Michelle Leigh Seales
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Multi Family at 40 Summer St, Medford MA 02155, Medford
Multi Family at 40 Summer St, Medford MA 02155, Medford, photo 2 of 4
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Multi Family at 40 Summer St, Medford MA 02155, Medford, photo 4 of 4
4 photos

$849,000

40 Summer St, Medford MA 02155
Medford, MA 02155
Listed by Jacqueline Veri
Bedrooms
4
Bathrooms
2
Living area
1,711 sqft
Year built
1910

About this home

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 details

MLS #
73537617
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
100
On market date
June 17, 2026
Stories
3
Total bathrooms
2
Garage spaces
N/A
Parking spaces
2
Lot size
0.09 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
John J McGlynn Elementary School
0.83 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
442
Student:teacher ratio
11.6:1
District
Medford
Middle
Madeleine Dugger Andrews
0.75 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
458
Student:teacher ratio
10.7:1
District
Medford
High
Curtis-Tufts
0.84 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
12
Student:teacher ratio
4.0:1
District
Medford

Walkability

Blended score for Medford's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

96
Highly walkable
out of 100
EPA National Walkability Index
18.5 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores13
Parks20
Schools20
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Medford, from live MLS data.

On the market 100 days -- 24 more days than Medford's current average of 76 days.
For reference, the median list price across 543 active listings in Medford right now is $279,900.

Mortgage calculator

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Est. monthly payment
$5,263/mo
$169,800 down
$679,200 loan
Principal & interest$4,405
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 3 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.