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87-89 Spring Street, Medford MA 02155

Medford, MA 02155
$1,499,000
Est. $8,416/month
9
Beds
5
Baths
3,388
Sq Ft
$442
Price/Sq Ft
0.10
Acres
1900
Year Built
3
Parking
41
Days on Market
Pending Listed Apr 14, 2026 • MLS# 73500616 Copied! • Updated May 26, 2026

About this home

Perfect for 1031 exchange and investors! Rare opportunity to buy from the limited 4-family inventory pool with good cash flow. This property features two separate structures on one lot, a total of four units! Convenient location to transportation and shopping. Tenants pay for their own utilities. The property consists of a large 5-bedroom, 1 two-bedroom, and 2 one-bedroom apartments. The property has had several updates over the years, including replaced water heaters, newer heater systems, etc. Any money put in this property will only add to long-term equity. Parking for 3 cars in the driveway. This property also has great potential to increase future value considerably.

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

Property Timeline

Pending Sale
May 26, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Apr 14, 2026
$1,499,000
Original listing
Agent: The Shahani Group Office: Compass

Tax History

Year Taxes Assessment
2025 $7,630 $895,000

Financial Details

Annual Property Tax
$7,630
Tax Year 2025
Assessed Value
$895,000

Facts & Features

Home Facts

Type Residential Income
Style 4 Family
Year Built 1900
Living Area 3,388 sq ft
Lot Size 0.10 acres
Bedrooms 9
Full Baths 5
Total Rooms 20

Investment Metrics

Units 4
Unit 1 Rent $1,900/mo · Y
Unit 2 Rent $5,000/mo · Y
Unit 3 Rent $2,350/mo · Y
Unit 4 Rent $2,400/mo · Y
Total Monthly Rent $11,650/mo
Gross Income $139,800
Net Operating Income $139,800
Cap Rate 9.33%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street, On Street
Total Spaces 3
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,630
Assessed Value $895,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Agent Has Ownership Interest In The Property. Owner Never Lived In The Property.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 42 days

Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
9
Full Bathrooms
5
Living Area
3,388 sq ft
Total Rooms
20
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street, On Street

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $636
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

87-89 Spring Street, Medford MA 02155

Medford, MA 02155

Listing Information

Listing Agent The Shahani Group
Listing Office Compass
Office Phone 617-752-6845
Agent MLS ID TEAM0355
Office MLS ID AN3337
Listing Data Updated May 26, 2026 12:35 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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