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    87-89 Spring St Medford, MA 02155

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    For Sale
    $1,499,000

    Four units on one lot, convenient location, good cash flow.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 24 at 5:50 pm

    Property Features for 87-89 Spring St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

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    Listing Contact
    The Shahani Group

    Listing agent The Shahani Group

    Listing office Compass

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Compass


    Overview

    Four-Unit Multifamily Investment Opportunity

    This property presents a rare opportunity for investors and those seeking a 1031 exchange. It features two separate structures situated on a single lot, comprising a total of four units. The unit mix includes a large 5-bedroom apartment, two 2-bedroom apartments, and a 1-bedroom apartment. Located conveniently near transportation and shopping, the property offers ease of access to local amenities. Tenants are responsible for covering their own utility expenses. Several updates have been made to the property over the years, including replaced water heaters and newer heater systems. There is parking space for 3 cars in the driveway. The property has great potential to increase future value considerably. The bike score is 63, indicating it is bikeable. The walk score is 70, meaning it is somewhat walkable. The transit score is 45, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0927851
    Latitude
    42.4154625

    FAQs

    What type of property is this?
    Quadplex - Four units on one lot, convenient location, good cash flow.
    Where is this quadplex located?
    The property is located at 87-89 Spring St Medford, MA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Four Units on One Lot: Two separate structures provide a diverse rental portfolio.; Good Cash Flow: Presents an immediate income opportunity for investors.; Tenants Pay Utilities: Reduces landlord expenses and increases net operating income.
    More about this property
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