Active
88 Days on market
38-40 Cherry St Medford — Photo 1 of 40

38-40 Cherry St Medford — Photo 1 of 40

$1,200,000

38-40 Cherry St, Medford, MA 02155

Medford, MA 02155

Beds

6

Baths

2

SqFt

2,630

Style

2 Family - 2 Units Up/Down

Built

1920

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.

Immersive Experience

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$456/sqft
Local Avg (Medford)$481/sqft
5% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Medford, MA.

Property Details

Financials

Original Price$1,150,000
Annual Taxes$9,173

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms14
FireplacesNone
FlooringWood, Tile
BasementFull, Walk-Out Access

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Stone
ZoningGR

Property & Lot

Acres0.09
SqFt Lot4,050
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Property History

Price Increase
$1,200,000

Was $1,150,000

Sep 10, 2026

MLS® 73536452

Listed
$1,150,000

Jun 16, 2026

MLS® 73536452

Sold
$454,000

Jul 14, 2011

MLS® 71241241

Listed
$474,000

Jun 1, 2011

MLS® 71241241

Population

61,730

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$130K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

46.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Jamie Thompson

Listing Office: Thompson Realty

MLS® Number: 73536452

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