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Canceled

47 Wallace Street, Somerville MA 02144

$3,850,000

Estimated $7,910.09/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,925,000

Total Rent: 156000/year

Estimated CAP Rate: 3.53%

6 Bedrooms

7 Full, 2 Half Baths

4,628 SqFt

Total Parking: 6

4,223 SqFt

Rare opportunity in Davis Square to own a two family home located on a lovely tree lined street. Each unit is filled with natural light and has 3 bedrooms | up to 4.5 baths | hardwood floors | tiled basements | off- street parking. The units have open-concept living and dining rooms with high ceilings, gourmet kitchens with peninsula/island, granite countertops, and stainless steel appliances. Primary bedroom suite's with 4 piece en-suite bath and custom built closet. The lower level offers opportunity for flexible uses with private full bath and generous space. The units are equipped with washer and dryer and central air-conditioning. Unit 2 has a 3rd floor roof deck. Nearby red line provides quick access to Harvard/Central Squares. Please see firm remarks and disclosures regarding occupancy and leases.

This home has been viewed 91 times

Last Checked: June 24th, 2025 at 4:31am (Source: MLS PIN #73329571)

Gross Income: $156,000

Gross Expenses: $20,008

Net Income Calc: $135,992

CAP Rate: 3.53%

Annual Expenses for 47 Wallace Street, Somerville MA 02144

Total Gross Expenses (Calculated)$20,008/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$20,008

Annual Income & Unit Breakdown for 47 Wallace Street, Somerville MA 02144

Total Gross Income (Calculated)$156,000

Unit 1

Rental Income$6,500

LeaseY

Bedrooms3

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$6,500

LeaseY

Bedrooms3

Bathrooms4 Full, 1 Half

Floor1

Levels in Unit4

HeatingNo

Rent Includes

General Information for 47 Wallace Street, Somerville MA 02144

Listing ID73329571

Property TypeMulti Family / 2 Family

Price$3,850,000 ($831.89/SqFt)

Style2 Family - 2 Units Side By Side

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,628 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor SpaceDeck - Roof

ZoningRA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesScreens, Insulated Windows

Terms

Disclosures for 47 Wallace Street, Somerville MA 02144

Lead Paint

UFFI

Living Area Includes BasementYes

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$156,000

Total Net Income By Broker$156,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 47 Wallace Street, Somerville MA 02144

Real Estate Taxes$20,008

Tax Year2025

Assessed Value$1,833,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$156,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$156,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.53%

Location Information for 47 Wallace Street, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool, Tennis Court(s), University, Sidewalks

Contact Information for 47 Wallace Street, Somerville MA 02144

Agent

Name: Andrea Jackson

Office

Name: Barrett Sotheby's International Realty

Phone: 781-862-1700

Payment Calculator

, Interest

Property Taxes 1667.33

Principal & Interest 23722.48

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Barrett Sotheby's International Realty

Andrea Jackson

Agent Phone

Office Phone

(781) 862-1700

Text Agent Call Agent Call Office

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                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329571&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2025-06-24 04:32:02
                    [modified] => 2025-06-24 04:32:02
                )

[20] => Array
                (
                    [id] => 119108920
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329571&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2025-06-24 04:32:02
                    [modified] => 2025-06-24 04:32:02
                )

)

)

EXIT