Active
62 Days on market
124 Forest St Medford — Photo 1 of 30

124 Forest St Medford — Photo 1 of 30

$1,450,000

124 Forest St, Medford, MA 02155

Medford, MA 02155

Beds

6

Baths

3

SqFt

3,700

Style

3 Family

Built

1920

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$392/sqft
Local Avg (Medford)$454/sqft
14% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Medford, MA.

Property Details

Financials

Original Price$1,450,000
Annual Taxes$10,165

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms12
Fireplaces2
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationOther
ZoningSF1

Property & Lot

Acres0.33
SqFt Lot14,506
Lot FeaturesLevel

Amenities & Appliances

Washer • Dryer

Geography

Property History

Listed
$1,450,000

Jul 9, 2026

MLS® 73547016

Terminated
$1,399,000

Jul 31, 2025

MLS® 73385948

Listed
$1,399,000

Jun 5, 2025

MLS® 73385948

Population

61,730

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$130K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

46.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Jason Pan

Listing Office: Midtown Properties, Inc.

MLS® Number: 73547016

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