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$1,499,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 9 Total Beds
  • 0.1 Acres
  • Updated 11 hours ago
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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.

Full Property Details for 87-89 Spring St

General

  • Price: $1,499,000
  • Taxes: $7,630 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73500616
  • Updated: Today (4/14/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 9

Parking

  • Parking Features: Paved Drive, Off Street, On Street

Location

  • County: Middlesex

Structural Information

  • Basement: Yes
  • Stories/Levels: 5
  • Square Feet: 3,388
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.1

Financial Considerations

  • Tax Amount: $7,630
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Agent has ownership interest in the property. Owner never lived in the property.

Listed by Compass, The Shahani Group and Jeetendra Shahani

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Listing agents

— 87-89 Spring St —

  • The Shahani Group

    Compass

  • Jeetendra Shahani

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 87-89 Spring St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/14/2026
Listed
$1,499,000
95.95%
MLS
1/25/2017
Sold
$765,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 87-89 Spring St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,974
18%
$1,019,800
14%
2024
$7,630
2%
$895,500
4%
2023
$7,480
-1%
$864,700
3%
2022
$7,549
7%
$837,900
11%
2021
$7,080
1%
$752,400
-1%
2020
$6,981
-7%
$760,500
-3%
2019
$7,521
-1%
$783,400
6%
2018
$7,560
7%
$738,300
10%
2017
$7,069
2%
$669,400
8%
2016
$6,906
7%
$617,200
11%
2015
$6,477
9%
$553,600
14%
2014
$5,961
—
$486,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Compass, The Shahani Group and Jeetendra Shahani

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87-89 Spring Street, Medford, MA 02155 (MLS# 73500616) is a Multi-Family property with 4 units containing 9 bedrooms and 5 full bathrooms. 87-89 Spring Street is currently listed for $1,499,000 and was received on April 14, 2026. Want to learn more about 87-89 Spring Street? Do you have questions about finding other Multi-Family real estate for sale in Medford? You can browse all Medford real estate or contact a Coldwell Banker agent to request more information.

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