15 Albion St Somerville, MA 02143
Spring Hill NeighborhoodEstimated payment $12,530/month
Highlights
- Living Room
- Gentle Sloping Lot
- 2-minute walk to Hoyt-Sullivan Playground
- Somerville High School Rated A-
About This Home
Fully Leased 3-Unit Investment Property - $11,100 Monthly Rental Income! Discover an exceptional turnkey investment opportunity in the heart of Somerville. 15 Albion Street is a well-maintained three-family property generating a $133,200 annually. Each unit is fully leased with strong tenant history and parking for up to 5 cars. Each apartment offers private washer/dryers and is separately metered for gas and electricity, minimizing owner expenses and simplifying management. The property is ideally situated right along the Somerville Community Path, a scenic bike & walking trail connecting Davis Square to the new Green Line Extension, offering tenants easy access to public transportation and vibrant neighborhood amenities. Residents enjoy the luxury of 3 individual outdoor spaces and a perfect blend of urban convenience and outdoor lifestyle—just minutes to Davis Square, Porter Square, and Tufts University, as well as quick access to I-93 and Boston.
Listing Agent
Alex Jafry
Sterling Beacon Hill Listed on: 10/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,810
Year Built
- Built in 1900
Lot Details
- 5,662 Sq Ft Lot
- Gentle Sloping Lot
Home Design
- Stone Foundation
Interior Spaces
- 4,628 Sq Ft Home
- Living Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Parking
- 5 Car Parking Spaces
- Driveway
- Open Parking
Utilities
- 3 Heating Zones
Listing and Financial Details
- Assessor Parcel Number 753601
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Electric Expense $564
- Insurance Expense $4,464
- Water Sewer Expense $3,000
- Operating Expense $8,028
- Net Operating Income $133,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,135 | $1,570,600 | $537,700 | $1,032,900 |
| 2024 | $16,050 | $1,525,700 | $537,700 | $988,000 |
| 2023 | $15,683 | $1,516,700 | $537,700 | $979,000 |
| 2022 | $14,997 | $1,473,200 | $512,100 | $961,100 |
| 2021 | $12,764 | $1,252,600 | $487,700 | $764,900 |
| 2020 | $11,929 | $1,182,300 | $468,900 | $713,400 |
| 2019 | $10,997 | $1,022,000 | $407,700 | $614,300 |
| 2018 | $10,020 | $885,900 | $370,700 | $515,200 |
| 2017 | $9,909 | $849,100 | $349,700 | $499,400 |
| 2016 | $9,916 | $791,400 | $319,800 | $471,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/29/2025 10/29/25 | For Sale | $2,100,000 | +40.0% | $454 / Sq Ft | |
| 12/04/2020 12/04/20 | Sold | $1,500,000 | -5.1% | $324 / Sq Ft | View Prior Sale |
| 10/17/2020 10/17/20 | Pending | -- | -- | -- | |
| 10/14/2020 10/14/20 | Price Changed | $1,580,000 | -11.2% | $341 / Sq Ft | |
| 09/30/2020 09/30/20 | For Sale | $1,780,000 | -- | $385 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $1,500,000 | None Available | |
| Quit Claim Deed | $1,500,000 | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $650,000 | -- | |
| Deed | $650,000 | -- | |
| Deed | $195,000 | -- | |
| Deed | $195,000 | -- | |
| Deed | $250,000 | -- | |
| Deed | $250,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $975,000 | Commercial | |
| Previous Owner | $316,300 | Purchase Money Mortgage | |
| Previous Owner | $85,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73449226
APN: SOME-000042-B000000-000028
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