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38-40 Cherry St, Medford MA 02155

Medford, MA 02155
$1,150,000
Est. $6,779/month
6
Beds
2
Baths
2,630
Sq Ft
$437
Price/Sq Ft
0.09
Acres
1920
Year Built
2
Parking
23
Days on Market
Active Listed Jun 16, 2026 • MLS# 73536452 Copied! • Updated Jun 20, 2026

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. 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

Property Timeline

🏠
Listed for Sale
Jun 16, 2026
$1,150,000
Original listing
Agent: Jamie Thompson Office: Thompson Realty

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
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 5.84%
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
Construction Frame
Architecture None
Roof Shingle
Features Rain Gutters, Garden
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch
Features Paved Drive, Off Street, Tandem
Total Spaces 2
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
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 4 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

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: 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 information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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

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 Jun 20, 2026 3:05 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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Steven Novak

BMN Boston Real Estate

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