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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24 Princeton Somerville MA 02144

MLS Number 72664430

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

Great opportunity for developer, owner or investor. This two family with adjacent lot has immediate access to the bike trail and offers terrific investment opportunity. Property being sold "as is" and potential buyer to do their own due diligence regarding development potential or condo conversion. Plenty of off-street parking.

Listed by John F. Neelon of John F. Neelon

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Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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126 Cross Street Somerville MA 02145

MLS Number 72661703

  • Multi-Family 5-9 Family
  • Bathroom 7
  • MLS Status Active
  • Year Built 1900
  • Full Bath 4

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

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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18 Morton Street Somerville MA 02145

MLS Number 72660218

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

Location, Location!!! Move-In Ready - 2 family home on a quiet, 1 way street.; 7 minutes to Assembly Row, 16 minutes to Newbury St, 12 Minutes to Davis Sq, 18 minutes to Harvard Sq - centrally located with easy access to Rt 93. Residential Neighborhood excellent for walking with family, cat or dog. Home is within walking distance to Capuano Early Childhood Center, East Somerville Community School, Edgerly Education Center. First Unit has 2 bedrooms, 1 bathroom. Second Unit has 3 bedrooms, 1 bathroom, plus bonus room that can be used as office or nursery. Home also contains a basement with bathroom. No need to worry about parking!!! This home has a private driveway that can fit up to 5 cars. Cozy back yard to entertain with friends and guests. Second unit has a balcony. Great potential income suite. Will not last long. 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.

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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41-43 Glenwood Road Somerville MA 02145

MLS Number 72658243

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

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 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

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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4-6 Hamlet Street Somerville MA 02143

Somerville, MA4-6 Hamlet Street

Price$1,399,900

Est. Mortgage: $/month

MLS Number 72655720

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

Mansard Victorian two-family in desirable Union Sq/Prospect Hill neighborhood! Stunning architectural details include gleaming hardwood floors, soaring ceilings, original woodwork, ceiling medallions, built-ins, stained glass windows, and more! A gorgeous first-floor unit with a two-bedroom, one-bathroom floorplan features decorative fireplaces, wooden built-ins, and a clawfoot tub. The upper unit is a huge bi-level five-bedroom with two updated bathrooms, an eat-in kitchen, and two beautiful hand steam-rolled doors. A private yard with a patio allows for entertaining in warmer months, while off-street parking for three (or more) cars and close proximity to public transit gets you into Boston for a night out in minutes. With easy access to the best shopping and restaurants in nearby Union Square and Assembly Row, as well as nearby Green Line Extension T Stops, this multi-family is a fantastic opportunity for the savvy investor or owner-occupant. Property to be delivered vacant!

Listed by Joseph Pollack of Redfin Corp.

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Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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382 Broadway Somerville MA 02145

MLS Number 72651582

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

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

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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337 Somerville Avenue Somerville MA 02143

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

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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36 Summer Street Somerville MA 02143

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.

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$
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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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.

Save FavoriteSchedule TourAsk A QuestionMore Details

459 Medford Street Somerville MA 02145

Somerville, MA459 Medford Street

Price$1,350,000

Est. Mortgage: $/month

MLS Number 72636774

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

Fantastic opportunity for the Homeowner, Investor or Developer ! Three family home (5-5-3)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®

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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28 Brook Street Somerville MA 02145

Somerville, MA28 Brook Street

Price$850,000

Est. Mortgage: $/month

MLS Number 72632165

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

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

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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455 Mcgrath Highway Somerville MA 02145

Somerville, MA455 Mcgrath Highway

Price$819,000

Est. Mortgage: $/month

MLS Number 72632221

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

MAJOR 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. Located in a Cannabis Establishment zoned area. The small commercial space offers a bathroom and could house a hair salon or a 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. Wonderful passive income for the savvy investor. > 1 year Home Warranty provided at closing.

Listed by Tamara Schofield of Leading Edge Real Estate

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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81 Gilman Street Somerville MA 02145

Somerville, MA81 Gilman Street

Price$1,390,000

Est. Mortgage: $/month

MLS Number 72627492

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

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

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Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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 Gilman Terrace Somerville MA 02145

Somerville, MA7 Gilman Terrace

Price$1,250,000

Est. Mortgage: $/month

MLS Number 72623629

  • Multi-Family 3 Family - 3 Units Up/Down
  • Total Parking Spaces 3
  • Bathroom 4
  • MLS Status Active
  • Year Built 1890

Introducing 7 Gilman Ter, a large 3 Family with parking on a private street! Each unit has 5 rooms with in-unit W/D; The top floor unit has wood floors, with updated kitchen/bath and currently being used as a 3 bed. The 2nd floor, also being used as a 3 bed, has wood floors, high ceilings and large rooms. The basement has 2 finished rooms, along with a newer tiled bath. The first floor needs some TLC, could be converted into a 3 bedroom unit. The home has had several updates over the years including new heat/hot water systems, new roof, new electric service, and replacement windows in some units. With it's full size basement, paved yard, and off-street parking for 3, this home is the complete package. A stone's throw to the under construction Gilman Sq green line stop. This home is attractive, with it being accessible to Sullivan Sq orange line, bike to Kendall or Davis Sq; walk to East Somerville Assembly Row or Union Sq. neighborhoods.

Listed by Sabbor Sheikh of Berkshire Hathaway HomeServices Commonwealth Real Estate

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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107 Cross Street Somerville MA 02145

MLS Number 72611738

  • Multi-Family 2 Family - 2 Units Up/Down
  • Bathroom 3
  • MLS Status Active
  • Year Built 1890
  • Full Bath 3

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

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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34 Windsor Road Somerville MA 02144

MLS Number 72609163

  • Multi-Family 3 Family
  • Total Parking Spaces 3
  • Bathroom 4
  • MLS Status Active
  • Year Built 1915

House Is back on market but showings are restricted to Covod-19 procedures Davis Sq. 5 min walk to "T" Station. Large 3 family in very good condition. Move right in to first floor and collect 2 rents to help with mortgage. First floor unit has central A/C. Unit 2 occupied by 2 professional women pays $2600, unit 3 $1200 single professional women. leases expire this August 31.Rents are well below Market and will easily bring in more. Tile and hardwood floors through out. Laundry in each unit. 2 new heating systems in rental units. Enjoy all that Davis sq. offers. Restaurants, Cafés , Movie theater, Shops, Also easy walk to Porter and Ball Squares and Tufts. Please note Unit 1 which includes finished lower level will be delivered empty. Great opportunity for owner occupied or investor. New gas heating systems and Hot water heaters. the roof is about 10 years old.

Listed by Edward Accomando of RE/MAX Andrew Realty Services

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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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
  • Total Parking Spaces 4
  • MLS Status Active
  • 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: 3.07% last updated on Jul 2, 2020
* 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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669 Somerville Avenue Somerville MA 02143

Somerville, MA669 Somerville Avenue

Price$4,300,000

Est. Mortgage: $/month

MLS Number 72439568

  • Multi-Family 5-9 Family
  • Bathroom 8
  • MLS Status Active
  • Year Built 1920
  • Full Bath 8

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

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$
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$/month over payments
Federal 30-year interest rate: 3.07% last updated on Jul 2, 2020
* 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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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.