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$1,499,000

Active

87-89 Spring Street

Medford, MA, 02155

Multi-Family · MLS #73500616

Price/sqft

$442

Days on market

New today

Year built

1900

Lot size

0.10 ac

3,388 sq ft

Sq Ft

0.10 acres

Lot

1900

Year Built

Taxes: $7,630 (2025)

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.

Property details

Basement
Full

Listed by The Shahani Group · Compass

Schedule a showing

87-89 Spring Street

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$8,840 / month

Down payment20% · $299,800
Interest rate6.50%

Loan term

Principal & interest
$7,580
Property tax
$636
Home insurance
$625

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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