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You are here:
$2,100,000
3 Unit
8 Beds
5 Baths
4628 SQFT
0.13 Acre
15 Albion
Somerville, MA 02143

Property Description

Fully Leased 3-Unit Investment Property - $11,100 Monthly Rental Income! Discover an exceptional turnkey investment opportunity in the heart of Somerville. 15 Albion Street is a well-maintained three-family property generating a $133,200 annually. Each unit is fully leased with strong tenant history and parking for up to 5 cars. Each apartment offers private washer/dryers and is separately metered for gas and electricity, minimizing owner expenses and simplifying management. The property is ideally situated right along the Somerville Community Path, a scenic bike & walking trail connecting Davis Square to the new Green Line Extension, offering tenants easy access to public transportation and vibrant neighborhood amenities. Residents enjoy the luxury of 3 individual outdoor spaces and a perfect blend of urban convenience and outdoor lifestyle—just minutes to Davis Square, Porter Square, and Tufts University, as well as quick access to I-93 and Boston.

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 5
  • Common Rooms: Living Room

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 133200
  • Gross Expenses: 8028
  • Electric Expenses: 564
  • Water/Sewer: 3000
  • INSC: 4464
  • Net Operating Income: 133200

Utilities

  • Heat Zones: 3
  • 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: 2
  • Levels: 2

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73449226
  • Last Updated: 11/06/25

Date Event Price Price/Sq Ft Source
11/02/2025Active$2,100,000$454MLSPIN
10/29/2025New$2,100,000$454MLSPIN

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Map & Resources

The Learning Circle

Grades: PK-K

0.13mi

Summer Street Preschool

Grades: PK-K

0.36mi

Cummings School

School

0.38mi

Northeastern Junior High School

Grades: 7-9

0.38mi

St. Theresa of the Child Jesus School

Private School, Grades: PK-8

0.39mi

Next Wave Junior High School

Public Middle School, Grades: 6-8

0.42mi

Full Circle High School

Public Secondary School, Grades: 9-12

0.42mi

Somerville High School

Public Secondary School, Grades: 9-12

0.42mi

Armory Cafe

Cafe

0.19mi

Zaruma Gold

Cafe

0.24mi

Dunkin'

Donut & Coffee Shop

0.14mi

Tipping Cow

Ice Cream Parlor

0.18mi

Highland Kitchen

Regional Restaurant

0.14mi

Sam's Falafel

Mediterranean Restaurant

0.26mi

Lemon Thai

Thai Restaurant

0.26mi

Dumpling Kitchen

Chinese Restaurant

0.27mi

Zen Dog Training

Pet Grooming

0.46mi

Somerville Fire Department Engine 7

Fire Station

0.44mi

Reilly-Brickley Central Fire Station

Fire Station

0.56mi

Somerville Fire Department

Fire Station

0.59mi

Somerville Hospital

Hospital

0.32mi

Somerville Historical Museum

Museum

0.25mi

The Armory

Arts Centre

0.17mi

Somerville Junction Park

Park

0.01mi

Hoyt Sullivan Playground

Municipal Park

0.04mi

Community Path

Municipal Park

0.21mi

Albion Park

Municipal Park

0.28mi

Central Hill Memorial Park

Municipal Park

0.28mi

Bailey Park

Municipal Park

0.35mi

Henry Hanson Park

Park

0.36mi

Gilman Square

Park

0.36mi

Marshall Street Playground

Playground

0.42mi

Cummings School Library

Library

0.36mi

Carr Health Sciences Library

Library

0.4mi

Natacha Beauty Salon

Hairdresser

0.18mi

Hair at Little Hollow Salon

Hairdresser

0.27mi

Salon 22

Hairdresser

0.43mi

Aicha African Hair Braiding

Hairdresser

0.46mi

Mobil

Gas Station

0.29mi

Medford Street Laundromat

Laundry

0.19mi

Get-N-Go

Convenience

0.14mi

Bostonian Convenience II

Convenience

0.17mi

Sky Braz

Convenience

0.18mi

Odds & Ends Thrift Shop

Variety Store

0.44mi

Highland Ave @ Central St

88
90

0.13mi

Highland Ave @ Central St

88
90

0.13mi

Highland Ave @ Benton Rd

88
90

0.15mi

Highland Ave @ Benton Rd

88
90

0.17mi

Medford St @ Sycamore St

80

0.18mi

Medford St @ Sycamore St

80

0.18mi

125 Highland Ave

88
90

0.19mi

Highland Ave @ Trull Ln

88
90

0.19mi

Seller's Representative: Alexander Jafry, Sterling Beacon Hill
MLS ID#: 73449226

© 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 2025-11-06 13:34:00

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