Investment Properties for Sale in Somerville MA

MLS Number 72748938

• Multi-Family 3 Family
• Total Parking Spaces 1
• Bathroom 3
• MLS Status New
• Year Built 1910

21 Jaques Street is a lovely 3 FAMILY home located on a QUAINT SIDE STREET in Somerville. This 11 BEDROOM, 3 BATHROOM multi-family has EASY ACCESS to route 93 and only minutes to all of the shops, restaurants, cafe's and breweries ASSEMBLY ROW as to offer. Close to PUBLIC TRANSPORTATION and the future GREEN LINE EXTENSION. Also nearby is the MYSTIC RIVER where you can kayak, bird watch or enjoy the views while enjoying nature. Most of the windows have been replaced, two of the three heating systems are less then 10 years old and a BRAND NEW ROOF will be installed prior to closing! Each floor has its own PRIVATE BACK DECK and there is common LAUNDRY in the basement which consists of two washing machines and three dryers. GREAT RENTAL HISTORY and all units are currently OCCUPIED. Please come by to view these units at one of our open houses this weekend. Saturday 12-2 and Sunday 12-2. OFFERS BEING PRESENTED AS RECEIVED, so don't miss your opportunity.

Listed by Melanie Lentini of Leading Edge Real Estate

MLS Number 72748209

• Commercial
• Total Parking Spaces 10
• MLS Status Active
• Year Built 1930

A Rare Real Estate Investment Opportunity to purchase this parcel in hot Union Square of Somerville. Located across the street from the GreentownLab. The building can be used as: Shared Office Space, Daycare, Catering, Architect space. The parcel is zoned flex / fabrication office . This use is similar to the GreentownLab. The parcel contains approximately 5,000 sqft zoned as flex that is suitable for architect firm, engineers, scientists, innovators, creative professionals and Catering Service. Zoning allows 4 stories that could be built up between 12,000 to 16,000 sqft. See attached zoning page. Performa (commercial): $35 to 40 sqft triple net, 16,000 x $35= $560,000 triple net revenue yearly. A 5% cap gives an appraised value north of $11M, cost to build $300 per sqft $4.8M This is a great investment. Owner also believes that approximately 10,000 of residential use is also feasible with five units condo or rental. Also suitable for 40B project. See attached rendering

Listed by Robert Levine of Ronco Realty LLC

MLS Number 72748164

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 3
• Bathroom 4
• MLS Status Active
• Year Built 1930

Today's best value! Here's your chance to own a pristine two family home on a quiet, tree lined street, less than a mile to Davis Square and the Red Line perfect for either the home owner, investor or condo converter! The entire house will be delivered vacant. Unit one features sunny and spacious rooms, two or three bedrooms, hardwood floors, eat in kitchen, tile bath and one additional bath in the basement! Unit two is very spacious on two separate levels and offers 4+ bedrooms, 1 1/2 baths, in unit laundry, eat in kitchen, three porches, hardwood floors, central air, skylight and more! Separate gas heat and utilities, fenced in grassy yard and tandem parking for several cars. Excellent condition and location! Come to the Open House Sun 1pm-2:30 PM, Mon 5PM-6PM, Tues 4:30 PM- 6 PM.Seller to review all offers October 29 at 2 PM.

Listed by Jeremy Nissenbaum of Nissenbaum, REALTORS®

MLS Number 72746780

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 3
• Bathroom 3
• MLS Status Active
• Year Built 1910

This Two Family home is located amongst the “State Streets" | “Nunnery Grounds” and is one of East Somerville's most coveted locations just minutes from Assembly Row. This area is booming with opportunity. These 2 units were fully renovated in the '90s, they are equipped with eat-in kitchens featuring center islands, renovated tiled baths, washer dryer hookups as well as front and back enclosed porches. All units are generously sized and have separate utilities, nice floors, and wall to wall carpet bedrooms. With off-street parking for up to 3 cars, outdoor private yard space, and incredible walkability to both Assembly Row and the Sullivan Square Orange Line Train Station as well as multiple bus locations along the way for easy transportation. This home offers the perfect opportunity for both long-term investors and owner-occupants as well as potential for condo conversion with opportunity to recoup additional living space in both the finished basement as well as the walk-up attic.

Listed by Erica Covelle of Compass

MLS Number 72746897

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 3
• Bathroom 2
• MLS Status Active
• Year Built 1920

Extremely well maintained two family home in the same family for over 50 years! Located in West Somerville between Whole Foods and Stop & Shop, close to the Tufts Campus, Minutemen Bike Path and the Medford commuter rail station. Two Bedrooms and one bathroom on each floor. The upstairs unit occupied by family also features a 3 season front porch + a room above the entryway that makes an ideal home office. Each unit has hardwood floors throughout, renovated bathrooms and ample size bedrooms. Other updates include a new sewer line all the way to the street, heating systems are approximately 10 years old and 3 of the decks rebuilt less than a year ago. Private outdoor space and 3 car parking makes this place a can't miss. Easy access to Rt 2 and 93.

Listed by Adam Day of Steve Bremis Realty Group

MLS Number 72746337

• Multi-Family 3 Family
• Total Parking Spaces 6
• Bathroom 3
• MLS Status Active
• Year Built 1905

This 3,310 square foot 3-family home in the heart of Davis Square features 5 off-street parking spaces, 7 bedrooms and 3 full bathrooms close to Tufts University. 9' ceilings in Units 1 and 2. Closet in the dining room in Unit 2 gives that room possibility to become a 3rd bedroom. Unit 3 has a cathedral ceiling in the living room. All 3 kitchens are large and open. Basement has plenty of clearance with 9'6" to the ceiling joists; future expansion possibilities. Private backyard for entertaining. The closest grocery stores are Stop & Shop and Bfresh. Nearby coffee shops include Diesel Cafe, Kung Fu Tea and iYo Cafe. Nearby restaurants include Ball Square Cafe & Breakfast, Sound Bites and Eat At Jumbo's. Also nearby are Somerville's Community Path and Powder House Park. Walkscore gives this address a 92 (out of 100) for walking and 90 for biking! Davis Square T stop is a 10 min walk.

Listed by Meadowbrook Realty Group and David Giannetta of Keller Williams Realty-Merrimack

MLS Number 72745018

• Multi-Family 5+ Family - 5+ Units Up/Down
• Total Parking Spaces 2
• Bathroom 5
• MLS Status Active
• Year Built 1900

Marcus & Millichap is pleased to present 134 Pearl Street, a 5 unit apartment building located in East Somerville, MA. The property is comprised of (2) one-bedroom units, (1) two-bedroom unit, and (2) three-bedroom apartments and two parking spaces. This attractive multifamily opportunity allows investors to own a stable Cash Flowing deal with great collections through Covid-19. The property lies in an excellent commuter location and is only a 7 minute drive to downtown Boston. It is located just a short walk from the new Gilman Square Station that is part of the Green Line Extension Project. Sullivan Station (MBTA Orange Line) is less than a mile from the property and public bus service ( #80 & #90) are steps from the front door.

Listed by Evan Griffith of Marcus & Millichap Real Estate Investment Services

MLS Number 72745217

• Multi-Family 2 Family
• Total Parking Spaces 6
• Bathroom 2
• MLS Status Active
• Year Built 1894

~New to Market~ Legal 2 family is on the Somerville Cambridge border with the house being in Cambridge and the detached 2 car garage being in Somerville. This well kept two family could easily be converted to a single family, kept as a two fam or developed as two condos with plenty of off street parking for multiple vehicles plus an oversized 2 car detached garage . The first floor unt is a spacious 1 bedroom, 1 bath rented at $1,600/month on a tenant-at-will. The second floor is a lofted 1-2 bedroom with cathedral ceilings. All separate utilities plus separate common area meter, both units have fully applianced kitchens. Shown by private accompanied appointments. Also listed under separate MLS numbers in Somerville as a two family and Cambridge as a single family.

Listed by The Synergy Group and Paul Cirignano of Leading Edge Real Estate

MLS Number 72745294

• Multi-Family 2 Family
• Total Parking Spaces 5
• Bathroom 11
• MLS Status Active
• Year Built 2020

Do not miss out on the opportunity to own this Luxury 5 unit development in one of the most sought after Somerville neighborhoods, right on the Cambridge line. Centrally located and close to Harvard Square, Inman Square, Union Square and MIT. Condo quality construction consists of two bi-level units with approximately 1500 sq ft of living space each. This was a gut renovation down to the studs with all new mechanicals and feels like completely new construction. No expense was spared on the magnificent detail throughout these two units. This development also includes a new construction 3 family building located at 104 Beacon St with an estimated completion date of February 2021.Everything from the granite counter tops, custom tile backsplash, Viking appliances, central air, exterior decks all the way down to the lighting fixtures was selected with the utmost care. Open House Sunday 10/25/20 12:30pm-2pm

Listed by Paul Connolly of Elevated Realty, LLC

MLS Number 72743960

• Commercial
• Total Parking Spaces 50
• Lease
• MLS Status Active
• Year Built 2020

This project is CALA (Community, Architecture, Landscape, Art). It it comprised of 51 residential units and more than 22,000 SFT of commercial space. Of this the 15,000 SFT ground floor has been leased by a software company. We are marketing spaces of 1670 SF (Space A) and 3570 SF (Space F) as commercial condos for sale. Space A is at street level on Broadway with a great storefront. Space F is at the Garden level and features a private outdoor patio, overhead garage style door facing Broadway, black iron vent for restaurants and views of the courtyard and beautifully landscaped public park. These spaces can be retail, office, restaurant or another commercial use. This is a unique project re-envisioned from a former elementary school. It includes public and private outdoor space, under ground parking and beautiful setting a short walk from Davis Square. Pricing for Space A is $1,319,300 less construction credit. Space F is prices at $2,714,720 less construction credit.

Listed by Adam Conviser and James Conviser of Conviser Property Group, Inc.

MLS Number 72745151

• Commercial
• Total Parking Spaces 50
• Lease
• MLS Status Active
• Year Built 2020

This project is CALA (Community, Architecture, Landscape, Art). It it comprised of 51 residential units and more than 22,000 SFT of commercial space. Of this the 15,000 SFT ground floor has been leased by a software company. We are marketing spaces of 1670 SF (Space A) and 3570 SF (Space F) as commercial condos for sale. Space A is at street level on Broadway with a great storefront. Space F is at the Garden level and features a private outdoor patio, overhead garage style door facing Broadway, black iron vent for restaurants and views of the courtyard and beautifully landscaped public park. These spaces can be retail, office, restaurant or another commercial use. This is a unique project re-envisioned from a former elementary school. It includes public and private outdoor space, under ground parking and beautiful setting a short walk from Davis Square. Pricing for Space A is $1,319,300 less construction credit. Space F is prices at $2,714,720 less construction credit.

Listed by Adam Conviser and James Conviser of Conviser Property Group, Inc.

MLS Number 72743572

• Multi-Family 3 Family
• Bathroom 3
• MLS Status Active
• Year Built 1920
• Full Bath 3

Don't miss this fabulous opportunity in Somerville steps to Magoun Square, Assembly and the soon-to-be new Greenline extension. This massive 3-unit multi-family has been in the same family for almost 50 years! Perched atop a hill on Main St steps to Broadway, it's the perfect property for a savvy investor or an owner occupant with two units rented at $2000/month TAW, and the middle unit a blank canvas ready for some updates and sweat equity. Each unit features 2 bedrooms, living room, dining room, bath, spacious eat-in kitchen and enclosed sunroom in the rear. 1st floor features additional front den, and 1st/3rd floor units have been semi-updated in recent years. Other recent updates include new windows, exterior paint and conversion to gas heating. Best of all, a dream outdoor space that feels like your own urban oasis. Fabulous Winter Hill location close to Tufts, Rt 93, MBTA stops, as well endless shopping, cafes, restaurants, nightlife and much more! Photos of Unit 1 & 2. Must see!

Listed by Melanie K. Fleet of Keller Williams Realty

MLS Number 72732415

• Multi-Family 2 Family
• Total Parking Spaces 4
• Bathroom 3
• MLS Status Active
• Year Built 1900

Located in the heart of the billion plus dollar revitalization of Union Sq /new Green line station. Unique offering of a renovated to the studs two family home on a side street with easy walk to the new Green line Station, Harvard , MIT and future Life Science Center. Home has 4+ parking spots. Major renovations were done in 2013. New HVAC systems, plumbing and wiring were installed in addition to. closed cell insulation. Frame of house was reinforced, sub floors leveled and new wood floors installed. Separate water meters for units. There are multiple lockable storage rooms and a finished office/rec room in the basement. Unit one is rented for $2850 till 8/31/21 and would like to stay beyond. Upstairs 2 will be delivered vacant for new owner and was rented for $4800 the last 3 yrs. .Seller is willing surface the driveway and create a back yard if desired $10000 cost. Showings start 10/17/2020.Buyers must wear mask and gloves and sign covid form for entry.

Listed by Robin Miller of RE/MAX Destiny

MLS Number 72743629

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 4
• Bathroom 3
• MLS Status Active
• Year Built 1920

Located 0.4 Miles to Davis Sq Red Line T Stop and 3 blocks from Tufts University, this large 2 family home is perfect for an owner-occupant looking for monthly income or an investor seeking a great rental property. Approximately 3200 square feet of living space plus a full unfinished basement provide potential for additional expansion. First floor unit provides 2 bedrooms, 1 bath, eat-in kitchen with access to back porch and yard. The second unit spans 2 floors with a unique and flexible floor plan, featuring 4 bedrooms, 1.5 baths, in-units laundry, ample storage and original detail. Currently used and assessed as a two family, this home was originally purchased as a three-family home and customized by seller. Utility service for 3 units, electric and gas hook-up are still in place. Off street parking for 4 vehicles, rear yard with storage shed complete this rare offering.

Listed by Borislav Kusturic of Coldwell Banker Realty - Cambridge

MLS Number 72742936

• Multi-Family 3 Family
• Total Parking Spaces 6
• Bathroom 3
• MLS Status Active
• Year Built 1890

Winter Hill. Sought-after, fresh & lovingly cared for 3-family on a tree-lined street boasting 3 updated eat-in kitchens, generous living spaces, wood floors and expansive outdoor spaces. First floor comprises 6 rooms, large living & dining rooms with built-ins, 2 bedrooms and office with separate entrance. Light-filled second floor offers a large living room with bay & adjacent study, formal dining, new kitchen, 2+ bedrooms and a porch. The top floor 5-room perch hosts 2+ bedrooms, living room & spacious eat-in kitchen open to a private deck with tree-top views. With lush trees, front & rear porches, 2 patios, a grape arbor and bocce court, the rare 8000 sq ft lot is ideal for a large array of leisure activities including gardening, BBQs and dining al fresco. With 6-car parking, in the heart of Somerville's coveted neighborhood, nearby schools, shopping, half block to the bus stop, and coming soon, a new T stop + high school. 10 minutes to Boston. A rare opportunity.

Listed by Cervone Deegan Team and Constance Cervone of Coldwell Banker Realty - Back Bay

MLS Number 72742650

• Multi-Family 3 Family - 3 Units Up/Down
• Total Parking Spaces 3
• Bathroom 3
• MLS Status Active
• Year Built 1930

Exceptional Commuter Location steps from vibrant Davis Square!!! 12 Room, Three Family on quiet, tree lined street is great opportunity as investment property or for owner user with income. Property features three units each with living area, kitchen, 2 bedrooms, and 1 bath. Lovely private backyard garden patio. 3 Separate meters for gas and electric. 3 car tandem off-street parking!!! Close proximity to numerous social/cultural events, restaurants, shops, movie theater, weekly Farmer's Market, Medical & Dental facilities, and many other amenities. Close to public transportation including 2 access points to Davis Square MBTA Redline Station allows for easy access to Alewife, Porter, Harvard, Kendall & Boston. Bus Lines to Cambridge, Arlington and Lexington. Near Community Bike/Walk Path. Easy access to Route 16, Route 93, Route 2 and Route I-95. Property to be delivered vacant.

Listed by C. Brendan Noonan of C. Brendan Noonan & Co.

MLS Number 72742886

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 4
• Bathroom 2
• MLS Status Active
• Year Built 1890

This charming, turn of the century, two family property, is moments from bustling Porter Square. Features include eleven rooms, six bedrooms (including nursery) and two full bathrooms. There are many period details, including hardwood floors, spectacular crown molding, stunning balusters and bannisters, a lovely fireplace, and high ceilings. The two large eat in kitchens offer plenty of space to entertain while cooking for your next big dinner party. The property has a wonderfully spacious yard and patio for all your future socially distant cookouts. The outdoor spaces also include a storage shed as well as a private porch for each unit. The long driveway has ample parking for four cars (tandem). This lovely home, with all of it's charm, awaits your personal touch!

Listed by Salvatore Brett Sillari of Century 21 Avon

MLS Number 72741797

• Multi-Family 2 Family
• Total Parking Spaces 6
• Bathroom 3
• MLS Status Active
• Year Built 1879

RARE opportunity to own stunning historic 2-family Stick Style Victorian, c. 1879. Huge Private Backyard (.27-acre lot) with tree swing, raised bed, perennials, fruit trees & more. 4 PKG Spaces & sep Garage. Renovated Upper Duplex UNIT 2 (4BR/2BA) features immaculate period detail, original wide pine floors & high ceilings. Airy & spacious, this is a home for entertaining. Large chef's kitchen w city views, custom cabinets, slate floors & granite counters. Sun-filled XL formal DR w decorative original FP. LR newly outfitted w cozy & efficient VT Castings Woodstove. Top floor has separate home office, large 4th BR & an XL Bathroom w jetted bath & Laundry Room. 5-zone Central Air. UNIT 1 (2+BR/1BA) has renovated kitchen, large windows & original moldings. Enormous, dry basement w Laundry. Gracious front porch. Both Units Move-in Ready! Magnificent investment property or amazing SF. Very close to parks, schools, Green & Orange Lines, Union & Sullivan Sq, restaurants, shopping & the City!

Listed by Mary Beth Kelley and Duncan A. Donahue of Keller Williams Realty Boston-Metro | Back Bay