Multi Family

124 Forest St

Medford, MA 2155 · MLS 73547016

$1,450,000

3,700 sqft

  • Beds—
  • Baths—
  • Sq Ft3,700
  • Year1920
  • Style—
  • $ / Sq Ft$392
  • HOA—
  • Taxes$10,165
  • Parking6
  • Lot14506.0
  • MLS73547016
  • StatusActive

About this home

Set in West Medford just 1.4 miles (a 5-minute drive) from Tufts' Tisch Library, this income-producing three-family sits on a generous 14,506 SF of land (two parcels, including a 6,006 SF accessory lot) and blends 1920s character with updates. The first-floor unit spans two levels into a finished lower level with two full baths and in-unit laundry. Two upper units each offer three rooms, a full bath, and flexible space, sharing basement laundry. Inlaid hardwoods, carved mantels, leaded glass, and bay windows run throughout, and the first floor features a refreshed kitchen with stainless appliances. Gas hot-water heat, covered front porch, and level yard, plus a multi-car driveway with added parking-income potential. Now producing about $9,200/month, with two units utility-inclusive. The oversized double-lot offers potential for an additional dwelling or single-family building site-subject to City zoning approval and due diligence to verify including all approximate dimensions. Commuter rail, dining, and Boston routes are close by.

Location

DirectionsMore in Medford

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.