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You are here:
Home Massachusetts Somerville Multi-Family Homes for Sale

241 Highland Ave Somerville, MA 02143

22 Days on Boston Pads
14 Photos
$1,800,000
4 Unit
3 Beds
3 Baths
4247 SQFT
0.07 Acre
241 Highland Ave
Somerville, MA 02143

Property Description

This meticulously maintained three-family building boasts a prime location and is fully leased to a vibrant community of young professionals. Additionally, it features coveted retail space on the ground floor, across from Somerville Hospital, offering endless possibilities for entrepreneurial ventures. Key Features: Fully Leased: Enjoy immediate returns on your investment with all three residential units occupied by young professionals. This ensures a steady stream of rental income from day one. Prime Location: Situated in the heart of Somerville, this property benefits from the bustling atmosphere of Highland Ave. With convenient access to public transportation, restaurants, and amenities, it attracts tenants seeking convenience and lifestyle. Retail Space: The first floor presents an exciting opportunity for retail businesses to thrive across from Somerville Hospital. Whether it's a cozy cafe, boutique shop, or professional office, this versatile space offers endless pot

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 9
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 88200
  • Net Operating Income: 88200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 3

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 4

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73221310
  • Last Updated: 04/12/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/12/2024Active$1,800,000$424MLSPIN
04/08/2024New$1,800,000$424MLSPIN
04/17/2023Expired$24MLSPIN
10/16/2022Active$24MLSPIN
10/12/2022Back on Market$24MLSPIN
09/09/2022Under Agreement$24MLSPIN
08/26/2022Contingent$24MLSPIN
05/24/2022Active$24MLSPIN
05/20/2022New$24MLSPIN

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View Breakdown

Seller's Representative: Junyu Luo, Harmony Hill Realty LLC
Sub Agent Compensation: 2
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: Yes

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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 2024-04-12 03:05:00