124 Forest St, Medford $1,450,000

Sale Type: For Sale Ft2: 3,797 Lot Size: 14,506 Ref #: 73547016

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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.

Details

Ft2
3,797
Lot Size
14,506
Tax
$10,165
Listing provided courtesy of Jason Pan, Midtown Properties, Inc.