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40 Summer St, Medford MA 02155

$899,999

Estimated $2,033/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $449,999.50

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

1711

Total Parking: 2

3,792 (0.09)

This versatile property, currently configured as a two-family home, was originally a single-family residence and was converted in the 1980s. With a strong rental history, it presents an excellent investment opportunity while also offering tremendous potential for redevelopment. Ideal for a builder, contractor, or homeowner with a vision, the property could be renovated and restored to its original single-family layout. Conveniently located just a short distance from Tufts University, the Green Line Extension, shopping, restaurants, and major highway access, this property offers endless possibilities in a highly desirable location.

This home has been viewed 3 times

Last Checked: June 18th, 2026 at 9:58am (Source: MLS PIN #73537617)

Gross Income: $0

Gross Expenses: $6,889

Net Income Calc: $6,889

Water Views

Annual Expenses for 40 Summer St, Medford MA 02155

Total Gross Expenses (Calculated)$6,889/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6889

Annual Income & Unit Breakdown for 40 Summer St, Medford MA 02155

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 40 Summer St, Medford MA 02155

Listing ID73537617

Property TypeMulti Family

Price899999 ($526.01/SqFt)

StyleMulti Family

CityMedford

CountyMiddlesex

MLS AreaTufts University

Neighborhood(s)

Approximate Living Area Total1711

Approximate Lot Size (Acres)0.09

Total Parking2

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningSF2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 40 Summer St, Medford MA 02155

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher

Financial Data Source

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 40 Summer St, Medford MA 02155

Real Estate Taxes6889

Tax Year2026

Assessed Value$798,300

Financial Data Source

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 40 Summer St, Medford MA 02155

Neighborhood(s)

MLS AreaTufts University

Area AmenitiesWalk/jog Trails

Contact Information for 40 Summer St, Medford MA 02155

Agent

Name: Jacqueline Veri

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 617-666-2121

Payment Calculator

, Interest

Property Taxes 574.08

Principal & Interest 5545.51

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Jacqueline Veri

Agent Phone

Office Phone

(617) 666-2121

Text Agent Call Agent Call Office

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EXIT

1 More Photo