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You are here:
$1,900,000
3 Unit
6 Beds
3 Baths
3386 SQFT
0.23 Acre
23 Ossipee
Somerville, MA 02144

Property Description

Welcome to 23 Ossipee Rd, a well-maintained three-unit multi-family property ideally located a stones throw away from Tufts University. This turnkey investment currently generates $10,000 per month in rental income, with rent increases already signed for as early as June 1 2026, making it a strong addition to any portfolio - or an excellent opportunity for an owner-occupant looking to offset living costs with steady rental income. The property consists of two spacious 1-bedroom units and one large 4-bedroom unit, each offering in-unit laundry and well-kept interiors. Tenants enjoy multiple outdoor decks/spaces, bright natural light, and comfortable layouts that make the building easy to rent and manage.Outside, the property features off-street parking for up to three cars, a valuable asset in this sought-after Somerville neighborhood. With its strong rental history, stable income stream, 23 Ossipee Rd presents a rare blend of convenience, location, and financial upside.

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 6
  • Total Full Baths: 3

Financial

  • APOD Available: Yes
  • Gross Operating Income: 120000
  • Gross Expenses: 12766
  • GSE: 3800
  • Electric Expenses: 200
  • Water/Sewer: 3000
  • INSC: 5766
  • Net Operating Income: 107234

Utilities

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

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73454781
  • Last Updated: 11/17/25

Date Event Price Price/Sq Ft Source
11/17/2025Active$1,900,000$561MLSPIN
11/13/2025New$1,900,000$561MLSPIN

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View Breakdown

Map & Resources

Tufts University

University

0.02mi

Tufts Educational Day Care Center

Special Education, Grades: PK-K

0.24mi

West Somerville Neighborhood School

Public Elementary School, Grades: PK-8

0.29mi

Lonin-Dame School

School

0.32mi

St Clement School

Private School, Grades: 7 - 12

0.37mi

Resources for Human Development School

Private School

0.39mi

St Clement Elementary

Private School, Grades: PK-6

0.44mi

Shirley

Sandwich (Cafe). Offers: Vegan, Vegetarian

0.43mi

Life Alive Organic Café

Cafe. Offers: Vegan

0.43mi

Nine Bar Espresso

Coffee Shop

0.44mi

J.P. Licks

Ice Cream Parlor. Offers: Vegan, Dairy Free, Gluten Free

0.46mi

Masala

Indian Restaurant

0.25mi

Magnificent Muffin & Bagels

Bagel Restaurant

0.25mi

FoodDy's Kitchen

Restaurant

0.26mi

Istanbul'lu

Turkish Restaurant

0.26mi

Somerville Fire Department

Fire Station

0.27mi

Tufts University Police Department

Police

0.4mi

Balch Arena Theater

Theatre

0.15mi

Remis Sculpture Gallery

Gallery

0.18mi

Shirley and Alex Aidekman Arts Center

Arts Centre

0.12mi

Cohen Arts Center

Arts Centre

0.15mi

Granoff Music Center

Arts Centre

0.17mi

Soul Train

Fitness Centre

0.32mi

Tufts University Tennis Courts

Sports Centre. Sports: Basketball, Tennis

0.08mi

Jackson Gymnasium

Sports Centre

0.12mi

Zimman Field

Sports Centre. Sports: Athletics, American Football

0.14mi

Kraft Field

Sports Centre. Sports: Soccer

0.18mi

Voute Tennis Courts

Sports Centre. Sports: Tennis

0.23mi

Alumni Field

Sports Centre. Sports: Baseball

0.42mi

Hodgkins-Curtin Park

Municipal Park

0.27mi

Powderhouse Square

Municipal Park

0.3mi

Powder House Park

Municipal Park

0.32mi

Matignon High School Althetic Field

Park

0.37mi

Somerville Community Path

Municipal Park

0.43mi

Seven Hills Park

Municipal Park

0.45mi

Tot Lot

Playground

0.07mi

West Somerville Dental Associates

Dentist

0.29mi

Davis Square Dental

Dentist

0.4mi

The Braces Place

Orthodontics

0.42mi

Tisch Library

Library

0.22mi

Edwin Ginn Library

Library

0.29mi

Somerville Library West Branch

Library

0.37mi

Teele Square Coin-Op Laundry

Laundry

0.26mi

Middlesex Federal

Bank

0.34mi

Metamorphosis

Furniture

0.34mi

Neighborhood Market

Convenience

0.29mi

PK's Convenience

Convenience

0.34mi

7-Eleven

Convenience

0.45mi

Broadway @ Mason St

89
8993

0.14mi

Broadway @ Simpson Ave

89
8993

0.15mi

Broadway @ Packard Ave

89
8993

0.17mi

Broadway @ Leonard St

89
8993

0.18mi

Broadway opp Packard Ave

89
8993

0.19mi

Broadway @ Billingham St

89
8993

0.24mi

College Ave @ Dearborn Rd

80
94
96

0.26mi

College Ave @ Professors Row

80
94
96

0.27mi

Seller's Representative: Alexander Jafry, Sterling Beacon Hill
MLS ID#: 73454781

© 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 2025-11-17 03:05:00