Investment Properties for Sale in Somerville MA

MLS Number 73058583

• MultiFamily
• Bedrooms 12
• Bathroom 6
• Square Feet 3,528
• Property SubType 5-9 Family

Rare opportunity to acquire a 6-unit building in prime Union Square location for 300K per unit. All 6 units feature 2 bedrooms and an open kitchen / living room. Possible opportunity to expand into basement to add additional living space. Nice spacious rear yard. Property is in need of significant renovation. One unit to be delivered vacant at closing. Building is currently professionally managed.

Listed by Patrick Millane of 617 Real Estate Group,LLC

MLS Number 73058413

• MultiFamily
• Bedrooms 11
• Bathroom 4
• Square Feet 3,528
• Parking Spaces 10

This is a GEM of a multi-family investment awaiting a new owner. This 3 family property has so many wonderful features to offer in an extremely desirable location. Take advantage of the potential rental income as both an investor and an aspiring homeowner. Starting with the exterior, there is a 3-car garage with electricity and new doors, as well as plenty of parking. A spacious backyard to enjoy the warm sunny days and a storage shed. The first unit contains a finished basement area, with 5 bedrooms and two full baths, the roomy basement has an exterior access. The second floor and third floor have identical layouts with 4 bedrooms and 1 full bath and both have big bedrooms and good-sized closets. Some other amazing features include new rubber roof, all new water heaters, separate utilities and close to so many points of interest, including the brand new Green Line (opening 12/12), Porter Square, David Square and Harvard Square, also close to many shops, restaurants, Tufts and more!

Listed by Matheus Goncalves and Gabriel Vieira of Mega Realty Services

MLS Number 73057996

• MultiFamily
• Bedrooms 18
• Bathroom 8
• Square Feet 6,624
• Property SubType 5-9 Family

Cash Cow! Rare 6 family in Somerville grossing over 187k rent per year and more potential upside. Approximately 6624 sq ft with many high quality and tasteful updates. Beautifully renovated kitchens and tiled baths. In unit laundry, enormous back decks, large backyard which would make a lovely courtyard. All separated utilities (including water meters), gas heating and gas hot water tanks.Low maintenance vinyl siding on majority of the exterior. Fifteen minute walk to new Green Line T station, quick walk to stores and restaurants. Easy access to downtown Boston, Assembly Row, Rt 28, 38 and 93. Excellent rental history. Group showing this Wednesday at 10:30am All are welcome! No appointment necessary. 5 out of 6 units pay their own water bill.

Listed by Shane Marrion of Benoit Real Estate Group,LLC

MLS Number 73057286

• MultiFamily
• Bedrooms 8
• Bathroom 5
• Square Feet 3,478
• Property SubType 3 Family

14-16 Crescent Street is a turn-key transit oriented 3-unit investment property located on the border of East Somerville and Charlestown in the Sullivan Square neighborhood. The property is comprised of three apartments (4BR/2BA duplex, 2BR/2BA flat, and 2BR/1BR flat) and a finished basement office rented to a local contracting company. The apartments have been renovated and feature central air-conditioning. The building is fully leased through 2023 and generates a substantial monthly rent of $10,150. This location is a commuter's dream as it has direct I-93 highway access and sits steps to the MBTA Orange line (Sullivan Station) and public Bus Depot. Tenants benefit from the endless dining, shopping, and entertainment options of Assembly Square and Boston's Encore Casino.

Listed by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services

MLS Number 73053679

• MultiFamily
• Bedrooms 8
• Bathroom 3
• Square Feet 5,316

Come see a rarely available mixed-use retail/residential building in a PRIME Somerville location near Magoun Square and the Green Line extension. Great corner visibility and signage. Both ground-level retail spaces are leased through 2026. Above, find two full-floor 4+ bedroom apartments with living room, eat-in kitchen, pantry and a large home office/potential bedroom. These residential units offer beautiful detail, hardwood flooring and an ideal layout. The new Gilman Square Green Line station will offer easy access to Boston, or stay in town and visit some of Somerville's best restaurants, shopping and more. Priced for immediate sale with over $100,000 of gross income in place with the potential for future rent increases on both the retail AND residential units.

Listed by Todd Glaskin and Gregg M. Leppo of Coldwell Banker Realty - Newton

MLS Number 73049221

• MultiFamily
• Bedrooms 6
• Bathroom 5
• Square Feet 2,899
• Parking Spaces 2

Let rental unit help pay your mortgage! Gut rehab 2 family. Fabulous location across from 14 acre Foss Park. Great opportunity to customize this spectacular 6 bedroom 2 Fam gut rehab on tree-lined side street. Outstanding craftsmanship with open floor plan and modern flare. Spacious kitchen with quartz countertops, stainless steel appliances, with separate eating area. 6 good sized bedrooms, Smart home technology (Ring doorbell, CAT6, Ethernet wiring), professional landscaping, 3 oversized decks for outdoor enjoyment and much more. Two off street parking spaces, easy access to Route 93, the Green Line extension Gilman Square coming soon! 87 walkable score and 88 bike score. Completion date scheduled for December. Pick your paint colors, tile, and countertops.

Listed by Stephanie Erb of Distinctive Properties LLC

MLS Number 73046312

• MultiFamily
• Bedrooms 15
• Bathroom 9
• Square Feet 6,000
• Parking Spaces 6

100% Leased with close proximity to Davis St. & Porter Sq. Property has a strong in place income with upside potential. 94-96 Cedar Street is a geographically well positioned multi-family property in Somerville, MA. It is conveniently located .5 miles from MBTA’s Porter Square red line stop, .1 miles from the 88 and 90 bus lines,and provides easy access to I-93. 94-96 Cedar’s unique proximity to multiple prestigious universities and world-renowned economic centers presents an opportunity for a savvy investor to gain exposure to one of the highest demand housing markets in the country.

Listed by Chris Michniewicz, David Berman, Ellen Garthoff, David Stubblebine and James Stubblebine of The Stubblebine Company

MLS Number 73044892

• MultiFamily
• Bedrooms 4
• Bathroom 3
• Square Feet 2,246
• Parking Spaces 3

Lovely Winter Hill 2 family on a corner lot. This home seamlessly blends old world charm w/ modern upgrades. Owners unit is a tri-level 3 bed, 1.5 bath home. 1st floor offers modern EIK, living room, dining room & half bath. 2nd level includes 3 beds & remodeled full bathroom. 3rd floor, currently unheated, was once used as 2 additional beds and offers plenty of room for expansion of living space. Features include hardwood flooring, gas heat (2008), 2 mini-split ACs, washer/dryer & updates galore. 2nd unit is 3 rooms & perfect for in-law, home office or rental. Fenced yard features Reeds Ferry Shed, gazebo, garden & 3 car off-street parking. Great location just a 13 minute walk to the new green line. Don't miss this unique property offering a "single family" feel with with additional income opportunity!

Listed by Domenica Giordano of Century 21 North East

MLS Number 73044085

• MultiFamily
• Bedrooms 4
• Bathroom 2
• Square Feet 2,430
• Parking Spaces 2

Ideal opportunity to renovate and purchase a vacant 2 family home. Ideal for owner occupant or condo conversion. The property has three off street parking located in an ideal East Somerville location.

Listed by Michael Carucci of Gibson Sotheby's International Realty

MLS Number 73043861

• MultiFamily
• Bedrooms 12
• Bathroom 10
• Square Feet 7,853
• Parking Spaces 10

Attention developers, this is the one! Certificate of zoning compliance for 10 residential units has been issued and will be sold with building permit, all architectural and structural and MEP plans, and condo conversion docs in hand. Building has been gutted and garage demo permit in hand. Keep the building as rentals or convert to condos, whatever you desire! 10 parking spaces at-grade will be provided on site to enable four levels of living area in this spectacular house. Designed by premier architect Khalsa Design, this home has the modern buyer in mind. Units are as follows: 946sf/1bed/1bath, 801sf/1bed+study/1 bath, 630sf/1bed/1bath, 848sf/2 bed/1 bath, 791sf/2 bed/1 bath, 642sf/1 bed/1 bath, 647sf/1 bed/1 bath, 780sf/1 bed/1 bath, 501sf/1 bed/1 bath, 648sf/1 bed/1 bath. Includes two units as affordables. New gas line has been run on site and temp electrical is installed. Shovel ready on day 1!

Listed by Garrett Einis of Green Line Property Group

MLS Number 73042351

• MultiFamily
• Bedrooms 4
• Bathroom 3
• Square Feet 2,501
• Parking Spaces 5

Lovingly maintained 11-room two-family home offers thoughtful updates and old-world charm. Owned by the same family for over 50 years, enjoy convenient access to TUFTS University, Teele & Davis Squares plus Boston Ave. Both units feature BIG eat in kitchens and access to rear porch. Rich wood trim throughout along with 8' 9" average ceiling height and open living/dining rooms help accommodate the modern lifestyle, but with plenty of nooks for work-from-home space. Large deck with yard and flex-space garage/workshop. Wide front porches on 1st & 2nd floors. Apartment #2 also has enclosed rear porch and large balcony overlooking the yard. Expansive basement with high ceilings, handy FULL bath, and plenty of storage. The 3rd floor recreation room has endless possibilities. A rare opportunity to own a turn-key investment property in superior condition OR enjoy the pride of ownership in one unit while your tenant helps pay the bills. This fine home is offered for sale in present condition.

Listed by Wayne Terrio of Coldwell Banker Realty - Cambridge

MLS Number 73037594

• MultiFamily
• Bedrooms 15
• Bathroom 3
• Square Feet 4,665
• Parking Spaces 3

Cash Cow Opportunity! Rare 12+ unit, 3-family in Somerville with stable rental income history and even greater potential. Primarily located at Winter Hill neighborhood and a WalkScore 88, it is just minutes to the new Green Line station, many bus-stops, schools, Somerville Bike Path and many shopping areas. Great outdoor space with both front and back decks. Separated utilities with two 10-year gas heating system with 86% efficiency and one oil system and three newer water heaters. 10-year rubber roof and 11 years commercial aluminum windows. 7-feet height front walk out basement is higher than the street and has a potential to be an office space. Plenty storage spaces in the basement and laundry is readily installed. Flexible to various owner/rental settings and easy to rent out due to attractive location. City permits to add two 3/4 bathes in each unit. Many new potentials (include 1031 Exchange) for the future investors to extend its long history of stable rental income.

Listed by Weidong Li of WINN Real Estate & Consulting

MLS Number 73030524

• CommercialSale

Situated in between Teele, Davis, and Powder House Square 1060 Broadway in Somerville is where art, utility, and commerce meet. The remaining commercial space of the CALA project (Community, Architecture, Landscape, and Art) is located on the ground level of Broadway sizing in at 1,670 SF. This space would be perfect for a business owner looking to break into the Somerville market with plentiful access to utilize both public and private outdoor spaces. Sebastian Mariscal Architecture was able to create a unique space for the inhabitants of CALA by transforming a former elementary school into a modern mixed-use building with over 50 residential units and 22,000 SF of commercial space.

Listed by Whitney Gallivan of Boston Realty Advisors

MLS Number 73024474

• MultiFamily
• Bedrooms 5
• Bathroom 4
• Square Feet 2,813
• Parking Spaces 4

LESS THAN HALF A MILE TO THE NEW TUFTS GREEN LINE...GUT RENOVATED TWO FAMILY WITH REMOVAL PERMITS AND CONDO DOCS...OVERSIZED GARAGE w/ elect garage door opener & elect car charger.....Every attention to detail throughout this gorgeous gut renovation. Bilevel OPEN FLOOR PLANS... ULTRA LUXURIOUS UNITS. CHEF'S KITCHENS with DROP DOWN UNDER CABINET TV in the upstairs unit, oversized curved breakfast island, under island/cabinet lighting & custom finishes. Upstairs features extra wide plank 7" blonde solid hrdwd floors. Rustic individually hand made rectangular white tiles accent the kitchen backsplash & dining room wall. Loft Upstairs Master Suite has an overabundance of storage. Master Bath includes Crosswater Vanity from London, Toto bidet/heated toilet and round celling to roof skylights. Dowstairs master bath features Exclusive BUILT IN MIRROR VANISHING TV. Both units feature ship lap private rear decks. Excl use rear yard area. LESS THAN A MILE TO DAVIS SQ. Simply Stunning!

Listed by The Steve Bremis Team and Stephen Bremis of Steve Bremis Realty Group

MLS Number 73023646

• MultiFamily
• Bedrooms 6
• Bathroom 4
• Square Feet 4,233

Large 4-unit property with 2-car garage and driveway in vibrant Union Square. Just 0.3mi to the Union Square green line T station and 3 doors east of the D1.2 development parcel of the Union Square revitalization plan, the property is zoned UR (urban residence) and offers tremendous potential for development or investment. There are two 2-bedroom and two 1-bedroom units. Public record shows gross area of 5,930sf. Within easy reach of many conveniences, office and lab spaces, and transportation options – with more of everything to come! A great opportunity to be a part of Union Square’s bright future.

Listed by The Team - Real Estate Advisors and Travers Peterson of Coldwell Banker Realty - Cambridge

MLS Number 73022116

• MultiFamily
• Bedrooms 7
• Bathroom 3
• Square Feet 3,653
• Parking Spaces 4

Don't miss this opportunity for this spacious Philadelphia style two family home with plenty of charm with it's original woodwork and detail. This home has been Owner occupied and meticulously maintained for 30 years. First floor rental unit has two bedrooms, an amazing fireplace living room dining room and 2 large bedrooms, hardwood floors, high ceilings eat in kitchen with full pantry. There is plenty of run for expansion on this unit as the basement offers high ceilings and a full bath. The owner's unit spans two levels unit boasts 5 bedrooms 2 baths update with updated kitchen, hardwood floors living room full dining room and abundance of natural light. . Private outdoor space with with tranquil waterfall perfect for enjoying summer nights. New driveway installed this year, AC/heating systems updated fairly recently . Conveniently located to shopping, restaurants and all major routes.

Listed by Sorn Richardson and Rosanne Antonellis of Metrowest Realty Source

MLS Number 73020871

• MultiFamily
• Parking Spaces 5

RARE OPOPRTUNITY for investors/builders to purchase two separately deeded properties together. Untap the potential of 20 Alston a 3 family; each unit is 1285 SF. The land on 10 Alston St. is a 2400 SF. lot offering highly sought-after, off-street parking w/ 2-bay garage & additional external parking. The location is ideal, within walking distance to either of the new GLX stations at Washington St or Union Sq. The MBTA stations provide convenient travel to Boston and Washington Street station will allow for an easy commute to Medford/Tufts University. Excellent Walkability score of 88, Public Transit score is excellent 76, and Biker’s Paradise score of 96. Located 1 mile from Union Sq,1.5 miles to Assembly Sq and 2 miles from Encore Casino. Convenient access to McGrath HW and I-95 N&S. This is a fantastic investment opportunity for rental income from both properties, condo conversion, or end user. Seller is willing to work w/buyer for Removal Permit. Properties will be delivered vacant

Listed by Kelly Duggan of Kelly Duggan Real Estate,LLC