$1,990,000
SOLD APR 29, 2025
9 Beds
3 Baths
3,102 Sq Ft
3,424 Sq Ft Lot

Recently Sold

$642 Per Sq Ft

6 Days on Market

Highlights

  • Medical Services
  • Deck
  • Wood Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • Mud Room

About This Home

As of April 2025

This renovated two-family is a prime investment opportunity. It sits on a quiet street directly adjacent to Tufts and the new Medford/Tufts Green Line T and offers an outstanding opportunity for an investor seeking strong, stable rents with a current annual rent roll of $139,500 through May 2026. Both units offer private entry, stainless steel appliances and many updates - new roof (2025), painted exterior (2024), recently remodeled bathroom with Carrara marble. Unit #1 - leased for $3,825/mo - is a 3 bedroom, 1 bath floor-through with direct access to the spacious front deck and rear yard. Unit #2  - leased for $7,800/mo - a 6 bedroom, 2 bath upper duplex with deck. The clean + spacious walkout basement has separate systems, high ceilings and has potential to increase your rent roll. Heating and electricity is paid for by tenants. Fenced yard, decks and two parking spaces. Dream location for an investor due to unsatisfied off-campus housing need! Close to Davis Square/Red Line T.

Last Agent to Sell the Property

Lauren Holleran Team

Gibson Sotheby's International Realty Listed on: 03/22/2025

Gibson Sotheby's International Realty

Co-Listed By

Michael George

Gibson Sotheby's International Realty

Last Buyer's Agent

The Petrowsky Jones Group

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,164

Year Built

  • Built in 1920

Lot Details

  • 3,424 Sq Ft Lot
  • Fenced
  • Gentle Sloping Lot

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,102 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Insulated Doors
  • Mud Room
  • Living Room
  • Storage
  • Washer

Kitchen

  • Range
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Choice Elementary And Middle School
  • Somerville High School

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • High Speed Internet
  • Internet Available

Listing and Financial Details

  • Total Actual Rent $11,625
  • Rent includes unit 1(water), unit 2(water)
  • Legal Lot and Block 15 / D
  • Assessor Parcel Number 007D.00015000000

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $2,500
  • Water Sewer Expense $3,000
  • Operating Expense $17,664
  • Net Operating Income $121,836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,164

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1920
  • Levels: 3
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Storage, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Remodeled, Internet Available - Broadband, Upgraded Countertops, Internet Available - Unknown, Living Room, Kitchen, Laundry Room, Mudroom
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Washer
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Walk-Out Access, Interior Entry, Unfinished
  • Above Grade Finished Sq Ft: 3102
  • Living Area: 3102
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Picture Window, Box/Bay/Bow Window(s), Insulated Windows
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 641.52
  • PRICE PER Sq Ft: 641.52
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: None
  • Heating: Steam, Natural Gas, Electric
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3000

Lot Info

  • Parcel Number: 007D.00015000000
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3424
  • Lot Size Units: Acres
  • PAGE: 0156
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 12163.54
  • Tax Block: D
  • Tax Book Number: 57251
  • Tax Lot: 15
  • Tax Map Number: 7

Multi Family

  • Gross Income: 139500
  • Insurance Expense: 2500
  • Net Operating Income: 121836
  • Number Of Units Total: 2
  • Operating Expense: 17664
  • Total Actual Rent: 11625
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Somerville Hs
  • Elementary School: Choice
  • Middle Or Junior School: Choice

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2025 06/01/25 For Rent $7,800 0.0% --
04/29/2025 04/29/25 Sold $1,990,000 0.0% $642 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
03/22/2025 03/22/25 For Sale $1,990,000 0.0% $642 / Sq Ft
10/08/2024 10/08/24 Off Market $7,800 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73348893

MLS Property Information Network (MLS PIN)