40 Summer St, Medford, MA 02155
Middlesex County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1910
Stories
3
Living Area
1,711 sq ft
Lot Size
0.09 acres
Parking Spaces
2
Zoning
SF2
Days on Market
9
MLS® Listing#
73537617
Property Features
Appliances
Heating
Flooring
Parking
Patio
Lot Features
Construction
Foundation
Roof
Windows
Community
Sewer
Water Source
Financial Details
Annual Taxes
$6,889
Tax year 2026
Assessed Value
$798,300
Parcel Number
M:O08 B:0081 L:0000,641067
Directions
Main St to Summer St
Affordability Calculator
$179,800
Estimated monthly payment
$4,785/mo
Principal $719,200 · Est. interest $1,003,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Medford, MA
- $916,667
- Median Listing Price
- 46
- Median Days on Market
- 2,026
- Median Sq Ft
- $501
- Median Price / Sq Ft
- 118
- Active Listings
- This home’s price is 2% below the area median.
- Its price per sq ft is 5% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Medford, MA.
Location
Points of Interest in Medford, MA
Showing the Medford area map.
Nearby Schools
Lorin L Dame School
School · 0.2 mi away
Eliot-Pearson Children's School
School · 0.3 mi away
Launch & Learn
School · 0.4 mi away
Andrews School
Secondary · 0.4 mi away
The Fletcher School
School · 0.6 mi away
Swan Elementary School
Elementary · 0.7 mi away
Curtis-Tufts High School
Secondary · 0.8 mi away
John J McGlynn Elementary School
Elementary · 0.8 mi away
Conwell Elementary School
Elementary · 0.8 mi away
Milton Fuller Roberts Elementary School
Elementary · 0.9 mi away
Global Development and Environment Institute
School · 0.9 mi away
West Somerville Neighborhood School
Elementary · 0.9 mi away
Brooks Elementary School
Elementary · 0.9 mi away
Franklin Elementary School
Elementary · 1.0 mi away
St Francis of Assisi
School · 1.0 mi away
Missituk Elementary School
Elementary · 1.0 mi away
Somerville Community Schools
School · 1.1 mi away
Benjamin G Brown School
Elementary · 1.2 mi away
St Raphael Parish
School · 1.2 mi away
Medford High School
Secondary · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 44 Jerome St, Medford, MA | $679,900 | 3 | 2 | 1,483 |
| 16 Glenwood Ave, Medford, MA | $699,000 | 4 | 2 | 1,603 |
| 77 Brookings St 2, Medford, MA | $745,000 | 3 | 2 | 1,411 |
| 525 Winthrop St, Medford, MA | $749,000 | 6 | 2 | 1,820 |
| 2500 Mystic Valley Pkwy 401, Medford, MA | $749,900 | 3 | 2 | 1,700 |
| 23 Murray Hill Rd, Medford, MA | $749,999 | 3 | 1 | 1,187 |
Moving Cost Estimate
EXIT Agents in Medford
Listing Courtesy: Berkshire Hathaway HomeServices Commonwealth Real Estate - 6176662121
Presented by: Jacqueline Veri