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17 Belmont St, Somerville MA 02143

$1,789,000

Estimated $4,001.68/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $894,500

Total Rent: 106800/year

Estimated CAP Rate: 4.97%

6 Bedrooms

6 Full Baths

2,577 SqFt

Total Parking: 0

2,550 SqFt

Yearly income of $107,000 makes for an excellent investment property for small investors with plenty of room to grow! Very low maintenance in one of the hottest neighborhoods. 8/10th mile from Porter Square and Davis Square. The property was fully renovated in 2022 with high-end finishes from Kohler and Porcelanosa, as well as central air and natural gas forced heat. Tenants pay all utilities except water and sewer. Red or Green line within 1 mile from Union Square, Porter Square or Harvard. Close to Harvard Grad school campuses via pedestrian Walk-way. Stop and Shop, Market Basket and Star Market with dozens of new upscale eateries. Great potential for either an owner occupant or grad student rental, each bedroom having separate baths and common yard out the back.

This home has been viewed 41 times

Last Checked: May 13th, 2025 at 4:27am (Source: MLS PIN #73362095)

Gross Income: $106,800

Gross Expenses: $17,809

Net Income Calc: $88,991

CAP Rate: 4.97%

Annual Expenses for 17 Belmont St, Somerville MA 02143

Total Gross Expenses (Calculated)$17,809/year

APOD AvailableNo

Heating

Electricity$216

Water$1,097

Gas$1,097

Insurance

Sewer$1,097

Trash Removal$600

Repair & Maintenance$2,486

Management

Miscellaneous$200

Real Estate Tax$13,210

Annual Income & Unit Breakdown for 17 Belmont St, Somerville MA 02143

Total Gross Income (Calculated)$106,800

Unit 1

Rental Income$3,400

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$5,500

LeaseY

Bedrooms4

Bathrooms4 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 17 Belmont St, Somerville MA 02143

Listing ID73362095

Property TypeMulti Family

Price$1,789,000 ($694.22/SqFt)

StyleMulti Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,577 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 17 Belmont St, Somerville MA 02143

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$4,599

Total Gross Income By Broker$107,000

Total Net Income By Broker$102,201

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 17 Belmont St, Somerville MA 02143

Real Estate Taxes$13,210

Tax Year2025

Assessed Value$1,210,800

Financial Data Source

Total Gross Expenses By Broker$4,599

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$107,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$102,201

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.97%

Location Information for 17 Belmont St, Somerville MA 02143

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Park, Laundromat, Public Transportation, University

Contact Information for 17 Belmont St, Somerville MA 02143

Agent

Name: Ken Smith

Office

Name: Gibson Sotheby's International Realty

Phone: 617-426-6900

Payment Calculator

, Interest

Property Taxes 1100.83

Principal & Interest 11023.25

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Ken Smith

Agent Phone

Office Phone

(617) 426-6900

Text Agent Call Agent Call Office

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    [description] => Yearly income of $107,000 makes for an excellent investment property for small investors with plenty of room to grow! Very low maintenance in one of the hottest neighborhoods. 8/10th mile from Porter Square and Davis Square.  The property was fully renovated in 2022 with high-end finishes from Kohler and Porcelanosa, as well as central air and natural gas forced heat.  Tenants pay all utilities except water and sewer. Red or Green line within 1 mile from Union Square, Porter Square or Harvard. Close to Harvard Grad school campuses via pedestrian Walk-way. Stop and Shop, Market Basket and Star Market with dozens of new upscale eateries. Great potential for either an owner occupant or grad student rental, each bedroom having separate baths and common yard out the back.
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EXIT