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220 Summer St

Somerville, MA 02143
$1,825,000
8 Beds
4 Baths
3,376 Living Area
  • Property Description
    Group showing: 1-2PM, Sun, 8/25/24. Opportunity knocks! Exceptional three-family residence situated within 1 mile to Porter Sq, David Sq, Union Sq and Magoun Sq, as well as Harvard U. and Lesley U. This newly renovated three-family property offers a compelling opportunity for investors seeking stable, long-term returns, or condo conversion, or a buyer looking for an owner-occupied three-family to live in while generating income to put towards your mortgage. The expansive first unit features three generously sized bedrooms and two full baths. Second unit comes with three bedrooms and a full bath. Third unit offers two bedrooms and one bathroom. Both unit 1 and 2 have a back porch. The spacious driveway can fit three cars. All units already renewed the leases: Unit#1/$3700 per month; Unit#2/$3300 per month; Unit#3/$2900 per month. High ceiling of the full size basement and all units provides perfect opportunity to developers. Pls come and check it out. Don’t miss out the opportunity
  • Highlights
    • Heating: Forced Air, Natural Gas, Oil
    • Property Class: Residential Income
    • Total Rooms: 12
    • Status: Closed
    • Parking Spots: 3
    • Property Type: 3 Family
    • Year Built: 1886
  • Additional Details
    • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
    • Construction: Frame, Stone, Post & Beam
    • Fireplaces: 2
    • Foundation: Stone
    • Road Frontage Type: Public
    • Total Number of Units: 3
    • Year Built Source: Public Records
    • Basement: Full, Unfinished
    • Exterior Features: Rain Gutters
    • Flooring: Tile, Vinyl, Hardwood
    • Interior Features: Stone/Granite/Solid Counters, Kitchen, Living RM/Dining RM Combo, Dining Room, Laundry Room
    • Roof: Shingle
    • Year Built Details: Approximate
    • Zoning: Nr
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Public School, T-Station, University
    • Parking Features: Paved Drive, Off Street, Tandem, On Street, Paved
  • Utilities
    • Electric: 110 Volts
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $1,165,200
    • Compensation Based On: Net Sale Price
    • Rental Fee Includes: Unit 1(Water), Unit 2(Heat, Water), Unit 3(Heat, Water)
    • Taxes: $12,409
    • Buyer Agent Compensation: 2.5%
    • Facilitator Compensation: 1%
    • Tax Year: 2024
    • Total Rent: $9,900

Location

220 Summer St, Somerville, MA 02143

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of RE/MAX Destiny. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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