34 Summer St - Apartments FOR SALE


Somerville, MA 02143- Prospect Hill Somerville
$1,595,000 USD
617-821-5889
34 Summer St, Somerville, MA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/2
null | 6.79% Cap Rate

34 Summer St
Somerville, MA 02143
Prospect Hill Somerville


HIGHLIGHTS

  • Two-family property featuring two updated units with a combined total of eight bedrooms and three bathrooms.
  • Positioned near Union Square and Bow Market with access to Green Line, shopping, and dining destinations.
  • Strong income potential with both units leased, currently producing $9,020 in total monthly rental income.
  • Features include hardwood floors, modernized kitchens, and an abundance of natural light throughout.
  • Off-street parking for three vehicles and close proximity to key commuter routes and universities.
  • Ideal investment or live-plus-income option in a highly walkable, transit-rich neighborhood.

OVERVIEW

Prime Turnkey Two-Family on Summer St, steps From Bow Market and Union Square. Impeccably maintained and perfectly positioned, this property offers two spacious units with modern updates, and solid rental history. Both units offer an abundance of natural light, with hardwood floors, and renovated kitchens. Unit 1 (first floor + lower level) is currently used as a 3 bed/2 bath with 1128 sqft on the main level and 764 sqft on the lower level. Unit 2 (second and third floors) is currently used as a 5 bed/1 bath with 1110 sqft on the second floor and 339 sqft on the third. Strong rental income: $9,020/month (Unit 1: $4,200 | Unit 2: $4,820). Three tandem parking spaces for use by Unit 1 tenants. Whether you’re seeking a turnkey investment with an attractive cashflow, or envision living in one unit while renting the other, this property offers different possibilities for a discerning investor in Somerville’s vibrant Union Square.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$477 USD /SF

# OF UNITS

2

PRICE/UNIT

$797,500

CAP RATE

6.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RB

APN/PARCEL ID

SOME-000063-C000000-000002

ASK ABOUT THIS PROPERTY

Nathan LongColdwell BankerMore Info
617-821-5889

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Nathan LongColdwell BankerMore Info
617-821-5889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.