Perfect for 1031 exchange and investors! This is a rare opportunity to buy from the limited 4-family inventory pool. This property features two separate two-family units on one lot, a total of four units! It has been a cash cow for the seller. Convenient location to transportation and shopping. All units have separate utilities. The property consists of a large 5-bedroom, 2-bedroom, and 2 one-bedroom apartments. The property has had several updates over the years, including replaced water heaters, newer heater systems, bathrooms, etc. Any money put in this property will only add to long-term equity. Parking for 3 cars in the driveway. This property also has great potential to increase the value considerably.
Property Details
Price:
$1,749,000
MLS #:
73374735
Status:
Active
Beds:
9
Baths:
5
Address:
87-87A Spring Street
Type:
Multi Family
Subtype:
4 Family
City:
Medford
Listed Date:
May 14, 2025
State:
MA
Finished Sq Ft:
3,388
Total Sq Ft:
3,388
ZIP:
02155
Lot Size:
4,223 sqft / 0.10 acres (approx)
Year Built:
1900
Units:
4
Schools
Interior
Bathrooms
5 Full Bathrooms
Flooring
Wood
Exterior
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
3
Roof
Shingle
Financial
Tax Year
2025
Taxes
$7,630
Map
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CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
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87-87A Spring Street
Medford, MA
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