5 Magnus Ave
$1,995,000
9
Beds
3
Baths
3,573
Sqft
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$1,995,000
9
Beds
3
Baths
3,573
Living Area
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Property Description
Prime investment opportunity in the heart of Somerville! This 3-family property offers roughly 3,600 sqft of living space across three spacious units, generating great rental income. Each unit features large living areas, in-unit dishwashers, and ample natural light, with 3 bedrooms and 1 bathroom per unit. 2 Off-street parking spots on a paved driveway add convenience. Located near Porter Square, Harvard University, Whole Foods, and public transportation, this property is perfect for investors or owner-occupants. Additional highlights include separately metered electric, natural gas heating, newer furnaces for all 3 units, vinyl siding, and a full basement with exterior access. Don’t miss this opportunity to own a high-income property in one of Somerville’s most desirable locations!
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Highlights
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1920
- Parking Spots: 2
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 18
- Status: Active
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Additional Details
- Basement: Full, Partially Finished
- Flooring: Wood, Tile, Carpet
- Lot Features: Corner Lot
- Roof: Shingle, Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
- Construction: Frame
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rb
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, T-Station, University
- Parking Features: Paved Drive, Off Street, On Street, Paved
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Utilities
- Electric: 100 Amp Service, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,606,200
- Tax Year: 2025
- Total Rent: $12,000
- Compensation Based On: Net Sale Price
- Taxes: $17,524
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Content © 2025 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 Douglas Elliman Real Estate - The Sarkis Team.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.