248 Somerset Ave
$579,000
5
Beds
2
Baths
1,354
Sqft
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$579,000
5
Beds
2
Baths
1,354
Living Area
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Property Description
Strong income-producing two-family located directly across from Memorial Park with major updates and long-term rental stability already in place. This property generates $4,550/month with Unit 1 leased through July 2027 and Unit 2 leased through April 2027. Recent improvements include a new heating system installed in 2022 and a new deck completed in 2024. The building offers gas heat, separate electric, off-street parking, and a rare 9-foot-ceiling basement with meaningful potential for future expansion or an additional unit. Washer/dryer hookup located in the basement. Situated in a strong rental area with convenient access to shopping, transit, and commuter routes, this turnkey asset delivers reliable cash flow with clear upside and low owner expenses. Buyer and buyer’s agent to perform all due diligence.
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Highlights
- Area: Weir Village
- Heating: Natural Gas
- Parking Spots: 4
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 9
- Status: Active
- Cooling: Window Unit(s)
- Levels: 2
- Property Class: Residential Income
- Stories: 2
- Year Built: 1890
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Additional Details
- Appliances: Washer/Dryer, Oven, Microwave, Refrigerator
- Construction: Conventional (2x4-2x6)
- Flooring: Vinyl, Hardwood
- Interior Features: Storage, Pantry, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Ceiling Fan(s), Cathedral/Vaulted Ceilings, Kitchen, Living RM/Dining RM Combo, Living Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: 3.31
- Basement: Full, Concrete
- Exterior Features: Balcony/Deck, Rain Gutters
- Foundation: Stone
- Lot Features: Cleared, Gentle Sloping
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship
- Parking Features: Paved Drive, Shared Driveway, Off Street, Common, Driveway, Paved
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Utilities
- Electric: Circuit Breakers, 100 Amp Service, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $553,400
- Tax Year: 2026
- Total Rent: $4,550
- Rental Fee Includes: Unit 1(Heat, Water), Unit 2(Heat, Water)
- Taxes: $6,165
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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 Lomba Realty Group, Inc..
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.