40 Summer St Medford — Photo 1 of 4
Recent Drop: $999
$899,000
Investment Analysis — 40 Summer St
Medford, MA 02155 — Tufts University
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02155 carries an estimated $6,640/mo in gross rent — about a 5.97% cap rate and $53,668/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,711
Style
Multi Family
Built
1910
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Private School • Public School • University
Geography
Property History
$899,000
Was $899,999
Jun 22, 2026
MLS® 73537617
$899,999
Jun 17, 2026
MLS® 73537617
Listing Agent: Jacqueline Veri
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73537617