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124 Forest St, Medford MA 02155

Medford, MA 02155
$1,450,000
Est. $8,379/month
6
Beds
3
Baths
3,797
Sq Ft
$382
Price/Sq Ft
0.33
Acres
1920
Year Built
6
Parking
2 hours 33 minutes
Time on Market
Active Listed Jul 9, 2026 • MLS# 73547016 Copied! • Updated Jul 9, 2026

About this home

Set in West Medford just 1.4 miles (a 5-minute drive) from Tufts' Tisch Library, this income-producing three-family sits on a generous 14,506 SF of land (two parcels, including a 6,006 SF accessory lot) and blends 1920s character with updates. The first-floor unit spans two levels into a finished lower level with two full baths and in-unit laundry. Two upper units each offer three rooms, a full bath, and flexible space, sharing basement laundry. Inlaid hardwoods, carved mantels, leaded glass, and bay windows run throughout, and the first floor features a refreshed kitchen with stainless appliances. Gas hot-water heat, covered front porch, and level yard, plus a multi-car driveway with added parking-income potential. Now producing about $9,200/month, with two units utility-inclusive. The oversized double-lot offers potential for an additional dwelling or single-family building site—subject to City zoning approval and due diligence. Commuter rail, dining, and Boston routes are close by.

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Property History

Property Timeline

🏠
Listed for Sale
Jul 9, 2026
$1,450,000
Original listing
Agent: Jason Pan Office: Midtown Properties, Inc.

Tax History

Year Taxes Assessment
2026 $10,165 $1,181,400

Financial Details

Annual Property Tax
$10,165
Tax Year 2026
Assessed Value
$1,181,400

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1920
Living Area 3,797 sq ft
Lot Size 0.33 acres
Bedrooms 6
Full Baths 3
Total Rooms 12

Investment Metrics

Units 3
Unit 1 Rent $3,500/mo · Y
Unit 2 Rent $3,000/mo · Y
Unit 3 Rent $2,700/mo · N
Total Monthly Rent $9,200/mo
Gross Income $110,400
Net Operating Income $70,895
Operating Expenses $39,505
Cap Rate 4.89%
Heating None
Cooling None
Flooring None
Appliances Washer, Dryer
Fireplace None
Fireplaces 2
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,165
Assessed Value $1,181,400
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Owner
Documents None
County Middlesex

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
6
Full Bathrooms
3
Living Area
3,797 sq ft
Total Rooms
12
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances: Washer, Dryer
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof:
Foundation: Other
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features:

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities:
School District
Medford School District local
B+
School Safety 2024-25
1.0% Low
0.8% Suspensions 0.1% In-School 0.2% Emergency
4.5% below state avg
E

Elementary Schools

3 schools
B
Milton Fuller Roberts School
0.4 mi | #353 of 824 | Score: 49.1
Improved 194 spots from last year
-9.1 below state avg
586 students Diverse
Rising School Diverse Student Body
Grades PK-05
St. Joseph Elementary School
0.5 mi
Grades PK-08
A+
Brooks School
1.1 mi | #2 of 12 | Score: 59.7
Improved 135 spots from last year
+1.5 above state avg
556 students Moderate
Rising School
Grades PK-05
M

Middle Schools

3 schools
B+
Madeleine Dugger Andrews Middle School
0.9 mi | #128 of 352 | Score: 46.6
Improved 32 spots from last year
-11.6 below state avg
435 students Diverse
Rising School
Grades 06-08
B-
John J. McGlynn Middle School
1.8 mi | #206 of 352 | Score: 40.2
Improved 30 spots from last year
-18.1 below state avg
464 students Diverse
Rising School Diverse Student Body
Grades 06-08
A+
Gibbs School
2.2 mi | #31 of 352 | Score: 60.0
Improved 8 spots from last year
+1.8 above state avg
529 students Diverse
Strong Attendance
Grades 06
H

High Schools

3 schools
A-
Medford High School
1.1 mi | #94 of 346 | Score: 60.6
Improved 24 spots from last year
+2.3 above state avg
1,195 students Diverse
19 sports • 1,212 athletes
Strong AP Program Rising School Career Tech Programs College Ready Curriculum
Grades PK-12
Curtis-Tufts School
1.4 mi
11 students Diverse
Diverse Student Body
Grades 09-12
C+
Malden High School
2.2 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Learn about these ratings

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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $847
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

124 Forest St, Medford MA 02155

Medford, MA 02155

Listing Information

Listing Agent Jason Pan
Listing Office Midtown Properties, Inc.
Office Phone 617-834-4071
Agent MLS ID BB921853
Office MLS ID NB2858
Listing Data Updated Jul 9, 2026 12:57 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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