$2,475,000
6
Beds
4/1
Baths
6,020
Living Area
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Property Description
Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods.
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Highlights
- Levels: 3
- Property Type: 5-9 Family
- Total Rooms: 13
- Status: Active
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
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Additional Details
- Construction: Frame
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- Total Number of Units: 6
- Year Built Source: Public Records
- Flooring: Wood, Tile
- Lot Features: Level
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Mr3
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,908,800
- Taxes: $28,451
- Tax Year: 2026
- Total Rent: $10,850
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Listing information provided courtesy of Benoit Real Estate Group ,LLC.
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