47 Dane St Somerville, MA 02143
Spring Hill NeighborhoodEstimated payment $11,195/month
Highlights
- Medical Services
- Deck
- Corner Lot
- Somerville High School Rated A-
- Property is near public transit
- 1-minute walk to Palmacci Playground
About This Home
This renovated two-family is a prime investment opportunity close to Union Square (Green Line T), Inman Square and an easy commute by foot or bike to Harvard (Red Line T). It offers an outstanding opportunity for an investor seeking strong, stable rents with a current annual rent roll of $120,000 through July 2026. Both units offer private entry, stainless steel appliances, separate washer and dryer, as well as many updates - new roof (2025), new exterior siding (2025), floors, windows, trim, boilers, electric, sewer pipes, kitchens and baths, water lines, drywall (2017). Unit #1 - leased for $4,900/mo - 4 bedroom, 3 bath first and lower level unit with a private porch and deck. Unit #2 - leased for $5,100/mo - 4 bedroom, 3 bath upper duplex with a private balcony. Each unit has separate systems. Heating and electricity paid for by tenants. Three parking spaces. Capitalize on the underserved need for rental housing with a turn-key address in a dream location for investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,058
Year Built
- Built in 1900
Lot Details
- 2,560 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- Property has 2 Levels
- Insulated Windows
- Insulated Doors
- Living Room
- Dining Room
- Tile Flooring
Kitchen
- Range
- Dishwasher
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 3 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
- Deeded Parking
Outdoor Features
- Balcony
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Choice Elementary And Middle School
- Somerville High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- 2 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Legal Lot and Block 3 / B
- Assessor Parcel Number 054B.00003000000,755689
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $2,500
- Water Sewer Expense $3,500
- Operating Expense $21,450
- Net Operating Income $98,550
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 | $15,450 | $1,416,100 | $677,400 | $738,700 |
| 2024 | $14,452 | $1,373,800 | $677,400 | $696,400 |
| 2023 | $14,079 | $1,361,600 | $677,400 | $684,200 |
| 2022 | $13,164 | $1,293,100 | $645,200 | $647,900 |
| 2021 | $12,371 | $1,214,000 | $614,500 | $599,500 |
| 2020 | $11,674 | $1,157,000 | $590,800 | $566,200 |
| 2019 | $11,001 | $1,022,400 | $501,700 | $520,700 |
| 2018 | $10,136 | $896,200 | $456,100 | $440,100 |
| 2017 | $7,758 | $664,800 | $413,100 | $251,700 |
| 2016 | $7,886 | $629,400 | $406,000 | $223,400 |
| 2015 | $7,518 | $596,200 | $374,500 | $221,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $1,850,000 | +129.8% | $560 / Sq Ft |
| 10/28/2016 10/28/16 | Sold | $805,000 | +0.6% | $329 / Sq Ft |
| 10/13/2016 10/13/16 | Pending | -- | -- | -- |
| 09/28/2016 09/28/16 | For Sale | $799,900 | -- | $327 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $805,000 | -- | |
| Not Resolvable | $490,000 | -- | |
| Deed | $375,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $628,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $262,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73428170
APN: SOME-000054-B000000-000003
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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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