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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.

More Info

Basic Information

  • Gross Income $139,800
  • Mls StatusUnder Agreement

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms9
  • Full Bath5

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationStone
  • Levels 5
  • Rooms20
  • Stories5
  • Units4
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Tax Information

  • Tax Assessed Value $895,000
  • Tax Year 2025
  • Taxes$7,630

Basic Information

  • List Price$1,499,000
  • MLS Number73500616
  • Modification Date05/26/2026
  • Property SubType4 Family
  • Purchase Contract Date05/26/2026

Property

  • Acreage0.1

Property Information

  • Building Area Source Public Records
  • Living Area 3,388
  • Lot Size Square Feet 4,223
  • Lot Size Units Acres
  • Square Feet3,388

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, On Street
  • Parking Spaces3

Location

  • Address87-89 Spring Street
  • Building Number87-89
  • CountyMiddlesex
  • StateMA
  • StreetSpring Street
  • TownMedford
  • Zip02155

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Other AmenitiesBasement

Other

  • Date Listed04/14/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Listed by The Shahani Group of Compass

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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