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Adam Dow

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

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757 Somerville Ave , Somerville, MA 02143
$1,999,900
Est. Payment: $4,444.22/mo
9 Bed
3 Bath
3774 Sqft
Status: Under Agreement | Days on site: 51
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House Description

This is a prime opportunity to own an enormous, well-maintained, income-producing 3-family home located just one block from Porter Square, right on the Cambridge/Somerville line, providing immediate access to Harvard Square, Davis Square, Kendall Square/MIT, and downtown Boston. Porter Square, with its convenient supermarket, gyms, shops, and restaurants, is literally at your doorstep. Ideally situated at the intersection of Somerville Avenue and Beacon Street, this location provides easy access to all of Cambridge and beyond. Whether you're seeking a strong investment, future condo conversion, or multigenerational living, this property checks all the boxes. All three units feature spacious living rooms, three equally sized bedrooms, modern baths, and sunny eat-in kitchens with dishwashers and pantries. The apartments are generously sized and include hardwood floors, replacement windows, coin-operated laundry, and private storage in the basement. Each unit also features a large private side porch, while the 2nd and 3rd fl. units enjoy an additional front deck, creating a true urban retreat. With separately metered utilities, this property is easy and economical to operate. Additional highlights include a small yard, a two-bay garage, and parking for six cars. It's rare to find a large three-family with a garage and this much parking so close to Porter Square! There is also potential to expand into the full basement, offering the opportunity to increase value or income. You and your tenants will love this exceptional location, with unbeatable access to world-class universities, highly acclaimed restaurants, neighborhood cafés, and vibrant local shops. A rare chance to own in one of the area's most coveted, walkable neighborhoods, where timeless charm meets modern convenience. Don't miss this exceptional offering. This is the one you've been waiting for. Gross income, including parking income is 144,720 a year. This is the perfect turnkey investment opportunity

Highlights

Listed by David Lilley , 617-290-5868 RE/MAX Real Estate Center , 617-576-3800.

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1910

County

Middlesex

Listing ID

73553463

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Range, Dishwasher, Refrigerator
Floor:Tile,Vinyl,Hardwood
Other:
  • Additional:Pantry, High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Living Room, Kitchen
Water:Public

Exterior Features

Lot:Level
Garage Capacity:8
Zoning:NR
Roof:Rubber
Others:
  • Additional:Balcony/Deck
Sewer:Public Sewer
Parking Features:Common,Paved,Parking Spaces: 8
Principal Interest
$4,444
Taxes
$1,668

Home Price

$1,999,900

Loan Details

30 yrs
%

Down Payment

20%
$399,980
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:
$4,444.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,444.22 $1,668.25 $0.00 $6,112.47
Yearly $53,330.67 $20,019.00 $0.00 $73,349.67
Total $1,599,920.00 $600,570.00 $0.00 $2,200,490.00

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.