Overview Property Details Payment Calculator Walkability

Active

54-82 Mount Vernon Street, Somerville MA 02145

$9,200,000

Estimated $14,918.51/month Calculator

Multi Family

Total Units: 23

Price Per Unit: $400,000

Total Rent: 239976/year

Estimated CAP Rate: 2.61%

23 Bedrooms

23 Full Baths

14,328 SqFt

Total Parking: 0

13,068 SqFt

Presenting The Mount Vernon Collection (54-60 and 80-82 Mount Vernon Street), a 23-unit, project-based Section 8, apartment portfolio located in Somerville, Massachusetts. The portfolio is comprised of two (2) beautiful brick buildings, 54-60 and 80-82 Mount Vernon Street. S...

This home has been viewed 67 times

Last Checked: June 16th, 2025 at 4:03pm (Source: MLS PIN #73343255)

Gross Income: $239,976

Gross Expenses: $9

Net Income Calc: $239,967

CAP Rate: 2.61%

Annual Expenses for 54-82 Mount Vernon Street, Somerville MA 02145

Total Gross Expenses (Calculated)$9/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9

Annual Income & Unit Breakdown for 54-82 Mount Vernon Street, Somerville MA 02145

Total Gross Income (Calculated)$239,976

Unit 1

Rental Income$9,999

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$9,999

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 54-82 Mount Vernon Street, Somerville MA 02145

Listing ID73343255

Property TypeMulti Family

Price$9,200,000 ($642.1/SqFt)

Style5+ Family - 5+ Units Up/down

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total14,328 SqFt

Approximate Lot Size (Acres)0.3 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesOther

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

Zoning99

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 54-82 Mount Vernon Street, Somerville MA 02145

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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 54-82 Mount Vernon Street, Somerville MA 02145

Real Estate Taxes$9

Tax Year2024

Assessed Value$99

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.61%

Location Information for 54-82 Mount Vernon Street, Somerville MA 02145

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 54-82 Mount Vernon Street, Somerville MA 02145

Agent

Name: Christopher Sower

MLS ID: CT003909

Office ID: AN6656

Address: 19 Ridge Hill Farm Road

City: Wellesley

State: MA

Zip: 02482

Office

Name: Cushman & Wakefield

MLS Office ID: AN6656

Phone: 617-204-4134

Payment Calculator

$56,688.22 per month

30 Years Fixed, 6.75% Interest

Property Taxes $0.75

Principal & Interest $56,687.47

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cushman & Wakefield

Christopher Sower

Agent Phone

Office Phone

(617) 204-4134

Text Agent Call Agent Call Office

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EXIT

Active

54-82 Mount Vernon Street, Somerville MA 02145

$9,200,000

Annual Expenses for 54-82 Mount Vernon Street, Somerville MA 02145

Annual Income & Unit Breakdown for 54-82 Mount Vernon Street, Somerville MA 02145

General Information for 54-82 Mount Vernon Street, Somerville MA 02145

Disclosures for 54-82 Mount Vernon Street, Somerville MA 02145

Financial Information for 54-82 Mount Vernon Street, Somerville MA 02145

Location Information for 54-82 Mount Vernon Street, Somerville MA 02145

Contact Information for 54-82 Mount Vernon Street, Somerville MA 02145

Agent

Office

Payment Calculator

Exclusive Listing Agent

Cushman & Wakefield

Christopher Sower