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.
Key facts
It was listed on June 16, 2026. The price has gone up from an original $1,150,000 to $1,200,000, most recently on September 10, 2026. The annual property taxes are $9,173 (2026 tax year). It sits on a 0.09-acre (4,050 sq ft) lot.
Immersive Experience
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Medford, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Property History
$1,200,000
Was $1,150,000
Sep 10, 2026
MLS® 73536452
$1,150,000
Jun 16, 2026
MLS® 73536452
$454,000
Jul 14, 2011
MLS® 71241241
$474,000
Jun 1, 2011
MLS® 71241241
Questions about this home
When was 38-40 Cherry St, Medford listed?
38-40 Cherry St, Medford was listed on June 16, 2026.
Has the price of 38-40 Cherry St, Medford changed?
The price has gone up from an original $1,150,000 to $1,200,000, most recently on September 10, 2026.
What are the property taxes for 38-40 Cherry St, Medford?
The annual property taxes for 38-40 Cherry St, Medford are $9,173 (2026 tax year).
How big is the lot at 38-40 Cherry St, Medford?
38-40 Cherry St, Medford sits on a 0.09-acre (4,050 sq ft) lot.
What is the status of 38-40 Cherry St, Medford?
38-40 Cherry St, Medford is actively listed for sale.
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
2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Jamie Thompson
Listing Office: Thompson Realty
MLS® Number: 73536452
