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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Basic Information

Gross Income $67,200
Lot Features Level
Mls StatusNew

Tax Information

Tax Assessed Value $1,062,900
Tax Year 2026
Taxes$9,173

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street, Tandem
Parking Spaces2

Rooms

Bathroom2
Bathrooms Total Decimal 2
Bedrooms6
Full Bath2

Basic Information

List Price$1,150,000
MLS Number73536452
Modification Date06/17/2026
Property SubType2 Family - 2 Units Up/Down
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Location

Address38-40 Cherry Street
Building Number38-40
CountyMiddlesex
StateMA
StreetCherry Street
TownMedford
Zip02155

Building

BasementFull, Walk-Out Access
Building Area Units Square Feet
Construction Materials Frame
Door Features Insulated Doors
FoundationBlock, Stone
Levels 3
Patio And Porch Features Porch
Rooms14
Stories3
Units2
Window Features Insulated Windows
Year Built1920
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.09

Interior

Flooring Wood, Tile
Interior Features Living Room, Dining Room, Kitchen

Exterior

Exterior Features Rain Gutters, Garden
Fencing Fenced
RoofShingle

Utilities

Electric Circuit Breakers,200+ Amp Service, Individually Metered
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 2,630
Lot Size Square Feet 4,050
Lot Size Units Acres
Square Feet2,630

Amenities

Amenities
- Bike Path
- Conservation Area
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Park
- Private School
- Public School
- Public Transportation
- Shopping
- T-Station
- Walk/Jog Trails
Appliances IncludedRange, Dishwasher, Microwave, Refrigerator
Other AmenitiesBasement, Garden

Legal

ZoningGR

Other

Date Listed06/16/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

Basic Information

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Parking

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Basic Information

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Building

Property

Interior

Exterior

Utilities

Property Information

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Legal

Other

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Newton, MA