Listing Tools

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

Tax Information

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

Parking

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

Rooms

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

Basic Information

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

Location

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

Building

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

Property

  • Acreage0.1

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

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

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningRES

Other

  • Date Listed04/14/2026
  • Farm Land Area Units Square Feet
  • View Count4

Map Location

Driving Directions

Listed by The Shahani Group of Compass

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Castles Unlimited. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.