241 Highland Ave
$1,900,000
6
Beds
4
Baths
4,247
Sqft
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$1,900,000
6
Beds
4
Baths
4,247
Living Area
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Property Description
Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.
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Highlights
- Heating: Steam, Natural Gas, Forced Air
- Property Class: Residential Income
- Stories: 4
- Year Built: 1900
- Levels: 4
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 18
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator
- Construction: Frame, Brick
- Flooring: Tile, Hardwood
- Interior Features: Upgraded Cabinets, Upgraded Countertops, Ceiling Fan(s), Storage, Open Floorplan, Living Room, Kitchen
- Roof: Shingle, Rubber
- Total Number of Units: 4
- Year Built Source: Public Records
- Basement: Concrete, Unfinished
- Exterior Features: Balcony/Deck
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rc
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Paved Drive
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $814,300
- Tax Year: 2025
- Total Rent: $8,150
- Rental Fee Includes: Unit 2(Hot Water)
- Taxes: $8,884
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