Apr 8, 2024
State:
MA
Finished Sq Ft:
4,480
ZIP:
02155
Lot Size:
15,471 sqft / 0.36 acres (approx)
Year Built:
1893

Schools

Interior

Appliances
Washer, Dryer, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Oven
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Window Unit(s)
Fireplaces Total
3
Flooring
Wood, Hardwood
Heating
Hot Water, Natural Gas, Radiant, Steam

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, University
Exterior Features
Balcony/ Deck, Rain Gutters, Garden
Other Structures
Shed(s)
Parking Features
Paved Drive, Off Street, Leased, Assigned
Parking Spots
8

Financial

Buyer Agent Compensation
2.5%
Net Operating Income
$61,800
Tax Year
2023
Taxes
$12,640
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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