23 Ossipee Rd Somerville, MA 02144
Davis Square NeighborhoodEstimated payment $11,594/month
About This Home
Welcome to 23 Ossipee Rd, a well-maintained three-unit multi-family property ideally located a stones throw away from Tufts University. This turnkey investment currently generates $10,000 per month in rental income, with rent increases already signed for as early as June 1 2026, making it a strong addition to any portfolio - or an excellent opportunity for an owner-occupant looking to offset living costs with steady rental income. The property consists of two spacious 1-bedroom units and one large 4-bedroom unit, each offering in-unit laundry and well-kept interiors. Tenants enjoy multiple outdoor decks/spaces, bright natural light, and comfortable layouts that make the building easy to rent and manage.Outside, the property features off-street parking for up to three cars, a valuable asset in this sought-after Somerville neighborhood. With its strong rental history, stable income stream, 23 Ossipee Rd presents a rare blend of convenience, location, and financial upside.
Listing Agent
Alex Jafry
Sterling Beacon Hill Listed on: 11/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,723
Year Built
- Built in 1920
Lot Details
- 9,999 Sq Ft Lot
Home Design
- 3,386 Sq Ft Home
- Triplex
- Stone Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Driveway
- Open Parking
Listing and Financial Details
- Assessor Parcel Number 748429
Community Details
Overview
- 3 Units
- Property has 3 Levels
Building Details
- Electric Expense $200
- Insurance Expense $5,766
- Water Sewer Expense $3,000
- Operating Expense $12,766
- Net Operating Income $107,234
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 | $18,012 | $1,651,000 | $695,000 | $956,000 |
| 2024 | $16,931 | $1,609,400 | $695,000 | $914,400 |
| 2023 | $16,549 | $1,600,500 | $695,000 | $905,500 |
| 2022 | $15,787 | $1,550,800 | $661,900 | $888,900 |
| 2021 | $14,864 | $1,458,700 | $657,000 | $801,700 |
| 2020 | $14,178 | $1,405,200 | $657,500 | $747,700 |
| 2019 | $13,017 | $1,209,800 | $598,500 | $611,300 |
| 2018 | $11,960 | $1,057,500 | $544,100 | $513,400 |
| 2017 | $11,798 | $1,011,000 | $513,300 | $497,700 |
| 2016 | $11,633 | $928,400 | $458,400 | $470,000 |
| 2015 | $11,116 | $881,500 | $423,300 | $458,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/13/2025 11/13/25 | For Sale | $1,900,000 | +45.0% | $561 / Sq Ft | |
| 08/09/2018 08/09/18 | Sold | $1,310,000 | 0.0% | $387 / Sq Ft | View Prior Sale |
| 05/22/2018 05/22/18 | Pending | -- | -- | -- | |
| 05/12/2018 05/12/18 | For Sale | $1,310,000 | 0.0% | $387 / Sq Ft | |
| 04/23/2018 04/23/18 | Pending | -- | -- | -- | |
| 04/20/2018 04/20/18 | Price Changed | $1,310,000 | -6.4% | $387 / Sq Ft | |
| 04/02/2018 04/02/18 | For Sale | $1,399,000 | -- | $414 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $1,310,000 | -- | |
| Quit Claim Deed | $1,310,000 | -- | |
| Deed | $600,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $982,500 | Unknown | |
| Previous Owner | $355,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | No Value Available | |
| Previous Owner | $10,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73454781
APN: SOME-000011-B000000-000021
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