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

47 Dane Street Somerville, MA 02143

66 Days on Boston Pads
32 Photos
$1,850,000
2 Unit
8 Beds
6 Baths
3304 SQFT
0.06 Acre
47 Dane Street
Somerville, MA 02143

Property Description

This renovated two-family is a prime investment opportunity close to Union Square (Green Line T), Inman Square and an easy commute by foot or bike to Harvard (Red Line T). It offers an outstanding opportunity for an investor seeking strong, stable rents with a current annual rent roll of $120,000 through July 2026. Both units offer private entry, stainless steel appliances, separate washer and dryer, as well as many updates - new roof (2025), new exterior siding (2025), floors, windows, trim, boilers, electric, sewer pipes, kitchens and baths, water lines, drywall (2017). Unit #1 - leased for $4,900/mo - 4 bedroom, 3 bath first and lower level unit with a private porch and deck. Unit #2 - leased for $5,100/mo - 4 bedroom, 3 bath upper duplex with a private balcony. Each unit has separate systems. Heating and electricity paid for by tenants. Three parking spaces. Capitalize on the underserved need for rental housing with a turn-key address in a dream location for investors.

Property Overview

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 6
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, University, Walk/Jog Trails
  • Basement Features: Finished, Full, Interior Access, Other (See Remarks)
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Broadband, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 120000
  • Gross Expenses: 21450
  • Water/Sewer: 3500
  • INSC: 2500
  • Net Operating Income: 98550

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73428170
  • Last Updated: 10/16/25
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
09/13/2025Active$1,850,000$560MLSPIN
09/09/2025New$1,850,000$560MLSPIN
03/21/2010Price Change$319,000$130MLSPIN

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Map & Resources

Saint Anthonys School

School

0.15mi

Tree House Academy

Grades: PK-K

0.2mi

Albert F. Argenziano School at Lincoln Park

Public Elementary School, Grades: PK-8

0.3mi

Harvard University

University

0.31mi

Prospect Hill Academy Charter School

Charter School

0.39mi

Cambridge-Ellis School

School

0.4mi

Harvard Divinity School

School

0.44mi

Cummings School

School

0.44mi

Rebel Rebel

Bar

0.32mi

Parlor Sports

Bar

0.42mi

Broadsheet Coffee Roasters

Coffee Shop & Mediterranean (Cafe)

0.22mi

Fortissimo Coffeehouse

Coffee Shop & Brazilian (Cafe)

0.25mi

Union Square Donuts

Donut (Cafe)

0.37mi

Bloc

Cafe

0.39mi

Forge Baking Company

Cafe

0.41mi

Dial-A-Pizza

Pizzeria

0.15mi

Temporary Station 10

Fire Station

0.36mi

Somerville Fire Department

Fire Station

0.47mi

Cambridge Fire Department

Fire Station

0.49mi

Somerville Fire Department

Fire Station

0.61mi

Cambridge Fire Department

Fire Station

0.61mi

Somerville Police Department

Police

0.62mi

Spaulding Hospital Cambridge

Hospital

0.28mi

Cambridge Hospital

Hospital

0.29mi

Deborah Mason Performing Arts Center

Arts Centre

0.41mi

Argenziano Field

Sports Centre. Sports: Soccer

0.27mi

Boston Bouldering Project

Fitness Centre. Sports: Climbing

0.13mi

Commonwealth Crossfit

Fitness Centre. Sports: Crossfit

0.44mi

Esh Circus Arts

Gym. Sports: Gymnastics

0.15mi

Perry Park

Municipal Park

0.04mi

Lincoln Park

Municipal Park

0.19mi

East Conway Park

Municipal Park

0.21mi

Shady Hill Square

Municipal Park

0.22mi

Quincy Street Open Space

Park

0.23mi

Osgood Park

Municipal Park

0.25mi

West Conway Park

Park

0.26mi

Martha Perry Lowe Park

Park

0.27mi

Palmacci Playground

Playground

0.08mi

Duffett Tot Lot

Playground

0.46mi

Kappa Dental Group

Dentist

0.15mi

Somerville Family Dental

Dentist

0.27mi

First Dental

Dentist

0.39mi

Cambridge Health Alliance

Doctor

0.39mi

Lash Line Studios

Hairdresser

0.18mi

Carlos Hair Salon

Hairdresser

0.2mi

Hollywood Nails Design

Nails

0.23mi

Grace Salon

Hair, Digital Perm, Straightening, Men, Women

0.26mi

Odds & Ends Thrift Shop

Variety Store

0.34mi

Loyal Supply Co.

Variety Store

0.39mi

Dollar Tree

Variety Store

0.4mi

Savenor's Market

Convenience

0.22mi

Friendly Market

Convenience

0.36mi

Mid-Nite Convenience

Convenience

0.43mi

Harvard Market

Convenience

0.44mi

Market Basket

Supermarket

0.12mi

Washington St @ Dane St

86

0.09mi

Washington St @ Calvin St

86

0.1mi

Washington St @ Beacon St

86

0.16mi

Somerville Ave opp School St

87

0.17mi

Beacon St @ Washington St

83

0.17mi

Beacon St @ Washington St

83

0.17mi

Somerville Ave opp Loring St

87

0.17mi

Somerville Ave @ Loring St

87

0.17mi

Seller's Representative: Lauren Holleran Team, Gibson Sotheby's International Realty
MLS ID#: 73428170

© 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 2025-10-16 14:56:00