124 Forest St, Medford, MA, 02155
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Other
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family
Interior
Appliances
- Appliances included: Washer,Dryer
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Number of fireplaces: 2
- Fireplace: Yes
- Finished area below ground: 976
- Finished area above ground: 2,821
Interior Area
- Total structure area: 3,797
- Total interior livable area: 3,797 sqft
Property
Details
- Parcel number: M:J10 B:0046 L:0000,635258
- Zoning: SF1
Lot
- Lot size: 0.33 Acres
- Features: Level
Parking
- Total spaces: 6
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,331 | $87,972 |
| Home Insurance * | $314 | $3,768 |
| Property Taxes | $1,027 | $12,324 |
| Electricity | $748 | $8,984 |
| Total | $9,420 | $113,040 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listing removed | $3,500 |
| 2026-07-09 | Listed for sale | $1,450,000 |
| 2026-06-28 | Listed for rent | $3,500 |
| 2026-05-15 | Listing removed | $3,500 |
| 2026-04-24 | Listed for rent | $3,500 |
| 2026-03-03 | Listing removed | $3,500 |
| 2026-02-16 | Listed for rent | $3,500 |
| 2025-07-31 | Listing removed | $1,399,000 |
| 2025-06-05 | Listed for sale | $1,399,000 |
| 2015-07-02 | Sold | $750,000 |
| 2015-05-28 | Pending sale | $799,000 |
| 2015-05-07 | Price change | $799,000 |
| 2015-04-30 | Listed for sale | $849,000 |
| 2015-04-16 | Pending sale | $849,000 |
| 2015-04-07 | Listed for sale | $849,000 |
| 1994-04-01 | Sold | $179,000 |
| 1988-03-02 | Sold | $200,000 |
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