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$1,150,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 6 Total Beds
  • 0.09 Acres
  • Updated 2 days ago
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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.

Full Property Details for 38-40 Cherry St

General

  • Price: $1,150,000
  • Taxes: $9,173 (2026)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73536452
  • Updated: 6/20/2026
  • Added to Site: 6 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: Paved Drive, Off Street, Tandem

Location

  • County: Middlesex

Structural Information

  • Basement: Yes
  • Stories/Levels: 3
  • Square Feet: 2,630
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.09

Financial Considerations

  • Tax Amount: $9,173
  • Tax Year: 2026

Listed by Thompson Realty, Jamie Thompson

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Listing agent

— 38-40 Cherry St —

  • Jamie Thompson

    Thompson Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 38-40 Cherry St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2026
Listed
$1,150,000
153.3%
MLS
8/22/2011
Sold
$454,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 38-40 Cherry St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,950
9%
$1,017,000
5%
2024
$8,223
2%
$965,100
3%
2023
$8,074
-1%
$933,400
3%
2022
$8,170
7%
$906,800
12%
2021
$7,646
1%
$812,500
-1%
2020
$7,542
5%
$821,600
10%
2019
$7,185
5%
$748,400
12%
2018
$6,824
7%
$666,400
10%
2017
$6,390
2%
$605,100
8%
2016
$6,243
8%
$557,900
13%
2015
$5,801
8%
$495,800
13%
2014
$5,362
—
$437,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Thompson Realty, Jamie Thompson

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38-40 Cherry St, Medford, MA 02155 (MLS# 73536452) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 38-40 Cherry St is currently listed for $1,150,000 and was received on June 16, 2026. Want to learn more about 38-40 Cherry St? Do you have questions about finding other Multi-Family real estate for sale in Medford? You can browse all Medford real estate or contact a Coldwell Banker agent to request more information.

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