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You are here:
61 Days on Boston Pads
NextGen Realty, Inc.
22 Photos
$1,549,999
Type: Mixed Use
Other (See Remarks)
5318 Bldg. SQFT
4 Restroom
Parking: N/A
431 Medford
Somerville, MA 02145

Property Description

Unmatched Investment Opportunity in Somerville! Seize the chance to own this exceptional mixed-use building just a few blocks from the Gilman Square Green Line station! This prime corner property offers outstanding visibility and signage, featuring two retail spaces leased through 2026, ensuring immediate income stability. Above, discover two spacious 4+ bedroom apartments that highlight beautiful hardwood flooring, generous living areas, and modern layouts. With an impressive annual income of 124.8K this property not only provides solid returns but also boasts huge upside potential for future rent increases. Located in the thriving Winter Hill section, you’re close to Assembly Row and have seamless highway access to downtown Boston. Surrounded by vibrant restaurants, shops, and local amenities, this rare opportunity won’t last long—act now to secure your investment in this desirable neighborhood!

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Other (See Remarks)
  • MLS ID#: 73292224

Financial

  • Gross Annual Expenses: 67563
  • Gross Annual Income: 127521
  • Net Operating Income: 90314
  • Lease Type: Other (See Remarks)

Building Information

  • Total SQFT: 5318
  • Total Restrooms: 4

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/23/2024Active$1,549,999$291MLSPIN
09/19/2024New$1,549,999$291MLSPIN

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Map & Resources

Northeastern Junior High School

Grades: 7-9

0.29mi

The Learning Circle

Grades: PK-K

0.3mi

Arthur D Healey School

Public Elementary School, Grades: PK-8

0.43mi

Full Circle High School

Public Secondary School, Grades: 9-12

0.45mi

Somerville High School

Public Secondary School, Grades: 9-12

0.45mi

Next Wave Junior High School

Public Middle School, Grades: 6-8

0.45mi

International Driving School

Driving School

0.31mi

Zaruma Gold

Cafe

0.33mi

Armory Cafe

Cafe

0.36mi

Dunkin'

Donut & Coffee Shop

0.33mi

Dunkin'

Donut & Coffee Shop

0.41mi

Tipping Cow

Ice Cream Parlor

0.08mi

Highland Kitchen

Regional Restaurant

0.33mi

Mama Lisa's Pizzeria

Pizzeria

0.35mi

Sarma

Turkish Restaurant

0.38mi

Zen Dog Training

Pet Grooming

0.31mi

Reilly-Brickley Central Fire Station

Fire Station

0.45mi

Somerville Fire Department Engine 7

Fire Station

0.55mi

Somerville Hospital

Hospital

0.46mi

The Armory

Arts Centre

0.34mi

Somerville Historical Museum

Museum

0.44mi

Hoyt Sullivan Playground

Municipal Park

0.13mi

Somerville Junction Park

Park

0.18mi

Paul Revere Park

Park

0.22mi

Henry Hanson Park

Park

0.24mi

Community Path

Municipal Park

0.27mi

Central Hill Memorial Park

Municipal Park

0.32mi

Gilman Square

Park

0.37mi

Albion Park

Municipal Park

0.37mi

Marshall Street Playground

Playground

0.34mi

Healy Community Tot Lot

Playground

0.41mi

Medford Street Laundromat

Laundry

0.01mi

Elizabeth Peabody House

Childcare

0.45mi

Natacha Beauty Salon

Hairdresser

0.07mi

Mabel's

Hairdresser

0.35mi

Biosol Beauty Salon

Hairdresser

0.39mi

Hair at Little Hollow Salon

Hairdresser

0.41mi

Curlz & Cutz

Hairdresser

0.43mi

Mobil

Gas Station

0.29mi

Bostonian Convenience II

Convenience

0.05mi

Sky Braz

Convenience

0.07mi

Get-N-Go

Convenience

0.33mi

Shivalic Food & Spices

Convenience

0.36mi

Rosemary's

Convenience

0.44mi

CVS Pharmacy

Pharmacy

0.37mi

Walgreens

Pharmacy

0.38mi

Medford St @ Central St

80

0.02mi

Medford St @ Central St

80

0.03mi

Medford St @ Sycamore St

80

0.09mi

Medford St @ Sycamore St

80

0.1mi

Medford St @ Bartlett St

80

0.15mi

Medford St @ Glenwood Rd

80

0.18mi

Broadway opp Main St

89
8993

0.2mi

Broadway @ Main St

101
89
8993

0.22mi

Seller's Representative: Zachary Conley, NextGen Realty, Inc.
MLS ID#: 73292224

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-11-12 16:12:00

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