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3 Lee Street, Somerville MA 02145

$1,850,000

Estimated $4,567/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $308,333.33

Total Rent: 113760/year

Estimated CAP Rate:

6 Bedrooms

Baths

3425

Total Parking: 2

3,000 (0.07)

This distinctive building offers strong curb appeal and undeniable character. Located on a tree-lined street, the property features six 1-bedroom, 1-bath units, making it an ideal addition to any investor’s portfolio. Front and back porches enhance tenant appeal. The building is equipped with central heat and hot water, providing efficiency and convenience. Paved driveway. Situated in a prime locale, this property offers easy access to the Gilman Square MBTA Green Line Station, connecting to Cambridge, Boston, and beyond. Close proximity to shops, dining, and entertainment. Current lease agreements in place through May 31, 2027.

This home has been viewed 5 times

Last Checked: July 5th, 2026 at 4:48am (Source: MLS PIN #73496734)

Gross Income: $113,760

Gross Expenses: $34,320

Net Income Calc: $79,440

Water Views

Annual Expenses for 3 Lee Street, Somerville MA 02145

Total Gross Expenses (Calculated)$34,320/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax18801.73

Annual Income & Unit Breakdown for 3 Lee Street, Somerville MA 02145

Total Gross Income (Calculated)$113,760

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 3 Lee Street, Somerville MA 02145

Listing ID73496734

Property TypeMulti Family / 5+ Family

Price1850000 ($540.15/SqFt)

Style5-9 Family

CitySomerville

CountyMiddlesex

MLS AreaWinter Hill

Neighborhood(s)

Approximate Living Area Total3425

Approximate Lot Size (Acres)0.07

Total Parking2

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

Zoningres

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 3 Lee Street, Somerville MA 02145

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 3 Lee Street, Somerville MA 02145

Real Estate Taxes18801.73

Tax Year2026

Assessed Value$1,665,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 3 Lee Street, Somerville MA 02145

Neighborhood(s)

MLS AreaWinter Hill

Area AmenitiesWalk/jog Trails

Contact Information for 3 Lee Street, Somerville MA 02145

Agent

Name: Maggie Dee + Charles Cherney Team

Office

Name: Compass

Phone: 617-303-0067

Payment Calculator

, Interest

Property Taxes 1566.81

Principal & Interest 11399.11

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Maggie Dee + Charles Cherney Team

Agent Phone

Office Phone

(617) 303-0067

Text Agent Call Agent Call Office

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EXIT

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Active

3 Lee Street, Somerville MA 02145

$1,850,000

Annual Expenses for 3 Lee Street, Somerville MA 02145

Annual Income & Unit Breakdown for 3 Lee Street, Somerville MA 02145

General Information for 3 Lee Street, Somerville MA 02145

Disclosures for 3 Lee Street, Somerville MA 02145

Financial Information for 3 Lee Street, Somerville MA 02145

Location Information for 3 Lee Street, Somerville MA 02145

Contact Information for 3 Lee Street, Somerville MA 02145

Agent

Office

Payment Calculator

Exclusive Listing Agent

Compass

Maggie Dee + Charles Cherney Team