379 Somerville Ave Somerville, MA 02143
Prospect Hill NeighborhoodEstimated payment $37,916/month
Highlights
- Property is near public transit and schools
- Tennis Courts
- Park
- Somerville High School Rated A-
- Jogging Path
- 2-minute walk to Quincy Street Open Space
About This Home
This newly constructed mixed-use asset located at 379 Somerville Ave in the heart of Somerville’s Union Square neighborhood. The 5-story elevator building boasts over 13,000 square feet of space and features ten thoughtfully designed apartment units and one retail space. Its prime location, just steps from the MBTA Green Line, makes it highly accessible to nearby educational institutions like Harvard, MIT, and Tufts.Benefiting from the neighborhood’s rapid growth and increased foot traffic from US2’s 15 million SF, $2 billion development project, this propertypresents a unique blend of residential and commercial potential. With its modern design, prime location, and proximity to renowned educational institutions,this asset offers an attractive investment for those seeking to capitalize on the thriving Somerville market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $38,740
Year Built
- Built in 2025
Home Design
- 13,628 Sq Ft Home
- Block Foundation
Bedrooms and Bathrooms
- 15 Bedrooms
- 12 Full Bathrooms
Additional Features
- 3,487 Sq Ft Lot
- Property is near public transit and schools
- Basement
Listing and Financial Details
- Assessor Parcel Number M:63 B:C L:34,756802
Community Details
Overview
- 11 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $111,467
- Net Operating Income $348,374
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 | $0 | $3,550,900 | $660,000 | $2,890,900 |
| 2024 | $0 | $1,493,000 | $780,000 | $713,000 |
| 2023 | $0 | $780,200 | $780,000 | $200 |
| 2022 | $15,723 | $933,100 | $449,700 | $483,400 |
| 2021 | $15,573 | $933,100 | $449,700 | $483,400 |
| 2020 | $15,228 | $933,100 | $449,700 | $483,400 |
| 2019 | $15,330 | $884,600 | $428,300 | $456,300 |
| 2018 | $15,861 | $871,000 | $428,300 | $442,700 |
| 2017 | $15,355 | $816,300 | $404,100 | $412,200 |
| 2016 | $15,827 | $784,300 | $374,700 | $409,600 |
| 2015 | $13,439 | $659,400 | $356,900 | $302,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | For Sale | $6,700,000 | -- | $492 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,750,000 | None Available | |
| Quit Claim Deed | $1,750,000 | None Available | |
| Quit Claim Deed | $1,750,000 | None Available | |
| Quit Claim Deed | $800,000 | -- | |
| Quit Claim Deed | $800,000 | -- | |
| Quit Claim Deed | $800,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,312,500 | Purchase Money Mortgage | |
| Closed | $1,312,500 | Purchase Money Mortgage | |
| Previous Owner | $800,000 | Purchase Money Mortgage | |
| Previous Owner | $65,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73456926
APN: SOME-000063-C000000-000034
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