38-40 Cherry St Medford, MA ^$ 1,150,000

38-40 Cherry St

^$ 1,150,000

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Recently Listed

38-40 Cherry St

Medford, MA, 02155

^$ 1,150,000

Bedrooms6 Baths2.0 Sq 2,630

Monthly Estimate*

^$ 7,081

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Multi-Family Home for sale in Medford, MA

for $1,150,000 with 6 bedrooms and 2 full baths. This 2,630 square foot home was built in 1920 on a lot size of 0.09.

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.

Multi-Family Active

Price

^$ 1,150,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 9,173

Style

2 Family - 2 Units Up/Down

Lot Size

0.09

Year Built

1920

Town/City

Medford

County/Region

Middlesex

MLS | Web ID

73536452

List By

Jamie Thompson

Listing Agent

Thompson Realty

Broker

Affordability Calculator

$7,845

Per Month

Monthly Principal & Interest: $7,081
Monthly Property Taxes: $764
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Multi-family listings in Medford, MA

Average List Price ^$1,322,358

Percent of Sale Price 15%

About Medford, MA

60,989 Population

9% Since 2002

^$83,029 Median Income

39.68 Median Age

21% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
6/16/2026	$1,150,000		Listed Price

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38-40 Cherry St, Medford, MA, 02155 is a Multi-Family Home for sale at $1,150,000 with 2,630 sqft and a lot size of 0.09. 38-40 Cherry St has 6 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 02155 which is in Medford, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 6/18/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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38-40 Cherry St

Multi-Family Home for sale in Medford, MA

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