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40 Summer St, Medford MA 02155

Medford, MA 02155 • Tufts University
$899,999
$899,000
Est. $5,320/month
4
Beds
2
Baths
1,711
Sq Ft
$525
Price/Sq Ft
0.09
Acres
1910
Year Built
2
Parking
20
Days on Market
Active Price Drop -$999 Listed Jun 17, 2026 • MLS# 73537617 Copied! • Updated Jun 26, 2026

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.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
0.1%
Price Range

Property Timeline

Price Reduced
Jun 22, 2026
$899,000 $999 (-0.11%)
From $899,999 to $899,000 (-0.1%)
🏠
Listed for Sale
Jun 17, 2026
$899,999
Original listing
Agent: Jacqueline Veri Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

Tax History

Year Taxes Assessment
2026 $6,889 $798,300

Financial Details

Annual Property Tax
$6,889
Tax Year 2026
Assessed Value
$798,300

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1910
Living Area 1,711 sq ft
Lot Size 0.09 acres
Bedrooms 4
Full Baths 2
Total Rooms 10

Investment Metrics

Units 2
Unit 1 Rent — · N
Unit 2 Rent — · N
Heating None
Cooling None
Flooring Wood
Appliances Range, Refrigerator
Fireplace None
Basement None
Laundry None
Features Living Room, Dining Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Features Paved Drive, Off Street
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $6,889
Assessed Value $798,300
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures One Heating System And One Electrical Meter For Both Units. All Utilities Had Been Included In The Rent. Will Be Delivered Vacant
Possession None
Accepted Financing Contract
Structure Type []
House Color Blue/Grey
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 9 days

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1910
Bedrooms
4
Full Bathrooms
2
Living Area
1,711 sq ft
Total Rooms
10
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood
Appliances: Range, Refrigerator
Interior Features: Living Room, Dining Room, Kitchen
Windows: Insulated Windows
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1910
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 2
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive, Off Street
School District
Medford School District local
B+
School Safety 2024-25
1.0% Low
0.8% Suspensions 0.1% In-School 0.2% Emergency
4.5% below state avg
E

Elementary Schools

6 schools
St. Joseph Elementary School
0.4 mi
Grades PK-08
St. Raphael Elementary School
1.2 mi
Grades PK-08
B-
John J McGlynn Elementary School
0.8 mi | #422 of 824 | Score: 47.1
Improved 242 spots from last year
-11.1 below state avg
505 students Very Diverse
Rising School Diverse Student Body
Grades PK-05
B
Milton Fuller Roberts School
0.9 mi | #353 of 824 | Score: 49.1
Improved 194 spots from last year
-9.1 below state avg
586 students Diverse
Rising School Diverse Student Body
Grades PK-05
A+
Brooks School
0.9 mi | #2 of 12 | Score: 59.7
Improved 135 spots from last year
+1.5 above state avg
556 students Moderate
Rising School
Grades PK-05
B+
Missituk Elementary School
1.0 mi | #300 of 824 | Score: 50.8
Improved 77 spots from last year
-7.4 below state avg
418 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

2 schools
B+
Madeleine Dugger Andrews Middle School
0.8 mi | #128 of 352 | Score: 46.6
Improved 32 spots from last year
-11.6 below state avg
435 students Diverse
Rising School
Grades 06-08
B-
John J. McGlynn Middle School
1.7 mi | #206 of 352 | Score: 40.2
Improved 30 spots from last year
-18.1 below state avg
464 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
A-
Medford High School
1.3 mi | #94 of 346 | Score: 60.6
Improved 24 spots from last year
+2.3 above state avg
1,195 students Diverse
19 sports • 1,212 athletes
Strong AP Program Rising School Career Tech Programs College Ready Curriculum
Grades PK-12
Curtis-Tufts School
0.8 mi
11 students Diverse
Diverse Student Body
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $574
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
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Current Rate
$0/mo
+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Tufts University

40 Summer St, Medford MA 02155

Medford, MA 02155

Listing Information

Listing Agent Jacqueline Veri
Listing Office Berkshire Hathaway HomeServices Commonwealth Real Estate
Office Phone 617-666-2121
Agent MLS ID B9500124
Office MLS ID AN4885
Listing Data Updated Jun 26, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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