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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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237 Highland Ave. , Somerville, MA 02143
$2,200,000
Est. Payment: $4,888.89/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 93
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BB5745 - BB800671
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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.
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Highlights

Listed by Shane Marrion , 617-750-6378 Benoit Real Estate Group ,LLC , 617-764-5590.

Property Type

Commercial Sale
Lot/Acreage
0.08

Year Built

1900

County

Middlesex

Listing ID

73536582

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Other (See Remarks)
Principal Interest
$4,889
Taxes
$2,371

Home Price

$2,200,000

Loan Details

30 yrs
%

Down Payment

20%
$440,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,888.89 $2,370.92 $0.00 $7,259.81
Yearly $58,666.67 $28,451.00 $0.00 $87,117.67
Total $1,760,000.00 $853,530.00 $0.00 $2,613,530.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Somerville, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.