Exceptional opportunity to own a well-priced 2 family home in a prime location. Ideally situated just a 10-minute walk from both vibrant Porter Sq and Davis Sq, this charming multi family offers convenient access to an array of shops, restaurants, and local services including both Red Line T stations.Tucked away on a quiet dead-end street, the property features a spacious 3-car driveway. Each unit offers eat-in kitchens with gas cooking, and both are equipped with central air and high-efficiency HVAC systems. Unit 2 boasts an open floor plan, hardwood floors, beautiful coffered ceilings, and a large private rooftop deck—perfect for entertaining or relaxing outdoors. Additiional highlights include maintenance-free siding, separate utilities, laundry in basement, private office space in Unit 1. Don’t miss this rare opportunity to invest or live in one of the most desirable areas in the city. Unit 1 delivered vacant.
This home has been viewed 113 times
Last Checked: October 13th, 2025 at 7:08am (Source: MLS PIN #73399969)
Gross Income: $28,800
Gross Expenses: $9,370
Net Income Calc: $19,430
CAP Rate: 2.05%
Annual Expenses for 3 Fairlee Street, Somerville MA 02144
Total Gross Expenses (Calculated)$9,370/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,370
Annual Income & Unit Breakdown for 3 Fairlee Street, Somerville MA 02144
Total Gross Income (Calculated)$28,800
Unit 1
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,400
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 3 Fairlee Street, Somerville MA 02144
Listing ID73399969
Property TypeMulti Family
Price$950,000 ($462.06/SqFt)
StyleMulti Family
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,056 SqFt
Approximate Lot Size (Acres)0.05 acres
Total Parking3
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesOther
Foundation Area
Foundation DescriptionBrick/Mortar,Other
Accessible Features
Outdoor SpaceDeck - Roof
Zoningres
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 3 Fairlee Street, Somerville MA 02144
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$28,800
Total Net Income By Broker$28,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 3 Fairlee Street, Somerville MA 02144
Real Estate Taxes$9,370
Tax Year2025
Assessed Value$858,800
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$28,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$28,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.05%
Location Information for 3 Fairlee Street, Somerville MA 02144
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Medical Facility, Bike Path, Public Transportation, T-station, University
Contact Information for 3 Fairlee Street, Somerville MA 02144