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.
For sale
Price cut: $999 (6/22)
$899,000
40 Summer St, Medford, MA 02155
4beds
1,711sqft
Multi Family
Built in 1910
-- sqft lot
$878,900 Zestimate®
$525/sqft
$-- HOA
What's special
- 18 days |
- 940 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Jacqueline Veri 617-293-3005,
Berkshire Hathaway HomeServices Commonwealth Real Estate 617-666-2121
Source: MLS PIN,MLS#: 73537617
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Range, Refrigerator
Features
- Living Room, Dining Room, Kitchen
- Flooring: Wood
- Windows: Insulated Windows
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,711
- Total interior livable area: 1,711 sqft
- Finished area above ground: 1,711
Property
Parking
- Total spaces: 2
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 2
Features
- Patio & porch: Enclosed
Lot
- Size: 3,792 Square Feet
- Features: Level
Details
- Parcel number: M:O08 B:0081 L:0000,641067
- Zoning: SF2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Private School, Public School, University, Sidewalks
Location
- Region: Medford
Financial & listing details
- Price per square foot: $525/sqft
- Tax assessed value: $798,300
- Annual tax amount: $6,889
- Date on market: 6/17/2026
- Listing terms: Contract
- Total actual rent: 0
- Road surface type: Paved
Estimated market value
$878,900
$835,000 - $923,000
$4,340/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Price change | $899,000-0.1%$525/sqft |
Source: MLS PIN #73537617 Report a problem | ||
| 6/17/2026 | Listed for sale | $899,999$526/sqft |
Source: MLS PIN #73537617 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,019 | $706,500 |
| 2024 | $6,019 +2.8% | $706,500 +4.4% |
| 2023 | $5,854 +0.5% | $676,800 +4.7% |
| 2022 | $5,823 +5.2% | $646,300 +9.9% |
| 2021 | $5,533 +0.4% | $588,000 -2.1% |
| 2020 | $5,512 +5.1% | $600,400 +9.9% |
| 2019 | $5,246 +4.8% | $546,500 +11.7% |
| 2018 | $5,008 +6% | $489,100 +9.3% |
| 2017 | $4,726 +2.8% | $447,500 +8.9% |
| 2016 | $4,598 -3.5% | $410,900 +0.9% |
| 2015 | $4,764 +6.2% | $407,200 +11.3% |
| 2014 | $4,484 +3.2% | $366,000 +4.1% |
| 2013 | $4,345 +5.7% | $351,500 +2.9% |
| 2012 | $4,111 +3.5% | $341,700 -0.1% |
| 2011 | $3,972 +3.6% | $342,100 -2.1% |
| 2010 | $3,835 -8.1% | $349,300 -15.6% |
| 2009 | $4,172 -2.1% | $413,900 -11.4% |
| 2008 | $4,260 +0.3% | $467,100 -2.3% |
| 2007 | $4,249 +6% | $478,000 +8.6% |
| 2006 | $4,009 +5.5% | $440,100 +9.2% |
| 2005 | $3,800 +6.7% | $403,000 +7.3% |
| 2004 | $3,561 +8.9% | $375,600 +52.6% |
| 2003 | $3,270 +3.4% | $246,200 |
| 2002 | $3,164 +28.9% | $246,200 +59.7% |
| 2000 | $2,455 +2.8% | $154,200 |
| 1999 | $2,389 | $154,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 02155
Nearby schools
GreatSchools rating
- 4/10Missituk Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Andrews Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Medford High SchoolGrades: PK,9-12Distance: 1.3 mi
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A local lender can help you make sure your offer is ready when you are.
- Massachusetts
- Middlesex County
- Medford
- 02155
- 40 Summer St
Nearby cities
Nearby zip codes
Other Medford Topics
