124 Forest St, Medford MA 02155
Medford, MA 02155
$1,450,000
Est. $8,379/month
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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 to verify including all approximate dimensions. Commuter rail, dining, and Boston routes are close by.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 9, 2026
$1,450,000
Original listing
Agent: Jason Pan
Office: Midtown Properties, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/09/2026 | 🏠 Listed for Sale | $1,450,000 | - | - | Original listing |
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
3,700 sq ft
Lot Size
0.33 acres
Stories
3
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%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
Washer, Dryer
Fireplace
None
Fireplaces
2
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,165
Assessed Value
$1,181,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Owner
Sq Ft Disclosures
Calculated from architect existing plan from 2016. All dimensions are approximate.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
56 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
6
Full Bathrooms
3
Living Area
3,700 sq ft
Total Rooms
12
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,100 sq ft above grade
600 sq ft below grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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:
Nearby Schools
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
Elementary Schools
6 schools
St. Joseph Elementary School
0.5 mi
Grades PK-08
St. Raphael Elementary School
1.4 mi
Grades PK-08
B
Milton Fuller Roberts School
0.4 mi
|
#350 of 825
|
Score: 48.9
Improved 197 spots from last year
-9.3 below state avg
534 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
A+
Brooks School
1.1 mi
|
#2 of 12
|
Score: 59.8
Improved 135 spots from last year
+1.6 above state avg
559 students
Moderate
Rising School
Strong Attendance
Grades PK-05
B
John J McGlynn Elementary School
1.1 mi
|
#417 of 825
|
Score: 47.3
Improved 247 spots from last year
-10.9 below state avg
498 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-05
B+
Missituk Elementary School
1.5 mi
|
#313 of 825
|
Score: 50.4
Improved 64 spots from last year
-7.9 below state avg
424 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
2 schools
B+
Madeleine Dugger Andrews Middle School
0.9 mi
|
#132 of 352
|
Score: 45.9
Improved 28 spots from last year
-12.3 below state avg
438 students
Diverse
Rising School
Grades 06-08
B-
John J. McGlynn Middle School
1.8 mi
|
#210 of 352
|
Score: 39.9
Improved 26 spots from last year
-18.4 below state avg
439 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
A-
Medford High School
1.1 mi
|
#93 of 346
|
Score: 61.4
Improved 25 spots from last year
+3.2 above state avg
1,210 students
Diverse
19 sports
• 1,212 athletes
Strong AP Program
High Graduation Rate
Rising School
Career Tech Programs
Grades PK-12
Curtis-Tufts School
1.4 mi
18 students
Very Diverse
Diverse Student Body
Grades 09-12
Learn about these ratings
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
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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
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
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Payment Over Time
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
Sep 3, 2026 4:12 PM 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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