J
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
6,208
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 Compared to Growth
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
146 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73401630
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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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