For sale

Price cut: $50K (9/19)

$849,000

40 Summer St, Medford, MA 02155

4beds

1,711sqft

$5,716/mo

Get pre-qualified

Multi Family

Built in 1910

-- sqft lot

$843,200 Zestimate^®

$496/sqft

$-- HOA

What's special

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.

106 days
867
34

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
Basement: Full,Interior Entry
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, for Gas Oven

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Private School, Public School, University, Sidewalks

Location

Region: Medford

Financial & listing details

Price per square foot: $496/sqft
Tax assessed value: $798,300
Annual tax amount: $6,889
Date on market: 6/23/2026
Listing terms: Contract
Total actual rent: 0
Road surface type: Paved

Estimated market value

$843,200

$801,000 - $885,000

$4,435/mo

Price history

Date	Event	Price
9/19/2026	Price change	$849,000-5.6%$496/sqft
Source: MLS PIN #73537617 Report a problem
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