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INVESTMENT SNAPSHOT
About this property
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. Commuter rail, dining, and Boston routes are close by.
Property details
| Units | 3 |
| Living area | 3,797 sqft |
| Lot size | 14,506 sqft |
| Year built | 1920 |
| Price / sqft | $382 |
| County | Middlesex |
| MLS # | 73547016 |
Listing status
| Days on market | 25 days |
| Listed on | July 9, 2026 |
Taxes & financials
| Annual property tax | $10,165 |
| Tax year | 2026 |
| Assessed value | $1,181,400 |
| Zoning | SF1 |
| Gross income (actual) | $110,400/yr |
| Net operating income (actual) | $70,895/yr |
| Total actual rent | $9,200/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.33 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Foundation | Other |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Washer, Dryer |
Location
More about investing in Medford →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 124 Forest St, Medford MA 02155 have?
It is a 3-unit multi-family property with 3,797 sqft of living area, built in 1920.
How long has 124 Forest St, Medford MA 02155 been on the market?
124 Forest St, Medford MA 02155 has been listed for 25 days (since July 9, 2026).
What is the price per unit?
At a list price of $1,450,000 across 3 units, that works out to roughly $483,333 per unit.
What are the property taxes on 124 Forest St, Medford MA 02155?
Annual property taxes are $10,165 (2026), on an assessed value of $1,181,400.
What is the price per square foot?
At $1,450,000 for 3,797 sqft, that's about $382 per square foot.
Is there parking?
6 total parking spaces.
Where is this property located?
124 Forest St, Medford MA 02155 is in Medford, Middlesex County, MA 02155.
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