PENDING
$50K PRICE INCREASE
281 Alewife Brook Pkwy Somerville, MA 02144
West Somerville NeighborhoodEstimated payment $7,323/month
Total Views
1,617
5
Beds
2
Baths
2,350
Sq Ft
$500
Price per Sq Ft
Highlights
- Sun or Florida Room
- Porch
- Dining Room
- Somerville High School Rated A-
- Living Room
- 3-minute walk to North Street Veterans Playground
About This Home
Directly across from Dilboy Field and close to Tufts and Teele Square, this well-maintained 2-family is a prime investment opportunity with strong rental income in place. Set on a dead-end cul-de-sac and tucked off the main street across from a newly added park, the first-floor 2-bed, 1-bath unit is leased through August 2026; the upper 3-bed, 1-bath unit with private porch is leased through August 2025. Both units offer hardwood floors, separate living and dining rooms, and period charm including built-in china cabinets. A fenced backyard and off-street parking for 3+ cars add value and appeal. With stable tenants and a desirable location near transit, parks, and universities, this property is a smart addition to any portfolio. Seller welcomes offers with requests for buyer concessions.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,198
Year Built
- Built in 1920
Lot Details
- 4,624 Sq Ft Lot
- Fenced
- Sloped Lot
Home Design
- Block Foundation
- Shingle Roof
Interior Spaces
- 2,350 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Sun or Florida Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Porch
Utilities
- Hot Water Heating System
- Heating System Uses Steam
Community Details
- 2 Units
- Net Operating Income $78,600
Listing and Financial Details
- Assessor Parcel Number M:4 B:B L:37,747394
Map
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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 | $11,198 | $1,026,400 | $605,000 | $421,400 |
| 2024 | $10,564 | $1,004,200 | $605,000 | $399,200 |
| 2023 | $10,315 | $997,600 | $605,000 | $392,600 |
| 2022 | $9,523 | $935,500 | $576,200 | $359,300 |
| 2021 | $9,286 | $911,300 | $572,000 | $339,300 |
| 2020 | $9,132 | $905,100 | $572,400 | $332,700 |
| 2019 | $8,589 | $798,200 | $521,000 | $277,200 |
| 2018 | $8,315 | $735,200 | $473,700 | $261,500 |
| 2017 | $8,007 | $686,100 | $446,900 | $239,200 |
| 2016 | $8,166 | $651,700 | $399,100 | $252,600 |
| 2015 | $7,775 | $616,600 | $368,500 | $248,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | Pending | -- | -- | -- |
| 07/31/2025 07/31/25 | Price Changed | $1,175,000 | 0.0% | $500 / Sq Ft |
| 07/31/2025 07/31/25 | For Sale | $1,175,000 | +4.4% | $500 / Sq Ft |
| 06/17/2025 06/17/25 | Pending | -- | -- | -- |
| 06/11/2025 06/11/25 | For Sale | $1,125,000 | 0.0% | $479 / Sq Ft |
| 10/08/2024 10/08/24 | Off Market | $4,000 | -- | -- |
| 05/31/2024 05/31/24 | For Rent | $4,000 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $392,000 | No Value Available | |
| Previous Owner | $73,500 | No Value Available | |
| Previous Owner | $73,500 | No Value Available | |
| Previous Owner | $135,000 | No Value Available | |
| Previous Owner | $79,800 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73389240
APN: SOME-000004-B000000-000037
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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