Perfect for 1031 exchange and investors! Rare opportunity to buy from the limited 4-family inventory pool with good cash flow. This property features two separate structures on one lot, a total of four units! Convenient location to transportation and shopping. Tenants pay for their own utilities. The property consists of a large 5-bedroom, 2 two-bedroom, and a one-bedroom apartment. The property has had several updates over the years, including replaced water heaters, newer heater systems, 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 future value considerably.
Listed by Jeetendra Shahani
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Compass
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617-216-1492
Listed by The Shahani Group
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Compass
Last updated April 18, 2026
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Source: MLSPin #73500616
Listing Facts
TypeMulti-family
NeighborhoodGlenwood
Bedrooms9
Bathrooms5
Days on Prevu17
Taxes$7,630/year
Size3,388 sqft
Price per sqft$442
Amenities
Parking
Location
Mortgage Calculator
Listing History
04/14/2026
Listed by Compass
$1,499,000
Property Details for 87-89 Spring Street
Exterior
Construction
Number Of Units Total: 4
Stories: 5
Stories Total: 5
Year Built: 1900
Year Built Details: Actual
Measurements
Building Area Total: 3,388
Building Area Units: Square Feet
Lot Size Acres: 0.10
Lot Size Area: 0
Lot Size Square Feet: 4,223
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $139,800.00
Taxes
Tax Annual Amount: $7,630.00
Tax Assessed Value: $895,000.00
Tax Year: 2025
Interior
Measurements
Living Area: 3,388
Living Area Source: Public Record
Rooms
Basement: Full
Bathrooms Full: 5
Bathrooms Total Integer: 5
Bedrooms Total: 9
Rooms Total: 20
Parking
Parking
Open Parking Spaces: 3
Open Parking: Yes
Parking Features: Paved Drive, Off Street, On Street
Parking Total: 3
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 9 bedrooms and 5 bathrooms in this multi-family home at 87-89 Spring Street.
Does this multi-family home have parking?
Yes, there are 3 parking spaces available for 87-89 Spring Street.
What are the annual taxes for 87-89 Spring Street?
Annual taxes for this multi-family home are estimated at $7,630.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,388 sqft.
87-89 Spring Street is a 9-bedroom, 5-bath multi-family home for sale in Medford MA 02155. Listed on Prevu for 17 days at $1,499,000. This residence features 3,388 square feet of living space, located in Glenwood. The median listing price for multi-family homes in this area is $929,900. Additional amenities include parking. Browse more multi-family home listings in Medford.
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