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Active

124 Forest St, Medford MA 02155

$1,450,000

Estimated $3,198/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $483,333.33

Total Rent: 110400/year

Estimated CAP Rate:

6 Bedrooms

Baths

3797

Total Parking: 6

14,506 (0.33)

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.

This home has been viewed 32 times

Last Checked: August 4th, 2026 at 9:08am (Source: MLS PIN #73547016)

Gross Income: $110,400

Gross Expenses: $10,165

Net Income Calc: $100,235

Water Views

Annual Expenses for 124 Forest St, Medford MA 02155

Total Gross Expenses (Calculated)$10,165/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10165

Annual Income & Unit Breakdown for 124 Forest St, Medford MA 02155

Total Gross Income (Calculated)$110,400

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 124 Forest St, Medford MA 02155

Listing ID73547016

Property TypeMulti Family / 3 Family

Price1450000 ($381.88/SqFt)

Style3 Family

CityMedford

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3797

Approximate Lot Size (Acres)0.33

Total Parking6

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningSF1

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 124 Forest St, Medford MA 02155

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOwner

ExclusionsPersonal Property

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 124 Forest St, Medford MA 02155

Real Estate Taxes10165

Tax Year2026

Assessed Value$1,181,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 124 Forest St, Medford MA 02155

Neighborhood(s)

Area Amenities

Contact Information for 124 Forest St, Medford MA 02155

Agent

Name: Jason Pan

Office

Name: Midtown Properties, Inc.

Phone: 617-834-4071

Payment Calculator

, Interest

Property Taxes 847.08

Principal & Interest 8934.44

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Midtown Properties, Inc.

Jason Pan

Agent Phone

Office Phone

(617) 834-4071

Text Agent Call Agent Call Office

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    [unparsed] => 124 Forest St, Medford MA 02155
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EXIT

26 More Photos

Active

124 Forest St, Medford MA 02155

$1,450,000

Annual Expenses for 124 Forest St, Medford MA 02155

Annual Income & Unit Breakdown for 124 Forest St, Medford MA 02155

General Information for 124 Forest St, Medford MA 02155

Disclosures for 124 Forest St, Medford MA 02155

Financial Information for 124 Forest St, Medford MA 02155

Location Information for 124 Forest St, Medford MA 02155

Contact Information for 124 Forest St, Medford MA 02155

Agent

Office

Payment Calculator

Exclusive Listing Agent

Midtown Properties, Inc.

Jason Pan