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

39-41 Gilman Somerville, MA 02145

131 Days on Boston Pads
Price Reduced $240,000
31 Photos
$2,950,000
4 Unit
16 Beds
8 Baths
4724 SQFT
0.23 Acre
39-41 Gilman
Somerville, MA 02145

Property Description

Don't miss this exceptional chance to own a fully renovated 4-unit multifamily building in the heart of East Somerville! Each spacious unit offers 4 bedrooms and 2 full bathrooms, with 2 units featuring an office/den space as well. This building has been thoughtfully updated with modern finishes and layouts ideal for both renters and owner-occupants. With room for 4 off-street parking spots, this property offers a rare convenience in this vibrant urban neighborhood. Situated just minutes from the new Green Line Extension, Assembly Row, restaurants, shops, and major commuter routes, this location is a high-demand rental market with strong income potential.Whether you're an investor looking to add a turn-key property to your portfolio or a buyer seeking long-term appreciation in one of Somerville’s fastest-growing areas, this building delivers.

Property Overview

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 16
  • Total Full Baths: 8
  • Common Rooms: Kitchen, Living Room, Office/Den

Financial

  • APOD Available: No
  • Gross Operating Income: 198708
  • Net Operating Income: 198708

Utilities

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

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73410300
  • Last Updated: 09/12/25

Date Event Price Price/Sq Ft Source
09/12/2025Active$2,950,000$624MLSPIN
09/08/2025Price Change$2,950,000$624MLSPIN
08/01/2025Active$3,190,000$675MLSPIN
07/28/2025New$3,190,000$675MLSPIN

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Map & Resources

Full Circle High School

Public School, Grades: 9-12

0.22mi

Winter Hill Community School

Public Elementary School, Grades: PK-8

0.23mi

East Somerville Community School

Public Elementary School, Grades: PK-8

0.23mi

Next Wave Junior High School

Grades: 7-9

0.24mi

Capuano Early Childhood Center

Public Elementary School, Grades: PK-1

0.27mi

Somerville High School

Public Secondary School, Grades: 9-12

0.28mi

Next Wave Junior High School

Public Middle School, Grades: 6-8

0.28mi

Full Circle High School

Public Secondary School, Grades: 9-12

0.28mi

Casey's

Bar

0.35mi

Backbar

Bar

0.41mi

Vera's

Bar

0.44mi

Bloc

Cafe

0.43mi

Union Square Donuts

Donut (Cafe)

0.45mi

Friends Pizza

Pizzeria

0.23mi

Dunkin'

Donut & Coffee Shop

0.33mi

Taqueria Picante

Mexican (Fast Food)

0.42mi

Somerville Police Department

Police

0.42mi

East Somerville Police Substation

Police

0.47mi

Reilly-Brickley Central Fire Station

Fire Station

0.38mi

Somerville Fire Department

Fire Station

0.44mi

Nunziato Field Dog Park

Dog Park

0.43mi

Edward L. Leathers Dog Park

Park

0.21mi

Glen Street Park

Municipal Park

0.22mi

Prospect Hill Park

Municipal Park

0.27mi

Central Hill Memorial Park

Municipal Park

0.29mi

Corbett-McKenna Park

Municipal Park

0.3mi

Gilman Square

Park

0.31mi

Foss Park

State Park

0.36mi

Central Hill Playground

Playground

0.19mi

Deanna Cremin Playground

Playground

0.21mi

Glen Street Playground

Playground

0.22mi

Marshall Street Playground

Playground

0.39mi

Sudzy Sal's Laundromat

Laundry

0.2mi

The Lost Sock

Laundry

0.45mi

Community Laundry

Laundry

0.45mi

Elizabeth Peabody House

Childcare

0.46mi

Citizens Bank

Bank

0.44mi

Rockland Trust

Bank

0.46mi

Salon Villa Francesca

Hairdresser

0.12mi

Styles Hair

Hairdresser

0.2mi

Super Dollar Plus Furniture

Furniture

0.46mi

Broadway Gulf

Convenience

0.3mi

Khoury's State Spa

Convenience

0.36mi

Lucky Corner

Convenience

0.4mi

Speedway

Convenience

0.42mi

Winter Hill Market

Convenience

0.44mi

Reliable Market

Supermarket

0.44mi

Mineirão One Stop Mart Mercado Brasileiro

Supermarket

0.45mi

Pearl St @ McGrath Hwy

80

0.1mi

Cross St @ Flint St

90

0.1mi

Pearl St @ McGrath Hwy

80

0.1mi

Cross St @ Fountain Ave

80
90

0.11mi

Medford St @ Highland Ave

88
90

0.11mi

Highland Ave @ Medford St

88
90

0.11mi

Cross St @ Auburn Ave

90

0.11mi

Pearl St @ Wesley St

80

0.12mi

Seller's Representative: Alexander Jafry, Sterling Beacon Hill
MLS ID#: 73410300

© 2025 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 2025-09-12 03:05:00

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