Multi Family
124 Forest St
Medford, MA 2155 · MLS 73547016
$1,450,000
1 / 30
- 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
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.

