Investment Properties for Sale in Somerville MA

MLS Number 72661703

• Multi-Family 5-9 Family
• MLS Status New
• Year Built 1900
• Bathroom 7
• Bedrooms 6

Investment/development opportunity knocking nice and loud. Just 1/4 mile from the new MBTA GLX East Somerville stop (corner of Joy and Washington St) and steps from union sq. Side by side connected triple deckers. Built originally as 6 residential units. Most recently used as residential lockup facility. This property contains over 7000 sf of living area but now contains just one large commercial kitchen and only 4 full bathrooms as interior has been reconfigured away from traditional apartment setups. East Somerville stop at the corner of Joy St and Washington St., Somerville's new zoning map lists this parcel within the UR (Urban Residence) zoning district and is within a Transit Area (inside 1/4 mile of transportation station). Buyers are encouraged to perform their own due diligence. A great opportunity in a quickly changing location!

Listed by Charles Ball and Christine Ball of Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS Number 72660218

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

Location, Location, Location!!! Nice 2 family home on a quiet, one way street, close to so many amenities and stores such as Assembly Row, Sullivan Sq., Route 93, as well as schools, public transportation, police station, and much more in East Somerville/Cambridge borderline. Four to 5 cars off street parking. This house is a legal two family building or could be used for the extended family that needs many rooms and bathrooms. Showings per COVID-19 protocol.

Listed by Ruben Nieves of The 7th Millenium Real Estate Co.

MLS Number 72660222

• Multi-Family 5+ Family - 5+ Units Up/Down
• MLS Status Active
• Year Built 1890
• Bathroom 22
• Bedrooms 26

The Hollander Block consists of two majestic Queen Anne buildings on the corner of Walnut St & Pleasant Ave on Prospect Hill in Union Sq, one of the fastest growing neighborhoods in Somerville. This rare asset consists of 22 apartments - 20 one bed & 2 three bed units. The property is conveniently located just 3 blocks from bustling Union Sq, soon to be home to the new Green Line extension. The neighborhood boasts many great shops & restaurants including the recently established Bow Market. The Union Square Redevelopment has added to the upward trajectory that Union Sq has been experiencing and is poised to add 2.4 million sqft of office, retail and lab space. All leases are ending on varying dates in the summer of 2020, producing annual gross income of $525,000 with projected annual gross income of $591,000. There is significant value add opportunity through cosmetic updates and basic living area optimization. Rubber roofs replaced in 2002 & 2014, gas heat conversion in 2008.

Listed by Adam Umina and Mark Pearlstein of Metro Realty Corp.

MLS Number 72659682

• Multi-Family 4 Family
• Total Parking Spaces 1
• MLS Status Active
• Year Built 180
• Bathroom 4

Red hot Union Square. Don't miss this rare opportunity to purchase a fantastic investment property. Available for the first time in over 70 years, this 4 family features side by side duplex style units. 1st floor units are both 3 room one bedroom flats. 2nd floor units are both 2 level 3 bedroom layouts. Unit 14-1 is vacant and ready for upgrades. The 3 remaining units are rented. This property is just blocks from the Green line extension that is projected to open in the near future. With an abundance of shops, restaurants and access to Universities and prolific area business's and Boston just beyond you should never have trouble renting these units. This property is in need of extensive updates. Seller is looking for highest and best clean offers. The vacant 1 bedroom unit and both sides of the basement may be accessed prior to making offers by appointment. Full access to the property will only be provided after an offer is accepted.

Listed by Team Patti Brainard of Compass

MLS Number 72658243

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 4
• MLS Status Active
• Year Built 1900
• Bathroom 2

Solid and very well-maintained two family property in one of Somerville's most sought-after neighborhoods; Magoun Square. Great Opportunity to own just a block away from MBTA Magoun Square Green Line projected to open in 2021. A commuter's dream come true! Property features double pane energy efficient windows throughout and an aluminum architectural roof with lifetime warranty. Property is great for an owner-occupant looking for rental income or a pure investment cash cow. First floor unit is a 2 bedroom, 1 full bath, renovated space with a bright and airy open concept layout. The unit features granite countertops, stainless steel appliances, refinished hardwood floors, and in-unit laundry. The second floor unit is a 3 bedroom 1 bath unit featuring a traditional living/dining/kitchen layout with classic Somerville detail and charm. This property gives Great Condo Conversion opportunity in a HOT Somerville market where prices are going up and this will not last!

Listed by Robert Brown of Keller Williams Realty Boston-Metro | Back Bay

MLS Number 72651582

• Multi-Family 2 Family
• Total Parking Spaces 5
• MLS Status Active
• Year Built 1900
• Bathroom 3

Amazing opportunity to own this stately and massive Victorian two-family home at the top of Winter Hill in Somerville. Approx. 4,000 sq. ft. on the three main floors and an additional 1,066 sq. ft. in finished lower level with walkout in the rear. This Multi-Family home sits on a 6,840 sq. ft. lot. The first-floor apartment has been updated to include kitchen w/ granite counters and saintless steel appliances, as well as an updated tile bath w/ glass shower doors. The upstairs apartment awaits your creative designs. Two car garage plus parking for 3 cars and outdoor space for relaxing. Great location in the center of everything. Close to Winter Hill Brewing, Magoun Square, CVS, etc. Close to proposed green line extension. The property will be delivered vacant at closing.

Listed by Allan Fils-Aime of Ivy Realty Group

MLS Number 72649887

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

This property checks all the boxes when it comes to location. Conveniently situated across from the Porter Square Shopping Center, near Davis Square, easy access to public transportation, and the wonderful restaurants and shopping. This property has been in the same family for decades and features updated kitchens, baths, in unit laundry and well maintained hardwood floors. The first floor unit has potential for a second bedroom and the second floor unit has 2 levels of living space Add a little creative TLC and make this your home. This classic two-family property offers excellent options for an owner-occupant and/or investor. Opportunity abounds in this two-family home!

Listed by Sheldon Hampton and Steven Savarese of Century 21 Adams KC

MLS Number 72644185

• Commercial
• MLS Status Active
• Year Built 1920

4,400 SF Retail/Flex Commercial Condo Available for Sale In Union Square, Somerville! Additional 1900 SF of lower level space -- 8ft' ceiling height. This presents a unique opportunity to join Somerville's premiere shopping and entertainment destination. Bow Market neighbors in the rear and connects via outdoor courtyard. The space boasts high ceilings and an open floor plan allowing for a plethora of potential uses and configurations. 'Condo 2' maintains rights to the exclusive use of multiple outdoor/exterior spaces - both in the rear courtyard and front of Somerville Ave. The site is a short 3 minute walk to the new GLX Union Square transit station. As part of the Green Line Extension US2, a Chicago based developer, has partnered with USAA and the City of Somerville to Master Plan Union Square with more than 2.4MM SF of mixed use development. Phase one of the $1.5B project commences Q1 2020.

Listed by Julian Lewis of ABG Realty

MLS Number 72643017

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 3
• MLS Status Extended
• Year Built 1929
• Bathroom 2

Top Location for this spacious two family on the Cambridge-Somerville line. Home features 3 levels. First floor Unit has 5 rooms, 2 bedrooms and 1 bath plus back porch. Second floor Unit has 2 levels with 6 rooms on first level and 2 bedrooms plus home office on second level. Also offers 2 enclosed porches and 3 off-street parking spaces. New heating systems in 2018-large basement with high ceilings. Many newer windows. This home has been very well maintained but needs updating. Short walk to buses to Davis Sq., Porter Sq., Union Sq., and Lechmere. Also restaurants, shops and supermarket all walking distance. Residential property tax exemption when owner occupied. Easy to show. Please follow CDC safety guidelines for CoronavirusLL! Visitor permits included and renewed annually wIth new owner in addition to residential permits. Washer, dryer and two refrigerators included as gifts in sale.PLEASE SEE VIDEO THIS HOME CAN BE SHOWN AS IT MEETS THE NEW GUIDELINES.

Listed by Kate Moscatel of Sweeney & OConnell

MLS Number 72639201

• Commercial
• MLS Status Active
• Year Built 1910

Across from Nunziato Field and steps to Union Square, this 1-story building with basement and tiny rear yard was used as a laundromat for several years. It is in NR zoning now. Buyer to perform due diligence to determine allowed uses under new zoning code adopted Dec. 2019. The current owners purchased it in April 2019 to relocate their retail business but have changed their plans. The property has been gutted and will be sold as is. Owners' architectural plans are available for review/reference. Excellent opportunity. Not suitable for conventional financing due to gut; explore construction/portfolio loans or cash options. Near restaurants, grocery stores, businesses, offices, parks, universities. Quick access to Boston and Cambridge by public transit, car, bike, or foot. Near several bus lines, including the CT2, 85, 86, 87, 88, and 91. Steps from long-awaited Union Sq. Green Line Extension subway stop (slated to open 2021). Close to Routes 93, 38, 28, 90, 16, and 2.

Listed by Thalia C. Tringo of Thalia Tringo & Associates Real Estate, Inc.

MLS Number 72637114

• Commercial
• Total Parking Spaces 6
• MLS Status Active
• Year Built 1900

Virtual tour of upper unit: www.seetheproperty.com/story/342933/u --- Zoned Residential or Business. Perfect for offices, classrooms, live/work arrangement. The uniquely beautiful Queen Anne 2-family facing Nathan Tufts Park. Fantastic commute location ~2 blocks to the Ball Square Green Line T, near Tufts and Davis Sq. Stunning inlaid parquet, millwork walls, decorative woodwork, expansive porches, slate roof, leaded glass, some original art deco fixtures. You'll love the large rooms, glimpse of Boston skyline, 2-car garage, 4-car driveway and permit on-street parking. Upgrades 100% new 200 amp electric, 3-zone heating/central air, plumbing, maintenance-free decks, lowered basement floor to 89" ceiling height, 2 interior egress stairways for all 3 floors, sprinklers, coin-op laundry, more. See feature sheet for details. Upstairs lease ends 9/1/20, downstairs 6/1/2021, rent increases to $8000-8500 depending on garage/parking as of 9/1/20.

Listed by Robyn Bonnett of Compass

MLS Number 72637102

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 6
• MLS Status Active
• Year Built 1900
• Bathroom 4

GOOD-LOOKING, INTERESTING, SMART! Stately, roomy, Queen Anne shingle-style 2-family near Davis Square, upcoming Ball Square Green Line, Tufts. Faces charming, bucolic Nathan Tufts Park. THE BEAUTY - inlaid parquet floors, mill work walls, expansive porches, leaded glass, deco fixtures - even a fun ice box. THE BRAINS - live upstairs and rent the down - PLUS the big upgrades are done, like all new electric, 3-zone heating, central AC, plumbing, maintenance-free decks, new walls & insulation, ceiling height basement, 2 full interior egresses from each floor, coin-op laundry, 2nd fl laundry hookup, central vac, the list goes on! Glimpse of Boston skyline, desirable 2-car garage, 4-car drive, decks, porches, yard. Solid rental history. New exterior paint. Downstairs leased to 6/1/21. long-term tenants w/below market rents, increase to $8000-$8500 depending on garage/parking as of 9/1. Ask for list of updates. Virtual tour of upstairs unit: https://www.seetheproperty.com/story/342933/u

Listed by Robyn Bonnett of Compass

MLS Number 72637251

• Multi-Family 2 Family - 2 Units Up/Down
• MLS Status Active
• Year Built 1900
• Bathroom 3
• Bedrooms 6

Location-Location-Location for this fantastic Somerville multi family located off Broadway, Walking distance to Sullivan Square T-Stop, close to local restaurants and Assembly Square Mall. "As is" cash only sale w/no contingencies. Interior/exterior inspections are available by appointment with 72 hours notice and the property is being sold as-is. After offer submission, it may take up to 5 business days for offer decision. Communication will be sent to buyers with results & next steps for the accepted offer. Please submit all offers as investors which will be reviewed after day 5. Please contact Listing Agent for details DO NOT Disturb occupant. Estate Sale sale shall not close earlier then 90 days from a executed purchase and sale - DO NOT WALK AROUND PROPERTY WITHOUT APPOINTMENT - BROKERS WELCOME !!! SHOW & SELL TODAY - all reasonable offers considered

Listed by Erik Mckenzie of Mass Realty Advisors

MLS Number 72636774

• Multi-Family 3 Family - 3 Units Up/Down
• MLS Status Active
• Year Built 1900
• Bathroom 4
• Bedrooms 5

Fantastic opportunity for the Homeowner, Investor or Developer ! Three family home 5-5-4 Delivered Vacant! Separate Heat & Utilities. Minutes to the new Green Line Extension, Davis Sq Red Line, buses to the Orange Line & close to the Community Bike Trail & Walk Path! This quality home has been been in the same family for decades. Features lots of charm, natural woodwork, huge fenced yard, partially finished basement with an additional bath! Will be delivered vacant and being Sold,”As Is". Terrific investment! It's a big money maker with lots of potential! . Great opportunity!

Listed by Jeremy Nissenbaum of Nissenbaum, REALTORS®

MLS Number 72632165

• Multi-Family 2 Family
• Total Parking Spaces 2
• MLS Status Active
• Year Built 1890
• Bathroom 3

28 Brook Street is a two-family home with excellent potential for renovation. The current units each have two bedrooms and one bathroom. The second floor unit has an additional space on the third floor that can be renovated to create a master suite or home office. 28 Brook Street features hardwood floors, high ceilings, a private yard and off-street parking, all of which are in high demand for both renters and buyers. This property also has the potential to be turned into a beautiful single-family home. Located on a quiet side street in East Somerville, 28 Brook Street offers peace and quiet just a short distance from the dining, shopping and entertainment destinations of Assembly Row and Broadway.

Listed by The Sleeper Team of Senne Residential

MLS Number 72632221

• Multi-Family 2 Family - 2 Units Up/Down
• MLS Status Active
• Year Built 1900
• Bathroom 2
• Bedrooms 3

Recently unoccupied & PRICE IMPROVEMENT, this property is easy to show! Unit 1 consists of 1 bedroom & a small office, pantry in the kitchen, and hardwood floors in living & bedroom. Unit 2 offers multi-level living with 2 bedrooms on the main floor and additional space on the third floor. ROOF is 7 YRS old & replacement windows make cleaning them easy. The location is gold, nestled between the proposed Union Square & Washington Street stops of the Green Line extension; multiple bus stops, restaurants, & shops in the area as well. The small commercial space offers a bathroom and could house a hair salon or small office. It could also be the best HOME OFFICE set up of 2020! This space is not currently rented but the landlord did collect $700/month at one time. Last rentals on the residential units totaled $4,200/moth. PRIVATE SHOWINGS can be SCHEDULED through ShowingTime. 1 year Home Warranty provided by the seller at closing

Listed by Tamara Schofield of Leading Edge Real Estate

MLS Number 72627492

• Multi-Family 2 Family
• Total Parking Spaces 1
• MLS Status Active
• Year Built 1900
• Bathroom 2

Location! Location! Location! MBTA Gilman Square Green Line projected to open in 2021; Great Opportunity to owe a Large two family just a block away from new Gilman Square T stop. A commuter's dream come true! New Roof installed in February 2020, separate Electric panels for each Unit with circuit breakers, 2 Gas furnaces and 2 hot water heaters, Large Walk-out Basement which could be finished to add more living space in Future! Unit 2 has newer kitchen cabinets, stylish new quartz counter-tops/back-splash and all new hardwood floors. Both the units are fully rented w/ “Tenancy at Will” leases. Accessible to all T-Stations including Sullivan Square, Kendall, Davis Square, walk to Union Square; Enjoy all the amenities at Assembly Square. Minutes to Schools, shopping, and all the major arteries, Cambridge and Boston. This property gives Good Condo Conversion opportunity - Surprised this already isn't two Condos! Hot Somerville market where prices are going up and this will not last!!

Listed by Susan Chopra of Primus Realty

MLS Number 72625418

• Multi-Family 2 Family - 2 Units Up/Down
• Total Parking Spaces 6
• MLS Status Active
• Year Built 1933
• Bathroom 6

This multi-family home has been refurbished to a state of pristine beauty and made to be contemporary in design. Gorgeous updates include shiny hardwood flooring through-out, freshly painted walls, modern windows, inset lighting, new hot water heater, & forced air heater and AC systems. Each unit has 3 full bathrooms, dining room, large living room, family room, back porch, and a new superbly designed kitchen: SS appliances, lots of cabinet space, huge refrigerator, five-gas burner stove with fryer, dishwasher, sink with disposal, marble countertops, with outlets every few feet along countertop areas. Unit 1 has 2 bedrooms, (w/ Master bed), a huge finished lower level with full bath and laundry area. Unit 2 has 2 floors, 4 bedrooms (w/ Master Bed), & laundry room. Home has a 2-car garage, & 4 off-street parking. Location is within close range to Tufts Univ, Davis Sq. Red Line providing easy access to Harvard, MIT, and Boston. Many quality restaurants and shops are nearby.

Listed by Hong Shuang Ma and William Thompson of eXp Realty

MLS Number 72611738

• Multi-Family 2 Family - 2 Units Up/Down
• MLS Status Extended
• Year Built 1890
• Bathroom 3
• Bedrooms 5

NEW PRICE Come and take a second look or See it for the First time. Many opportunities for investors or owner occupants for Condo conversion on this Beautifully maintained two family Colonial with possibilities for in law on third level. Newer Gas furnaces installed in 2012, newer hot water tanks and sprinkler system installed. Wonderfully located minutes to Assembly Row, Restaurants, Rte 93 and Walking distance to Sullivan Square orange line. Views of Boston Skyline from the top level of this home especially exciting for the 4th of July fireworks spectacular.

Listed by Patricia Agati of Wilson Wolfe Real Estate