38-40 Cherry St, Medford MA 02155
Medford, MA 02155
$1,200,000
Est. $7,032/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
4.2%
Price Range
Property Timeline
Status: Active under contract
Jul 20, 2026
Active → Active Under Contract
Listed for Sale
Jun 16, 2026
$1,200,000
Original listing
Agent: Jamie Thompson
Office: Thompson Realty
Listed for Sale
Jun 16, 2026
$1,150,000
Original listing
Agent: Jamie Thompson
Office: Thompson Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/20/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 06/16/2026 | 🏠 Listed for Sale | $1,200,000 | - | - | Original listing |
| 06/16/2026 | 🏠 Listed for Sale | $1,150,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,173 | $1,062,900 |
Financial Details
Annual Property Tax
$9,173
Tax Year 2026
Assessed Value
$1,062,900
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1920
Living Area
2,630 sq ft
Lot Size
0.09 acres
Stories
3
Bedrooms
6
Full Baths
2
Total Rooms
14
Investment Metrics
Units
2
Unit 1 Rent
$2,400/mo · Y
Unit 2 Rent
$3,200/mo · Y
Total Monthly Rent
$5,600/mo
Gross Income
$67,200
Net Operating Income
$67,200
Cap Rate
5.60%
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile
Appliances
Range, Dishwasher, Microwave, Refrigerator
Fireplace
None
Basement
Full, Walk-out Access
Laundry
None
Features
Living Room, Dining Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters, Garden
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Tandem
Total Spaces
2
Utilities
Electric
Circuit Breakers, 200+ Amp Service, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,173
Assessed Value
$1,062,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
44 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
6
Full Bathrooms
2
Living Area
2,630 sq ft
Total Rooms
14
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,630 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
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:
Wood, Tile
Appliances:
Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Living Room, Dining Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Walk-Out Access
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Block, Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters, Garden
Patio & Porch:
Porch
Fencing:
Fenced
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street, Tandem
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
3 schools
B
Milton Fuller Roberts School
0.3 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
B-
Beebe School
0.8 mi
|
#191 of 352
|
Score: 41.2
Dropped 45 spots from last year
-17 below state avg
919 students
Very Diverse
Diverse Student Body
Grades K-08
B
John J McGlynn Elementary School
1.0 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
Middle Schools
2 schools
B+
Madeleine Dugger Andrews Middle School
0.8 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
1.4 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
3 schools
C+
Malden High School
1.5 mi
|
#225 of 346
|
Score: 49.9
Improved 73 spots from last year
-8.3 below state avg
1,792 students
Very Diverse
14 sports
• 856 athletes
Strong AP Program
Early College Program
Rising School
Diverse Student Body
Grades 09-12
Curtis-Tufts School
1.6 mi
18 students
Very Diverse
Diverse Student Body
Grades 09-12
A-
Medford High School
1.6 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
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$764
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
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
38-40 Cherry St, Medford MA 02155
Medford, MA 02155
Listing Information
Listing Agent
Jamie Thompson
Listing Office
Thompson Realty
Office Phone
781-395-1616
Agent MLS ID
CN219439
Office MLS ID
B99777
Listing Data Updated
Sep 10, 2026 5:21 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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