Active
84 Days on market
40 Summer St Medford — Photo 1 of 4

40 Summer St Medford — Photo 1 of 4

Recent Drop: $999

$899,999
$899,000

$899,000

40 Summer St, Medford, MA 02155

Medford, MA 02155 — Tufts University

Beds

4

Baths

2

SqFt

1,711

Style

Multi Family

Built

1910

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$525/sqft
Local Avg (Medford)$490/sqft
7% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Medford, MA.

Property Details

Financials

Original Price$899,999
Annual Taxes$6,889

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms10
FireplacesNone
FlooringWood
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSF2

Property & Lot

Acres0.09
SqFt Lot3,792
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Private School • Public School • University

Geography

Property History

Price Drop
$899,000

Was $899,999

Jun 22, 2026

MLS® 73537617

Listed
$899,999

Jun 17, 2026

MLS® 73537617

Population

61,730

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$130K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

46.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Jacqueline Veri

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73537617

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