237 Highland Ave Somerville, MA 02143
Spring Hill NeighborhoodEstimated payment $14,338/month
Highlights
- Medical Services
- Property is near public transit
- Shops
- Somerville High School Rated A-
- Wood Flooring
- 4-minute walk to Albion Park
About This Home
Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods. Group showings and OH Only. Thurs June 18: 12-1pm, Fri June 19: 12-1pm, OH Sat June 20: 12-1:30pm, Sun June 21: 12-1:30pm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,575
Year Built
- Built in 1900
Lot Details
- 3,333 Sq Ft Lot
- Level Lot
Home Design
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- 6,020 Sq Ft Home
- Property has 1 Level
- Basement
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Location
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number M:0034 B:000E L:0045,752346
Community Details
Overview
- 6 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Building Details
- Electric Expense $6,269
- Insurance Expense $10,729
- Water Sewer Expense $9,709
- Operating Expense $26,707
- Net Operating Income $123,293
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | $1,833,200 | $464,800 | $1,368,400 |
| 2024 | -- | $1,791,500 | $464,800 | $1,326,700 |
| 2023 | $0 | $1,760,200 | $464,800 | $1,295,400 |
| 2022 | $0 | $1,706,700 | $442,700 | $1,264,000 |
| 2021 | $0 | $1,622,900 | $421,600 | $1,201,300 |
| 2020 | $0 | $1,528,400 | $405,400 | $1,123,000 |
| 2019 | $0 | $1,475,500 | $352,500 | $1,123,000 |
| 2018 | $0 | $1,271,100 | $320,500 | $950,600 |
| 2017 | -- | $974,700 | $302,300 | $672,400 |
| 2016 | -- | $859,200 | $276,500 | $582,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/16/2026 06/16/26 | For Sale | $2,475,000 | +72.4% | $411 / Sq Ft | |
| 08/25/2016 08/25/16 | Sold | $1,435,200 | -7.4% | $238 / Sq Ft | View Prior Sale |
| 06/14/2016 06/14/16 | Pending | -- | -- | -- | |
| 01/13/2016 01/13/16 | For Sale | $1,550,000 | 0.0% | $257 / Sq Ft | |
| 01/05/2016 01/05/16 | Pending | -- | -- | -- | |
| 12/27/2015 12/27/15 | For Sale | $1,550,000 | -- | $257 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,435,200 | -- | |
| Deed | $260,000 | -- | |
| Warranty Deed | $260,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,076,400 | Commercial | |
| Previous Owner | $388,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73536580
APN: SOME-000034-E000000-000045
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.
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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