Multi Family
38-40 Cherry St
Medford, MA 2155 · MLS 73536452
$1,140,000
- Beds—
- Baths—
- Sq Ft2,630
- Year1920
- Style—
- $ / Sq Ft$433
- HOA—
- Taxes$9,173
- Parking2
- Lot4050.0
- MLS73536452
- StatusActive
About this home
38-40 Cherry St Medford | 2 Family | 6 Bed 2 bath | 2630 sqft | 405 sqft lotMeticulously 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.
Location
More about Medford
| Medford Profile | Snapshot |
|---|---|
| Primary Vibe | Diverse city with university presence, river access, and residential streets. Popular with buyers seeking relative value and convenience. |
| Housing Prices | More approachable than closer-in areas. Prices vary by condition and location. Multi-family homes offer rental potential. |
| Commute to Boston | Commuter rail and bus routes provide access. Driving is common. Parking is generally more available than downtown. |
| Schools | Served by Medford Public Schools. Confirm assignments with the district. |
| Market | Demand supported by location and university. Updated properties near transit or the river attract interest. |
| Housing Styles | Multi-family homes, condominiums, and single-family houses. Condition varies. |
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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.