Location! Location! Location! Just steps from the Cambridge line, the bike path, and an easy walk to the Davis Square and the Red Line T Station, this property offers unparalleled convenience. You'll also enjoy quick access to Teele Square, and Mass Ave shops and top-rated restaurants. This well-maintained property features two spacious units, each with 3 bedrooms and 2 baths, gas-forced air heating, in-unit laundry, and a three-car driveway. Unit 2, formerly the owner’s residence, showcases a condo-quality renovation, complete with a stunning granite kitchen, a sky-lit master bedroom suite, a luxurious marble bathroom, deck, and dual-zone heating and central air. The charming backyard with a brick patio offers a perfect space for outdoor relaxation. Unit 2 will be delivered vacant, while Unit 1 is leased through September 1, 2025. Don’t miss this exceptional investment or owner-occupant opportunity in an unbeatable location!
This home has been viewed 12 times
Last Updated: March 29th, 2025 at 5:48am
Gross Income: $36,300
Gross Expenses: $12,186
Net Income Calc: $24,114
CAP Rate: 1.72%
Annual Expenses for 47 Newbury Street, Somerville MA 02144
Total Gross Expenses (Calculated)$12,186/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$12,186
Annual Income & Unit Breakdown for 47 Newbury Street, Somerville MA 02144
Total Gross Income (Calculated)$36,300
Unit 1
Rental Income3025
LeaseY
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income0
LeaseN
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 47 Newbury Street, Somerville MA 02144
Listing ID73346727
Property TypeMulti Family
Price$1,400,000 ($537.22/SqFt)
Style
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,606 SqFt
Approximate Lot Size (Acres)0.09 acres
Total Parking3
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesOther
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
Zoningres
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 47 Newbury Street, Somerville MA 02144
Disclosures for 47 Newbury Street, Somerville MA 02144
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$36,300
Total Net Income By Broker$36,300
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.0%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 47 Newbury Street, Somerville MA 02144
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 47 Newbury Street, Somerville MA 02144