124 Forest St, Medford, MA 02155
Middlesex County
Key Facts
Description
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 Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1920
Stories
3
Living Area
3,797 sq ft
Lot Size
0.33 acres
Parking Spaces
6
Zoning
SF1
Days on Market
4
MLS® Listing#
73547016
Property Features
Appliances
Lot Features
Foundation
Sewer
Water Source
Financial Details
Annual Taxes
$10,165
Tax year 2026
Assessed Value
$1,181,400
Parcel Number
M:J10 B:0046 L:0000,635258
Directions
Rt 93 Salem St exit to Salem St to Forest St.
Affordability Calculator
$290,000
Estimated monthly payment
$7,718/mo
Principal $1,160,000 · Est. interest $1,618,303 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Medford, MA
- $916,667
- Median Listing Price
- 46
- Median Days on Market
- 2,026
- Median Sq Ft
- $501
- Median Price / Sq Ft
- 118
- Active Listings
- This home’s price is 58% above the area median.
- Its price per sq ft is 24% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Medford, MA.
Location
Points of Interest in Medford, MA
Showing the Medford area map.
Nearby Schools
Launch & Learn
School · 0.3 mi away
St Francis of Assisi
School · 0.4 mi away
Milton Fuller Roberts Elementary School
Elementary · 0.4 mi away
Swan Elementary School
Elementary · 0.6 mi away
Franklin Elementary School
Elementary · 0.7 mi away
Andrews School
Secondary · 0.8 mi away
Lorin L Dame School
School · 0.9 mi away
Eliot-Pearson Children's School
School · 1.0 mi away
Medford High School
Secondary · 1.0 mi away
Brooks Elementary School
Elementary · 1.1 mi away
John J McGlynn Elementary School
Elementary · 1.1 mi away
Conwell Elementary School
Elementary · 1.3 mi away
The Fletcher School
School · 1.3 mi away
Curtis-Tufts High School
Secondary · 1.4 mi away
St Raphael Parish
School · 1.4 mi away
Beebe School
Elementary · 1.5 mi away
Global Development and Environment Institute
School · 1.5 mi away
Missituk Elementary School
Elementary · 1.5 mi away
West Somerville Neighborhood School
Elementary · 1.5 mi away
Gentle Dragon Preschool
School · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 70 Stanley Avenue 70, Medford, MA | $1,050,000 | 5 | 6 | 2,037 |
| 72 College Ave, Medford, MA | $1,075,000 | 6 | 3 | 3,069 |
| 78 Marshall Street, Medford, MA | $1,078,000 | 6 | 2 | 2,788 |
| 259 Forest Street, Medford, MA | $1,079,000 | 5 | 3 | 2,350 |
| 562 Main St, Medford, MA | $1,080,000 | 6 | 2 | 2,679 |
| 4-6 West Street, Medford, MA | $1,125,000 | 5 | 2 | 2,613 |
Moving Cost Estimate
EXIT Agents in Medford
Listing Courtesy: Midtown Properties, Inc. - 6178344071
Presented by: Jason Pan