87-89 Spring St

3,388 Sq. Ft.
$442 / Sq. Ft.
3,388
Sq. Ft.
$442
per Sq. Ft.

Description

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...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.

Listing Agents

  1. The Shahani Group

    The Shahani Group

    Listing Agent

    Compass

    shahanigroup@compass.com

    P: (617)-216-1493

  2. Jeet Shahani

    Jeet Shahani

    Alternative Listing Agent

    Compass

    jeet.shahani@compass.com

    P: (617)-216-1492

Property Details for 87-89 Spring Street

Town
Medford
Area
MA-Medford
Garage Spaces
0
Open Parking Spaces
3.00
Parking Spaces Total
3
LISTING UPDATED: 04/13/2026 03:07 PM

Property Details for 87-89 Spring Street

StatusComing Soon
MLS #73500616
Days on Market-
Taxes$7,630 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1900
CountyMiddlesex County
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Building Information for 87-89 Spring Street

Stories5Residences4Year Built1900Building Size-Lot Size0.10 AC / 4,223 SF

Payment Calculator

$8,184 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,548

Property Taxes

$636

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 87-89 Spring Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 3388.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, On Street Permit
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, On Street Permit
  • Parking Features: Off-Street, On Street Permit
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Agent has ownership interest in the property. Owner never lived in the property.
Tax Information
  • Assessments: $895,000
  • Book: 68810
  • Tax Year: 2025
  • Zoning: RES
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Levels: 5
Income / Expenses
  • GOI: $139,800.00
  • NOI: $139,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $11,650.00

Property History for 87-89 Spring Street

DateEvent & SourcePriceAppreciation
Sep 30, 2025

Expired

MLS PIN #73404510

$1,499,000
Aug 30, 2025

Temporarily Withdrawn

MLS PIN #73404510

$1,499,000
Jul 15, 2025

Listed (Active)

MLS PIN #73404510

$1,499,000
DateEvent & SourcePrice
09/30/2025

Expired

MLS PIN #73404510

$1,499,000
08/30/2025

Temporarily Withdrawn

MLS PIN #73404510

$1,499,000
07/15/2025

Listed (Active)

MLS PIN #73404510

$1,499,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 87-89 Spring Street

This home is within Medford School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
John J McGlynn Elementary School
PublicK to 5

Andrews Middle School
Public6 to 8

Medford High School
Public9 to 12

John J. McGlynn Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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87-89 Spring Street is a multi-family home Coming Soon in Medford, MA 02155. This property is currently priced at $1,499,000. This listing's school district is Medford School District. Nearby schools include John J McGlynn Elementary School, Andrews Middle School and Medford High School. 87-89 Spring Street is a 9-bed, 5-bath, 3,388 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.