38-40 Cherry St
$1,200,000
6
Beds
2
Baths
2,630
Sqft
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$1,200,000
6
Beds
2
Baths
2,630
Living Area
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Property Description
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.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1920
- Parking Spots: 2
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 14
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator
- Construction: Frame
- Flooring: Wood, Tile
- Interior Features: Living Room, Dining Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Gr
- Basement: Full, Walk-Out Access
- Exterior Features: Rain Gutters, Garden
- Foundation: Block, Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
- Parking Features: Paved Drive, Off Street, Tandem
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Utilities
- Electric: Circuit Breakers, 200+ Amp Service, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,062,900
- Taxes: $9,173
- Tax Year: 2026
- Total Rent: $5,600
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Thompson Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.