Seller's Agent in 2025
Jessica Mirabella
Coldwell Banker Realty - Lexington
(781) 439-0940
2 in this area
8 Total Sales
18 Summit Ave Somerville, MA 02143
Prospect Hill Neighborhood
6
Beds
5
Baths
4,715
Sq Ft
6,098
Sq Ft Lot
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 2025Rare 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
Coldwell Banker Realty - Lexington Listed on: 07/09/2025
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $17,721 | $1,624,300 | $841,900 | $782,400 |
| 2024 | $17,088 | $1,624,300 | $841,900 | $782,400 |
| 2023 | $16,623 | $1,607,600 | $841,900 | $765,700 |
| 2022 | $15,958 | $1,567,600 | $801,900 | $765,700 |
| 2021 | $15,244 | $1,496,000 | $763,600 | $732,400 |
| 2020 | $14,799 | $1,466,700 | $734,300 | $732,400 |
| 2019 | $13,496 | $1,254,300 | $638,400 | $615,900 |
| 2018 | $12,626 | $1,116,400 | $580,400 | $536,000 |
| 2017 | $11,829 | $1,013,600 | $547,500 | $466,100 |
| 2016 | $11,197 | $893,600 | $500,800 | $392,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Mirabella
-
Shahani Real Estate Team
Buyer's Agent in 2025
Shahani Real Estate Team
Compass
(617) 216-1493
2 in this area
145 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73401630
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