Investment Properties for Sale in Somerville MA

MLS Number 72611946

• Multi-Family 3 Family
• Year Built 1930
• Bedrooms 3

DEVELOPMENT OPPORTUNITY. Centrally located between Cedar and Lowell Streets, this is a large 10,149 sq/ft lot that currently has a smaller 3 unit dwelling and a 2 car garage with an extra parking area. The land could be better used with a bigger structure and/or more units. A buyer should investigate and do their due diligence on future development. This property abuts the newer section of the bike path (between Cedar St and Lowell St) and is close to the newly proposed "Lowell St - GREEN LINE ext "T" stop", Magoun Sq and accessible via the bike path... Davis Square and the Red line "T" Stop. The property will be completely vacant April 1 2020. Offers due Jan 31st by 2:00. Seller will reserve the right to accept offers before due date.

Listed by Peter Cote and John Barmon of Coldwell Banker Residential Brokerage - Cambridge

MLS Number 72611606

• Multi-Family 2 Family
• Year Built 1890
• Bedrooms 5

ATTENTION OWNER OCCUPANTS & INVESTORS! 2020 is the year of vision and if you have the vision this is for you! With a great location in East Somerville, you'll be close to many of all the luxuries that Somerville has to offer like Assembly Row, Sullivan Sq, Rt 93, and much more. This two-family features select sized bedrooms, separated utilities, bi-level unit, 2 car parking, deck, and spacious patio/backyard area. The current owners have loved this home for over 30 years! As the entire family transitions, the house will be delivered vacant for the new owner(s) to make any changes they see fit. City living often means making sacrifices, such as forgoing green space (or space in general) and hauling laundry downstairs/down the street for the sake of affordability. That is certainly not the case when it comes to this one! With your updates and vision this property will not only be a money maker, but a better home to host your loved ones. Looking for a way to into Somerville? This is it!

Listed by Jeff Grand of Centre Realty Group

MLS Number 72611121

• Multi-Family 2 Family - 2 Units Up/Down
• Year Built 1910
• Bedrooms 4

Investors!!!! GREAT OPPORTUNITY IN TUFTS AREA..Beautifully maintained with updates owner occupied 2 family with off street parking convenient to TUFTS, Broadway, Mystic Valley Parkway/Rt 2/Alewife. Easy public transportation. 1st floor unit offers stackable laundry set up,updated kitchen( 2018)/bath, hardwood floors and beautiful original details. 2nd floor unit includes newer finished 3rd floor open loft with 3 skylights, 2 double closets , 3/4 bath, open floor plan and lots of light! Also,unit has 2 additional bedrooms, updated bath, updated kitchen with center island with cook top, new wall oven, refrigerator, wine refrigerator. newer windows, hot water heaters, updated unit 2 gas heating system- 4 years, roof-4 yrs;windows- 9 years; vinyl siding- 16 years. Lots of storage in basement, Two separate laundry hook ups in basement. Set of washer/dryer included. Newer rear porches, patio for outdoor enjoyment! Fenced yard with 3 parking spaces off street.

Listed by Beverlee Vidoli of RE/MAX Realty Experts

MLS Number 72610132

• Multi-Family 2 Family - 2 Units Up/Down
• Year Built 1900
• Bedrooms 7

Somerville has seen the fastest rental growth in the Boston metro area and this 2-family home is ready for you to start collecting rent right away! The new UPDATES to reduce costs and increase property value are: BRAND NEW HIGH EFFICIENCY GAS HEATING SYSTEM, REMOVAL OF OLD HEATING DUCTS AND BLOWN-IN INSULATION. Also, BOTH UNITS WILL BE DELIVERED VACANT AT CLOSING. This property is great for ALL BUYERS, whether an investor or the buyer that wants to enjoy home ownership with the added benefit of collecting rental income. It boasts 2921 square feet of living area with generously sized rooms on 3 levels. Unit 1 features 2 bedrooms, 1 bath and Unit 2 with 5 bedrooms ( one unfinished ) and 1 bath. 6 OFF STREET PARKING spots. Although cosmetic updates would bring these units a fresh new look, the very convenient location in a sought after residential neighborhood just blocks away from the new Green Line Extension stop, makes this home a great investment in the perfect spot for years to come.

Listed by Soraya Abreu of Leading Edge Real Estate

MLS Number 72607850

• Multi-Family 3 Family
• Year Built 1910
• Bedrooms 5

Original charms prevail in this lovely 3F home near Tufts U & Neighborhood School. The 1st floor has a private entrance off Dow St. (1 Dow St). This philly style unit features carpeting, an ornamental FP w/beam ceilings, wainscoated walls, & built-ins (inclusive of benches & hutches), a large, applianced eat in cab kitchen, basement bath, main level bath & 2 bedrooms. (Note: Bonus basement storage). The 2nd flr offers a built in LR hutch, a lovely master bedrm w/private office, den or closet off of it, a semi-mod bath w/2 closets, and a large modern eat in full cab kitchen w/stove, refrigerator, & DW. The 3rd flr needs a little more TLC. This unit is a step back in time w/older carpeting, wall paper, a semi-modern tiled bath, a larger & a smaller bedroom, a spacious eat in kitchen w/counter space, refrigerator, electric stove & DW. W/D hook ups in units. 2c gar. So many possibilities! Group shows: S1/19 2:30-4pm, M1/20 & Th1/23 @6pm Offers due noon F1/24 gd til M1/27

Listed by The iBremis Team, Irene Bremis and Matthew Peabody of LAER Realty Partners / iBremis Realty

MLS Number 72606196

• Multi-Family 3 Family
• Year Built 1910
• Bedrooms 3

Value-add opportunity consisting of 3-one bedroom apartments with below-market rents. Potential for redevelopment with Somerville's new zoning ordinance that went into effect December 12th 2019 (site is zoned MR3: mid-rise 3-story). Located just on the border of Cambridge and approximately 3 blocks north of Harvard University. See full listing for further detail here - https://umf.com/listings/77307468

Listed by Kyle Gossett and James Barry of United Multi Family Corporation

MLS Number 72601930

• Multi-Family 2 Family
• Year Built 1915
• Bedrooms 5

coming soon completely renovated 2 family with 2 huge decks and nice size back yard.

Listed by Jude Paul of RC Property Realty Group, LLC

MLS Number 72599669

• Multi-Family 2 Family
• Year Built 1875
• Bedrooms 4

Attention developers & investors: Don't miss out on the opportunity to purchase one of the few remaining condo conversion approved multi-families in Somerville. Plans approved for 2 units. Each unit to be 2 bed/2 bath duplexes, with private decks. Huge backyard. Located in Winter Hill in close proximity to the brand new public high school and the Green line extension. Sale will include Somerville condo conversion permit, building permit, and full set of architectural and structural plans. Simply renovate and profit- all of the approval legwork has been done for you! Vacant and easy to show.

Listed by Stephen Facelle and Aser Ghebremichael of Rise Realty

MLS Number 72594282

• Commercial
• Year Built 1900

This East Somerville location is just a half mile to Sullivan Sq. rare opportunity for potential development or investment with two over 2000 sf each of retail and upstairs clean office space, Rental income of approx $7000 per month. City of Somerville confirmed CCD45 zoning. Walk score of 90. High traffic volume. Originally the site of a department store, the building was entirely rebuilt in 2006, existing building consists of two floors with over 2100 sf per floor of open space, HVAC by gas, additional basement storage. Roof replaced in 2018. Located next to the recently renovated Mudflats Pottery School, this is a prime location for a high end development or end user or investor.

Listed by Candice Macoul of RE/MAX Luxury Living RE

MLS Number 72590201

• Commercial 5+ Residential
• Lease
• Year Built 1890

This is a Multi-used building for Retail Space, Office Space and Apartment Living. It was designed in the Colonial Revival Style by E.L. Clark. There is a total of 5,114 square feet of land between the Apartment Living, Retail and Office Space with an additional 1,584 square feet of land for parking. It is located in a Prime spot with Assembly Row, Encore Boston Harbor Resort & Casino, the Orange Line, Bunker Hill and Cambridge Colleges all of which are less than a 30 min walk away. Don't miss out on this Great Opportunity. Investors are highly recommended.There is 5 residential units,multiple offices and a store front.

Listed by John Gearty and John Buccelli of Berkshire Hathaway HomeServices Verani Realty

MLS Number 72584743

• Multi-Family 3 Family
• Year Built 1930
• Bedrooms 4

Attention developers and builders - your next project is here! Current 3 family house in great location has rare approval for an additional two units (total of 5 units). Both special permit and condo conversion permits already in hand. Approval includes 5900 square feet of living space and 5 off-street parking spaces (including 2 garage spots). All units are 2 bed, 2 bath. Located in Teele Square within easy walking distance to Davis Square, Red Line T station, and all the eateries and shops in Davis and Teele Squares. Convenient access to Route 2 and Route 93.

Listed by Shane Marrion of Benoit Real Estate Group,LLC

MLS Number 72575638

• Commercial
• Year Built 1900

RARE OPPORTUNITY: Exceptionally popular famous Louie's ice-cream and 3-unit building package in one of the hottest spots in Somerville! CASH COW BUSINESS INCLUDING EQUIPMENT & REAL ESTATE...the ONLY neon sign and grandfathered take out windows (5) in the entire city! Louie's ice-cream is a landmark, the neighborhood icon, with two cute picnic table during & outside area in the summer. It's well known for fruit slush and yummy ice-cream. Deli table, functioning kitchen, ice cream fridges, fruit slush machine, large walking fridges, etc. Ice-cream equipment to stay. Zoned f/24 seating. Three large apartments: Living/Dining/3BR/1bth/Eat-in Kitchens & Pantry. Rent is low ($2100) TAW... all units are rented to same tenants for many years.1st/2nd floors need some TLC...3rd floor in good shape. ALL UNITS: hardwood flooring, gas cooking, spacious layout. High visibility location, walk to Assembly Row Mall & 1 block from Rt. 93, bus stop to Sullivan Sq Orange Line!

Listed by Lilia Gouarian of Steve Bremis Realty Group

MLS Number 72546681

• Multi-Family 2 Family - 2 Units Up/Down
• Year Built 1900
• Bedrooms 5

Own this 2-condos corner unit in Somerville's thriving Prospect Hill area! Ideal for rental income or owner occupied. These units are steps away from the Somerville public library, newly renovated Somerville High School, the new Green-line extension, and many great restaurants and local businesses. Five-minute walk to bustling Union Square. This property was completely gutted and rehabilitated in 2008. Family-owned and in agreement to sell both units together, as a package or separate units for the right buyer. Living area: 3094 sf. lot size 5000 sf Ample amount of parking spaces: 6 parking spots to be exact!

Listed by Grace Romano of Advise Realty

MLS Number 72439568

• Multi-Family 5-9 Family
• Year Built 1920
• Bedrooms 14

Rare offering! This is a meticulously maintained 8 unit (7 residential & 1 commercial) which shows pride of ownership at every turn. All apts have large rooms, high ceilings, fully applianced eat-in kitchens and full tile baths. Each apt has separate utilities. two 1 bedroom apts and three 2-bedroom apts. Two 3-bedroom units have a huge living area overlooking a Boston and Porter Square. Well maintained exterior, replacement windows, and separate systems make this a perfect income property for the passive investor or a great condo conversion for a savvy developer. Lease information is attached herein. An opportunity exists to significantly increase rents by simply waiting for leasing to expire & increase rents. Property is located walking distance to Davis Sq/Porter sq and Harvard Sq for terrific access to T, shops, and restaurants. Somerville consistently rates as one of the best rental markets in the region due to high density, amenities, and local universities and businesses.

Listed by David Lilley of RE/MAX Destiny