$2,000,000
SOLD SEP 2, 2025

18 Summit Ave Somerville, MA 02143

Prospect Hill Neighborhood
6 Beds
5 Baths
4,715 Sq Ft
6,208 Sq Ft Lot

Recently Sold

$424 Per Sq Ft

5% Above List Price

5 Days on Market

Highlights

  • 0.14 Acre Lot
  • Property is near public transit
  • Bathtub with Shower
  • Somerville High School Rated A-
  • Wood Flooring
  • 4-minute walk to Prospect Hill Park

About This Home

As of September 2025

Rare investment opportunity in one of Somerville’s most high-demand neighborhoods, Prospect Hill! Don't miss an incredible opportunity to own this historic 5 family home located on a quiet street just minutes (.05 mi) from the Union Square train station. Upon entering the foyer of this home you will notice the original woodwork of the main staircase & built in bench. Units 1-4 , each with their own unique layout, are spacious and provide 1 bedroom, bath, living room & kitchen. Unit 5 occupies the entire 3rd floor providing 2 generous sized bedrooms, living room, kitchen & bath. Perfect for investors or owner-occupants seeking rental income.

Last Agent to Sell the Property

Jessica Mirabella

Coldwell Banker Realty - Lexington Listed on: 07/09/2025

Coldwell Banker Realty - Lexington

Last Buyer's Agent

Shahani Real Estate Team

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,721

Year Built

  • Built in 1900

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,715 Sq Ft Home
  • Living Room
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Interior Basement Entry
  • Block Basement Construction

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • No Cooling
  • Heating System Uses Steam

Additional Features

  • 6,208 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $9,005
  • Rent includes unit 1(heat hot water), unit 2(heat hot water), unit 3(heat hot water), unit 4(heat hot water)
  • Assessor Parcel Number 757900

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $108,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,721

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 5
  • Year Built Details: Actual,Certified Historic
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Bathroom With Tub & Shower, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Interior Entry, Concrete, Unfinished
  • Above Grade Finished Sq Ft: 4715
  • Living Area: 4715
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 402.97
  • PRICE PER Sq Ft: 424.18
  • MAIN SO: AN2383

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Steam
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Rent Includes: Unit 1(Heat,Hot Water), Unit 2(Heat,Hot Water), Unit 3(Heat,Hot Water), Unit 4(Heat,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 757900
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6208
  • Lot Size Units: Acres
  • PAGE: 379

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 17721
  • Tax Book Number: 58442

Multi Family

  • Gross Income: 108060
  • Net Operating Income: 108060
  • Number Of Units Total: 5
  • Total Actual Rent: 9005
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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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 List to Sale Price per Sq Ft
09/02/2025 09/02/25 Sold $2,000,000 +5.3% $424 / Sq Ft
07/14/2025 07/14/25 Pending -- -- --
07/09/2025 07/09/25 For Sale $1,900,000 -- $403 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jessica Mirabella

    Coldwell Banker Realty - Lexington

    (781) 439-0940

    2 in this area

    11 Total Sales

    Jessica Mirabella
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73401630

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Somerville 02143 Prospect Hill

18 Summit Ave, Somerville, MA

This home is located at 18 Summit Ave, Somerville, MA 02143 and is currently priced at $2,000,000, approximately $424 per square foot. This property was built in 1900. 18 Summit Ave is a home located in Middlesex County with nearby schools including Somerville High School and Prospect Hill Academy Upper Elementary Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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