38-40 Cherry St Medford, MA 02155

Building Details

Year Built

1920

Listing agency Thompson Realty j***@thompsonrealty.us Show Phone

Listed by Jamie Thompson

Source Classifiedrealtygroup

Added: Jul 20 Updated: Jul 21 at 5:32AM Checked: Jul 21 at 5:32AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thompson Realty

---

Investment Insights

Based on property information with market context.

Meticulously maintained two-family duplex featuring ongoing updates throughout both units. Recent improvements include refinished hardwood floors, updated paint, and updated kitchens and baths. Unit 2 has mini splits added in 2020, and 1st-floor windows have just been updated. The heated walk-up attic provides an opportunity to expand the 2nd-floor unit.

The property is a walk-up configuration with currently leased units. It includes utility and major system upgrades such as updated 200-amp electric service, boilers completed in the early 2000s, water heaters recently replaced, and a roof completed in 2008.

With both units under leases, the building is positioned for rental income while still offering a path for future owner-occupancy.

Key Highlights

• 1920 Medford 2‑family duplex with two leased units
• Recently refinished hardwood floors and updated paint throughout both units
• Updated kitchens and baths in both units

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $999,000

  4,100 SF

  Well-Maintained Commercial Building For Sale

  Turnkey commercial building with street-level retail and finished lower level.

  365 Salem St, Medford, MA, MA 02155

  View Details
• 

  $1,495,000

  2,600 SF

  Medford Industrial Warehouse Restaurant/Bar

  Industrial warehouse converted to restaurant/bar with broad commercial uses.

  29 Linden Street, Medford, MA 02155

  View Details
• 

  $694,000

  3,000 SF

  Spacious Office Condo in Medford

  Expansive professional office condo in a high-visibility Medford location.

  92 High Street #T31, Medford, MA 02155

  View Details
• 

  $694,000

  3,357 SF

  Spacious Medford Square Office Condo

  Versatile 3,357 sq ft office condo in Medford Square.

  92 High Street #T31, Medford, MA 02155

  View Details
• 

  $1,200,000

  2,412 SF

  Two-Family Home with Walk-Up Attic

  Owner-occupy or invest in a maintained duplex with two-bed units, porches, and a large walk-up attic for storage.

  7 Yale St, Medford, MA 02155

  View Details
• 

  $694,000

  3,357 SF

  Professional Office Condo with Parking

  Large, multi-room office condo with 14-room layout, elevator access, and deeded parking in a professionally managed building.

  92 High Street # T31, Medford, MA, MA 02155

  View Details
• 

  $1,200,000

  2,068 SF

  Medford Two-Family Home with Parking

  Spacious two-family home near amenities with parking for 10 cars.

  204 Harvard, Medford, MA 02155

  View Details
• 

  $899,900

  2,054 SF

  Two-Family Corner Home

  This two-unit corner property offers two bedrooms per unit, a sunroom and rear decks, plus a detached two-car garage.

  31 Lewis St, Medford, MA 02155

  View Details
• 

  $500,000

  1,450 SF

  Historic First-Floor Office Condo

  First-floor front corner office suite with 13-foot ceilings, reception area, and three private offices plus a conference room.

  T2-92 High St, Medford, MA

  View Details
• 

  $500,000

  1,450 SF

  Historic First-Floor Office Condo

  First-floor front corner office condo with 13-foot ceilings, private offices, and a conference room.

  92 High St, #T2, Medford, MA 02155

  View Details
• 

  $949,999

  2,188 SF

  Two-Unit Residential Income Duplex

  Owner-occupy or invest in a two-unit duplex with separate layouts, on-site laundry access, yard, and parking.

  178-180 Brookside Pkwy, Medford, MA 02155

  View Details
• 

  $548,800

  2,940 SF

  Medford Commercial Condo For Sale

  Two-level commercial condo in high-traffic Medford location.

  92 High Street #24&26, Medford, MA 02155

  View Details

FAQs

What type of property is this?

Duplex - Meticulously maintained duplex with updated interiors, recent mechanical improvements, and a heated walk-up attic for potential expansion.

Where is this duplex located?

The property is located at 38-40 Cherry St Medford, MA.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 1920 Medford 2‑family duplex with two leased units; Recently refinished hardwood floors and updated paint throughout both units; Updated kitchens and baths in both units