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23 Ossipee, Somerville MA 02144

$1,900,000

Estimated $4,641.08/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $633,333.33

Total Rent: 120000/year

Estimated CAP Rate: 4.66%

6 Bedrooms

3 Full Baths

3,386 SqFt

Total Parking: 3

9,999 SqFt

Welcome to 23 Ossipee Rd, a well-maintained three-unit multi-family property ideally located a stones throw away from Tufts University. This turnkey investment currently generates $10,000 per month in rental income, with rent increases already signed for as early as June 1 2026, making it a strong addition to any portfolio - or an excellent opportunity for an owner-occupant looking to offset living costs with steady rental income. The property consists of two spacious 1-bedroom units and one large 4-bedroom unit, each offering in-unit laundry and well-kept interiors. Tenants enjoy multiple outdoor decks/spaces, bright natural light, and comfortable layouts that make the building easy to rent and manage.Outside, the property features off-street parking for up to three cars, a valuable asset in this sought-after Somerville neighborhood. With its strong rental history, stable income stream, 23 Ossipee Rd presents a rare blend of convenience, location, and financial upside.

This home has been viewed 25 times

Last Checked: November 18th, 2025 at 6:40am (Source: MLS PIN #73454781)

Gross Income: $120,000

Gross Expenses: $31,488

Net Income Calc: $88,512

CAP Rate: 4.66%

Annual Expenses for 23 Ossipee, Somerville MA 02144

Total Gross Expenses (Calculated)$31,488/year

APOD AvailableYes

Heating

Electricity$200

Water$3,000

Gas$3,000

Insurance$5,766

Sewer$3,000

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$18,722.88

Annual Income & Unit Breakdown for 23 Ossipee, Somerville MA 02144

Total Gross Income (Calculated)$120,000

Unit 1

Rental Income$4,400

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$2,750

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,850

Lease

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 23 Ossipee, Somerville MA 02144

Listing ID73454781

Property TypeMulti Family / 3 Family

Price$1,900,000 ($561.13/SqFt)

Style3 Family - 3 Units Up/down

CitySomerville

CountyMiddlesex

MLS AreaTufts University

Neighborhood(s)

Approximate Living Area Total3,386 SqFt

Approximate Lot Size (Acres)0.23 acres

Total Parking3

Garage Parking

Year Built1920

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

ZoningRES

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 23 Ossipee, 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$12,766

Total Gross Income By Broker$120,000

Total Net Income By Broker$107,234

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 23 Ossipee, Somerville MA 02144

Real Estate Taxes$18,722.88

Tax Year2025

Assessed Value$1,651,000

Financial Data Source

Total Gross Expenses By Broker$12,766

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$120,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$107,234

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.66%

Location Information for 23 Ossipee, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaTufts University

Area Amenities

Contact Information for 23 Ossipee, Somerville MA 02144

Agent

Name: Alexander Jafry

Office

Name: Sterling Beacon Hill

Phone: 617-785-6188

Team Members

Name: Lawrence O'Connor

Phone: 617-785-6188

Payment Calculator

, Interest

Property Taxes 1560.24

Principal & Interest 11707.2

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Sterling Beacon Hill

Alexander Jafry

Agent Phone

Office Phone

(617) 785-6188

Text Agent Call Agent Call Office

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EXIT

Active

23 Ossipee, Somerville MA 02144

$1,900,000

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Sterling Beacon Hill

Alexander Jafry