$1,595,000
8
Beds
3
Baths
3,341
Living Area
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Property Description
Prime Turnkey Two-Family on Summer St, steps From Bow Market and Union Square. Impeccably maintained and perfectly positioned, this property offers two spacious units with modern updates, and solid rental history. Both units offer an abundance of natural light, with hardwood floors, and renovated kitchens. Unit 1 (first floor + lower level) is currently used as a 3 bed/2 bath with 1128 sqft on the main level and 764 sqft on the lower level. Unit 2 (second and third floors) is currently used as a 5 bed/1 bath with 1110 sqft on the second floor and 339 sqft on the third. Strong rental income: $9,020/month (Unit 1: $4,200 | Unit 2: $4,820). Three tandem parking spaces for use by Unit 1 tenants. Whether you’re seeking a turnkey investment with an attractive cashflow, or envision living in one unit while renting the other, this property offers different possibilities for a discerning investor in Somerville’s vibrant Union Square.
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Highlights
- Cooling: Window Unit(s)
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
- Heating: Baseboard, Natural Gas
- Parking Spots: 3
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 16
- Status: Active
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Additional Details
- Appliances: Range, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Dishwasher
- Construction: Stone
- Flooring: Hardwood, Other
- Interior Features: Bathroom With Tub, Living Room, Kitchen, Dining Room
- Road Frontage Type: Public
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: 1040
- Basement: Full
- Fireplaces: 1
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, University
- Parking Features: Paved Drive, Off Street, Tandem
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Utilities
- Electric: 110 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,117,400
- Tax Year: 2026
- Total Rent: $9,020
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $12,269
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Listing information provided courtesy of Coldwell Banker Realty - Cambridge.
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