87 Spring St Medford, MA 02155
Glenwood NeighborhoodEstimated payment $8,584/month
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, 2 two-bedroom, and a one-bedroom apartment. 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.
Open House Schedule
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Sunday, April 26, 20261:45 to 2:45 pm4/26/2026 1:45:00 PM +00:004/26/2026 2:45:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,630
Year Built
- Built in 1900
Lot Details
- 4,223 Sq Ft Lot
Home Design
- Stone Foundation
Interior Spaces
- 3,388 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Driveway
- On-Street Parking
- 3 Open Parking Spaces
- Off-Street Parking
Community Details
Overview
- 4 Units
- Property has 1 Level
Building Details
- Net Operating Income $139,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,974 | $1,019,800 | $331,100 | $688,700 |
| 2024 | $7,630 | $895,500 | $315,300 | $580,200 |
| 2023 | $7,480 | $864,700 | $294,700 | $570,000 |
| 2022 | $7,549 | $837,900 | $267,900 | $570,000 |
| 2021 | $7,080 | $752,400 | $255,200 | $497,200 |
| 2020 | $6,981 | $760,500 | $255,200 | $505,300 |
| 2019 | $7,521 | $783,400 | $232,000 | $551,400 |
| 2018 | $7,560 | $738,300 | $210,900 | $527,400 |
| 2017 | $7,069 | $669,400 | $197,100 | $472,300 |
| 2016 | $6,906 | $617,200 | $179,200 | $438,000 |
| 2015 | $6,477 | $553,600 | $170,700 | $382,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $1,499,000 | +95.9% | $442 / Sq Ft | |
| 01/25/2017 01/25/17 | Sold | $765,000 | -4.3% | $226 / Sq Ft | View Prior Sale |
| 12/12/2016 12/12/16 | Pending | -- | -- | -- | |
| 11/28/2016 11/28/16 | For Sale | $799,000 | -- | $236 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73500616
APN: MEDF M:O-14 B:0059
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. MLS Property Information Network, Inc. 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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Ask me questions while you tour the home.