Investment Properties for Sale in Somerville MA

Below you will find all Somerville, MA multi-family and commercial investment properties for sale. 

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12 Josephine Avenue Somerville MA 02144

Price$1,228,000

Est. Mortgage: $/month

MLS Number 72581826

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 5

Outstanding opportunity to consider this spacious & gracious Two-Family home in a prime Somerville neighborhood. This sun-filled home on a quiet, leafy street offers well-proportioned rooms, hardwood flooring, original details including built-in cabinets, front decks, full basement with approximately 7'-9" height, spacious rear yard, plus ample driveway parking. Convenient to public transportation systems and major roadways, Davis Square, Porter Square, the Bike Path and numerous restaurant & shopping venues. This home affords great potential for a home with income, investment property, condo project or conversion to a single-family residence. Premises to be delivered vacant! Prime "Walker's Paradise" Walkscore of 94 and a "Biker's Paradise" Bikescore of 99, this lovingly maintained home has been owned and occupied by the same family for decades.

Listed by Christopher Griffin of Griffin Properties

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$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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667 Somerville Avenue Somerville MA 02143

MLS Number 72581470

  • Commercial
  • Year Built 1950

Rare opportunity to own an office condo with great street visibility in a prime location adjacent to Porter Square. This modern office offers an open layout, kitchenette, 2 baths, finished basement space and four parking spots, which includes two garage parking spots. Enjoy easy access to the Red Line & Commuter Rail in Porter Square along with the shops, services & restaurants found there and in nearby Union Square, Davis Square & Harvard Square. Allowed uses are office, medical or professional uses as permitted by the City of Somerville.

Listed by Julian Lewis of ABG Realty

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$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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5-7 Glendale Avenue Somerville MA 02144

Price$849,000

Est. Mortgage: $/month

MLS Number 72580557

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 5

Location! Location! Location! Steps to Davis & Teele Squares, & the bike path. This Two-Family home has a great yard space & is situated on a quiet street. Awaiting your renovation, this is a developer's dream...an investment opportunity ripe with possibility! The present layout consists of a first floor one bedroom unit with living room, dining room, kitchen & bathroom. The second & third-floor unit is large with four bedrooms, living room, dining room, kitchen, bathroom, & porch. An unfinished basement with great potential for storage or a bonus room. The thoughtful floorplan could be kept or put on your thinking cap & make this the home of your dreams, flip-property of a lifetime, or rental with a location that will always be desirable! No matter your end use - once renovated this diamond in the rough will shine!!! Convenient to Tufts U, Alewife shopping - Whole Foods, Trader Joe's, bike path, busses, Red line T, restaurants, shops & Route 2, Route 16, Mass Ave - every convenience!

Listed by Kim Walker Chin of Coldwell Banker Residential Brokerage - Cambridge

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$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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6 Alston Street Somerville MA 02143

MLS Number 72580246

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1900
  • Bedrooms 4

Bring your creativity to this priced-to-sell 2 family with parking near proposed Gilman Sq T stop! Just 'between' Union and Assembly Squares, this home has been in the same family for decades; offering a one bedroom unit on the first floor (as currently configured) and 3 bedrooms on the second floor. Semi-finished basement; unfinished walk up attic. Watch the fireworks from home and peek at the Boston skyline from your back porch! There is one gas heating system for the house as well as one gas meter, with two electric panels. Porches, parking, and tons of potential! This home is taxed and assessed as a legal 3 family; but has been used as a 2 family for over 20+ years. Ask listing agent for more information. First floor will be delivered vacant; second floor TAW. Being sold as is. First open house Saturday, 10/19 from 12-2

Listed by Katherine Malin of Compass

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$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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17-19, 19r Aldersey Street Somerville MA 02143

MLS Number 72578422

  • Multi-Family 5+ Family - 5+ Units Up/Down
  • Year Built 1900
  • Bedrooms 11

17-19 & 19R Aldersey Street features 9 apartments amongst two separate unique buildings with an additional garage and ample surface parking. This irreplaceable asset is located steps from the heart of Union Square, which will be home to a new MBTA Green Line station, the Union Square redevelopment and Boynton Yards. 17-19 & 19R Aldersey Street presents investors with high quality real estate in a transformative market with significant value add potential.

Listed by Jason Weissman and Kevin Benzinger of Boston Realty Advisors

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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55 Hall Avenue Somerville MA 02144

Price$1,750,000

Est. Mortgage: $/month

MLS Number 72577671

  • Multi-Family 4 Family
  • Year Built 1910
  • Bedrooms 6

Welcome to 55 Hall Ave! It is not everyday that a great condition 4-family comes on the market on one of the nicest tree lined streets in Somerville! Equipped with 6 bedrooms, 4 bathrooms, over 3,200 square feet, off street parking, and a lot sized of over 4,000 square feet with plenty of tandem parking and an oversized garage! Each units boasts beautiful hardwood floors, nice sized kitchens, and plenty of natural sunlight. Opportunities abound - for cash flow, conversion to a grand single family, or future condos. A 94 Walk Score - steps to all of Davis Square's fine restaurants, bars and shops, Red Line Train Station and Tufts University. Don't delay, this is the one you've been looking for.

Listed by Alex Genovese and Hans Nagrath of Flow Realty, Inc.

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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7 Carter Terrace Somerville MA 02143

MLS Number 72576481

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

Attention Contractors or Handyman.... Steps to public transportation. Huge 2 family home approx. 3400 sq ft. of living area and would make a great condo conversion. 1st floor has 6 rooms, 2 bedrooms and full bath. Beautiful hardwood floors and high ceilings. 2nd and 3rd floor has been gutted to the studs and framed. . Rough-ins for electrical and plumbing are done. Semi-finished basement. Roof was done about 2 yrs ago, and front porch was recently complete. Gas heat and new windows. 2 off-street parking and fenced in yard. This property will NOT qualify for financing FHA, VA or Conventional financing. Cash or Rehab loans only. Property is near schools, park, shopping and public transportation. All information to be verified by buyer/buyer agent. Seller/agents makes no warranties or representations. 2nd and 3rd floor to be seen on 1st showing only. NO EXCEPTIONS.

Listed by Maureen Schlegel of Century 21 Advance Realty

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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193 Broadway Somerville MA 02145

Price$2,125,000

Est. Mortgage: $/month

MLS Number 72575688

  • Multi-Family 4 Family
  • Year Built 1900
  • Bedrooms 9

RARE OPPORTUNITY. Oh the long lines of summer...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 & grandfathered take out windows (5) in the entire city! 3 large apartments: living/dining/3BR/1Bth in each. 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: h/wood flooring, gas cooking, spacious layout. Louie's is a landmark, the neighborhood icon, with two cute picnic table during and 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. 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

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$
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$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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193 Broadway Somerville MA 02145

MLS Number 72575638

  • Commercial
  • Year Built 1900

RARE OPPORTUNITY. Oh the long lines of summer...it's the 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! Three large apartments: liv/din/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. Louie's 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. 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

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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23 Cottage Avenue Somerville MA 02144

MLS Number 72574496

  • Multi-Family 3 Family
  • Year Built 1920
  • Bedrooms 13

Situated in the heart of Davis Square, 23 Cottage Avenue is a stabilized (5.25% cap rate on current income), 2.5-story, Victorian-style, multi-family investment property that recently underwent an extensive renovation. The Property contains three, direct entry units made up of a 3-Bedroom/2-Bathroom duplex unit, a 4-Bedroom/2-Bathroom tri-plex unit and a 6 Bedroom/3-Bathroom, tri-plex unit. The Property also contains off-street parking and a two-car garage that can accommodate 6-tandem spaces. The completely renovated Property features all new roof, new, hardie-plank siding, new and refinished flooring, new kitchens featuring granite counter tops, new bathrooms, new boilers and hot water tanks, electrical and plumbing upgrades, a rebuilt porch, replacement windows, paint and landscaping. FIRST DAY OF TOURS THIS THURSDAY, 10/10.

Listed by John Pentore and Dennis Kelleher of Horvath & Tremblay

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$
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$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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27 Pinckney Street Somerville MA 02145

MLS Number 72573987

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1900
  • Bedrooms 6

Start collecting $6,250 per month in rent right away with this turn-key 2-family house in East Somerville! With leases in place through August of 2020, a removal permit for condo conversion in-hand and 2018 updates that included new kitchen cabinets & appliances, bathrooms, and flooring, 27 Pinckney St. offers a lucrative investment opportunity that is hard to find in Somerville. Unit 1 features 2 bedrooms, 1 bathroom, laundry hook-ups and is currently rented for $2,500 per month. Unit 2 includes 4 bedrooms, 2 bathrooms, laundry in unit, and is currently rented for $3,750 per month. New roof, newer water heaters, and most of the windows replaced last year. Located between Assembly and Union Squares in the vibrant East Somerville area with easy access to 93 and downtown Boston, Sullivan Sq. and the Orange Line, and the new East Somerville stop on the Green Line Extension.

Listed by Santana Properties Team and Matthew Slowik of Keller Williams Realty

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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52 Bonair Street Somerville MA 02145

MLS Number 72574355

  • Multi-Family 5-9 Family
  • Year Built 1900
  • Bedrooms 9

Large 6-family in the Red Hot Winter Hill neighborhood of Somerville -- a stone's throw from the new Casino, Assembly Row, Union Square and the incoming Green Line extension! The time is right to adopt this cash cow for your own! Developers, take note, the adjacent 4-family property located at 54 Bonair St. is also for sale by the same owners. They prefer to sell as a package for a total of 10 units! Even at below market rents, this building brings in $126k / year. Crunch your numbers and let's make a deal! $$$

Listed by CG Properties Team and Carey Gatto of Keller Williams Realty

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$
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$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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54 Bonair Street Somerville MA 02145

MLS Number 72574356

  • Multi-Family 4 Family - 4 Units Up/Down
  • Year Built 1890
  • Bedrooms 7

Own your piece of red-hot Somerville! Offered with the adjacent property - 52 Bonair - for a total of 10 units, or individually. Bring your best offer! Great location close to I93, Assembly Row, Union Square and the incoming Green Line! Easy access to Cambridge, Boston, and the new Casino! Rents are below market. Hold these highly lucrative properties for long-term passive income or tap into the development potential!

Listed by CG Properties Team and Carey Gatto of Keller Williams Realty

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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32 Radcliffe Road Somerville MA 02145

Price$1,300,000

Est. Mortgage: $/month

MLS Number 72573313

  • Multi-Family 2 Family
  • Year Built 1905
  • Bedrooms 7

32 Radcliffe Road is a 2-unit multifamily building located in the Winter Hill neighborhood of Somerville, MA. The property offers investors the opportunity to purchase a high-quality piece of real estate with value-add potential in the burgeoning Somerville market. The property is a mere 0.2 miles from the future location of the Gilman Square Green Line stop, which will be operational in late-2021. It is also conveniently located nearby Assembly Row, one of New England's premier retail centers, The Encore Casino, and I-93. 32 Radcliffe Road is also an opportunity for owner-occupants who are attracted to the idea of lessening their mortgage expense by renting out a auxiliary unit.

Listed by Jason Weissman and Andrew Neal of Boston Realty Advisors

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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73 Bonair Street Somerville MA 02145

Price$1,200,000

Est. Mortgage: $/month

MLS Number 72573314

  • Multi-Family 2 Family
  • Year Built 1905
  • Bedrooms 5

73 Bonair Street is a 2-unit multifamily building located in the Winter Hill neighborhood of Somerville, MA. The property offers investors the opportunity to purchase a high-quality piece of real estate with value-add potential in the burgeoning Somerville market. The property is a mere 0.2 miles from the future location of the Gilman Square Green Line stop, which will be operational in late-2021. It is also conveniently located nearby Assembly Row, one of New England's premier retail centers, The Encore Casino, and I-93. 32 Radcliffe Road is also an opportunity for owner-occupants who are attracted to the idea of lessening their mortgage expense by renting out a auxiliary unit.

Listed by Jason Weissman and Andrew Neal of Boston Realty Advisors

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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7 Jaques Street Somerville MA 02145

Price$1,050,000

Est. Mortgage: $/month

MLS Number 72573315

  • Multi-Family 2 Family
  • Year Built 1905
  • Bedrooms 4

7 Jaques Street is a 2-unit multifamily building located in the Winter Hill neighborhood of Somerville, MA. The property offers investors the opportunity to purchase a high-quality piece of real estate with value-add potential in the burgeoning Somerville market. The property is a mere 0.2 miles from the future location of the Gilman Square Green Line stop, which will be operational in late-2021. It is also conveniently located nearby Assembly Row, one of New England's premier retail centers, The Encore Casino, and I-93. 32 Radcliffe Road is also an opportunity for owner-occupants who are attracted to the idea of lessening their mortgage expense by renting out a auxiliary unit.

Listed by Jason Weissman and Andrew Neal of Boston Realty Advisors

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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7-9 Louisburg Place Somerville MA 02145

MLS Number 72573354

  • Multi-Family 2 Family
  • Year Built 1890
  • Bedrooms 4

$24,000 price reduction ! Great opportunity for developer or contractor ! House is in need of total rehab !! Close proximity to Sullivan Station, Assembly Row & Cambridge . House is vacant easy to show ! Home has been in the family occupied for over 50 years. Great rental property !

Listed by AnneTorcivia of RE/MAX Trinity

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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40 Otis Street Somerville MA 02145

MLS Number 72573243

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1890
  • Bedrooms 6

$40K PRICE REDUCTION! Fantastic investment! Attention Owner Occupants or Investors! Great location in East Somerville! Short distance to so much... Assembly Row, Sullivan Sq T, Rt 93, McGrath Hwy, Trum Field and more. This DELEADED 2 family features good sized bedrooms and hardwood floors on the 1st and 2nd floors. All separate utilities. 5-6 car parking plus 2 car garage. The house is solid and needs some updating but well worth it. Some vinyl windows and some older. 1st floor furnace newer installed in 2016 and H2O tank 2017. 2nd furnace older but in working order with H2O tank installed in 2012. 1st floor unit lease ends 4/2020 and 2nd floor unit will be delivered vacant. Basement is equipped with add'l 1/2 bath and kitchenette (without stove, as is code) and storage area. Amazing opportunity to own a 2 family in East Somerville which is booming!

Listed by Joseph Duggan of RE/MAX Trinity

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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63 Hudson Street Somerville MA 02143

Price$899,000

Est. Mortgage: $/month

MLS Number 72572055

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 3

Group Showings this Sunday, Oct. 13th 10-11am, Tues. Oct. 15th 5:30-6:30 & Thurs. Oct. 17th 5:30-6:30pm. Sunny, Spacious, Two family. High ceilings. Great character and detail. Extra large barn out back needs work but could be amazing. Updated electric, hot water heaters, windows and boilers. Quiet neighborhood convenient to everything. First floor has Kitchen, Full bath, Living room and large bedroom. Second and third floor has Kitchen, full bath, living room and three bedrooms. Unit 2 bathroom was updated with radiant flooring and 2 split system A/C units. Beautiful hardwood floors and high ceilings. Both units are presently occupied but entire building will be vacant as of November 1, 2019. Make this home your own while generating rental income or convert back to an amazing single family!

Listed by Janice Lucas and John Vining of Voila Residential Brokerage

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$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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71-73 Woods Avenue Somerville MA 02144

MLS Number 72563781

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1920
  • Bedrooms 5

Opportunity knocks! West Somerville! Lovely 2-family home on a tree-lined street, perfect for owner occupant or investment purposes. Unit 1 is a 2 bed, 1 bath with beautiful hardwood floors throughout. You enter into the living room which flows nicely into the formal dining area. Generous sized bedrooms along with an updated kitchen and bath make this perfect for an owners unit! Unit 2 is a 3 bed, 1 bath and split up over two levels with well-kept hardwood floors on the main level. Enjoy the enclosed back porch for added living space. Exterior features include vinyl replacement windows and maintenance free vinyl siding! Additionally, a three car driveway plus garage allow for plenty of off-street parking, and a backyard waiting for your own personal touches. Updated electrical, newer water heater, and an almost-new fence are added bonuses! Easy access to public transportation and major highways! This home is a must-see, be sure to add it to your list! FULLY LEASED THROUGH MAY OF 2020.

Listed by Timothy Tremonte of Coldwell Banker Residential Brokerage - Cambridge

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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