Rare 4-family Mansard in Spring Hill, the historic Robinson-Bird house built in 1852, lots of character, income producing, 4 parking spaces (6 if move shed) on 8,276 sf lot, one of the largest multi-family lots on the market. This well-maintained multi-family has been lovin...
This home has been viewed 49 times
Last Checked: June 28th, 2025 at 8:48am (Source: MLS PIN #73393600)
Gross Income: $56,400
Gross Expenses: $17,525
Net Income Calc: $38,875
CAP Rate: 2.10%
Annual Expenses for 38 Spring Street, Somerville MA 02143
Total Gross Expenses (Calculated)$17,525/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$17,525.60
Annual Income & Unit Breakdown for 38 Spring Street, Somerville MA 02143
Total Gross Income (Calculated)$56,400
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit1
HeatingYes
Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water, Unit 4(water
Unit 2
Rental Income$2,150
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water, Unit 4(water
Unit 3
Rental Income$600
Lease
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water, Unit 4(water
Unit 4
Rental Income$1,950
Lease
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesHot Water), Unit 1(water, Unit 2(water, Unit 3(water, Unit 4(water
General Information for 38 Spring Street, Somerville MA 02143
Listing ID73393600
Property TypeMulti Family / 4 Family
Price$1,850,000 ($467.76/SqFt)
Style4 Family - 4 Units Up/down
CitySomerville
CountyMiddlesex
MLS AreaSpring Hill
Neighborhood(s)
Approximate Living Area Total3,955 SqFt
Approximate Lot Size (Acres)0.19 acres
Total Parking4
Garage Parking
Year Built1852
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual,Certified Historic,Renovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpacePatio, Porch
ZoningNR
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesBox/Bay/Bow Window(s), Screens, Picture Window
Terms
Disclosures for 38 Spring Street, Somerville MA 02143
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceMeasured
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$56,400
Total Net Income By Broker$56,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 38 Spring Street, Somerville MA 02143
Real Estate Taxes$17,525.60
Tax Year2025
Assessed Value$1,605,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$56,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$56,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.10%
Location Information for 38 Spring Street, Somerville MA 02143
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaSpring Hill
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Laundromat, Bike Path, Public Transportation, Sidewalks
Contact Information for 38 Spring Street, Somerville MA 02143