Multi Family at 40 Summer St, Medford MA 02155
Multi Family at 40 Summer St, Medford MA 02155, photo 2 of 4
Multi Family at 40 Summer St, Medford MA 02155, photo 3 of 4
Multi Family at 40 Summer St, Medford MA 02155, 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
MLS Property Information Network
MLS #
73537617
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
129
On market date
June 17, 2026
Stories
3
Total bathrooms
2
Garage spaces
N/A
Parking spaces
2
Lot size
0.09 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

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, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 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
Google Places 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 129 days -- 44 more days than Medford's current average of 85 days.
For reference, the median list price across 624 active listings in Medford right now is $369,950.

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 September 23, 2026.

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.