38 Berkeley St Somerville, MA 02143
Spring Hill NeighborhoodEstimated payment $14,932/month
About This Home
Fantastic opportunity to purchase a six-family property in Somerville's highly sought-after Spring Hill neighborhood, near to Porter Square Red Line and just blocks from the Gilman Square Green Line and Bike Path, making it a commuter's dream. The property consists of six units—two studios and four two-bedroom (some can be utilized as three bedroom or three bedroom plus!) apartments—and features an enormous backyard and a large basement with ample storage. Extremely well kept and clean building with enormous upside potential for rent. The two studio units have been recently renovated, while Units 1–3 have been tastefully updated and maintained. Unit 4 is currently vacant, presenting an excellent opportunity for a new owner to renovate and increase rental income. With a well-balanced layout of three units on each side, this is a rare value-add investment opportunity in one of Somerville's most desirable locations. Please see broker for balance of photos and videos of each unit.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,144
Year Built
- Built in 1928
Interior Spaces
- 5,051 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Full Bathrooms
Additional Features
- 5,600 Sq Ft Lot
- Property is near public transit
Community Details
- 6 Units
- Net Operating Income $158,700
Listing and Financial Details
- Assessor Parcel Number M:0051 B:000E L:0014,755307
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 | $22,335 | $2,047,200 | $643,700 | $1,403,500 |
| 2024 | $21,537 | $2,047,200 | $643,700 | $1,403,500 |
| 2023 | $20,991 | $2,030,100 | $643,700 | $1,386,400 |
| 2022 | $19,546 | $1,920,000 | $613,100 | $1,306,900 |
| 2021 | $18,687 | $1,833,900 | $583,900 | $1,250,000 |
| 2020 | $17,131 | $1,697,800 | $561,400 | $1,136,400 |
| 2019 | $15,035 | $1,397,300 | $488,200 | $909,100 |
| 2018 | $13,539 | $1,197,100 | $443,800 | $753,300 |
| 2017 | $13,042 | $1,117,600 | $418,700 | $698,900 |
| 2016 | $12,416 | $990,900 | $382,900 | $608,000 |
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 |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | Pending | -- | -- | -- |
| 07/21/2026 07/21/26 | For Sale | $2,450,000 | 0.0% | $485 / Sq Ft |
| 04/10/2017 04/10/17 | Rented | $2,800 | -1.8% | -- |
| 04/02/2017 04/02/17 | Under Contract | -- | -- | -- |
| 01/04/2017 01/04/17 | For Rent | $2,850 | -- | -- |
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 |
|---|---|---|---|
| Deed | -- | -- |
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 | $400,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73552553
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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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Ask me questions while you tour the home.