Discover the possibilities at 32 Richardson St, a distinctive 2-family with a versatile third-floor loft on a corner lot in Magoun Square. Nearly 3,000 sq. ft. offers flexibility for investors, multi-generational living, or an owner-occupant. The first floor includes 2 bedrooms, a bright eat-in kitchen with gas cooking, central A/C, and tall ceilings. The second floor mirrors the layout with a modern kitchen, walk-in closet, and mini-splits. A sun-filled loft crowns the home with vaulted ceilings, skylights, and full bath—ideal as a studio, office, or guest suite. Extras include a stone driveway, inviting porch, basement storage, and shared laundry. Steps to the Green Line T, Tufts, shops, dining, and parks, this residence blends historic charm with modern convenience, close to Assembly Row, Davis Square, and easy access to Boston.
This home has been viewed 93 times
Last Checked: November 10th, 2025 at 5:53am (Source: MLS PIN #73375474)
Gross Income: $31,920
Gross Expenses: $9,875
Net Income Calc: $22,045
CAP Rate: 1.92%
Annual Expenses for 32 Richardson St, Somerville MA 02145
Total Gross Expenses (Calculated)$9,875/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,875
Annual Income & Unit Breakdown for 32 Richardson St, Somerville MA 02145
Total Gross Income (Calculated)$31,920
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 2(water)
Unit 2
Rental Income$2,660
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 2(water)
General Information for 32 Richardson St, Somerville MA 02145
Listing ID73375474
Property TypeMulti Family
Price$1,149,999 ($384.36/SqFt)
StyleMulti Family
CitySomerville
CountyMiddlesex
MLS AreaMagoun Square
Neighborhood(s)
Approximate Living Area Total2,992 SqFt
Approximate Lot Size (Acres)0.04 acres
Total Parking2
Garage Parking
Year Built1905
Year Built SourcePublic Records
Year Renovated
Year Built DetailsRenovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
ZoningRB
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 32 Richardson St, Somerville MA 02145
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$34,200
Total Net Income By Broker$34,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnCompensation Offered But Not In Mls
Financial Information for 32 Richardson St, Somerville MA 02145
Real Estate Taxes$9,875
Tax Year2025
Assessed Value$905,100
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$34,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$34,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)1.92%
Location Information for 32 Richardson St, Somerville MA 02145
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaMagoun Square
Area AmenitiesHighway Access, House Of Worship, Shopping, Park, Medical Facility, Public Transportation, T-station, University
Contact Information for 32 Richardson St, Somerville MA 02145