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Canceled

241 Highland Ave, Somerville MA 02143

$1,900,000

Estimated $3,821/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $475,000

Total Rent: 97800/year

Estimated CAP Rate:

6 Bedrooms

Baths

4247

Total Parking: 0

3,236 (0.07)

Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.

This home has been viewed 6 times

Last Checked: June 23rd, 2026 at 4:29am (Source: MLS PIN #73513408)

Gross Income: $97,800

Gross Expenses: $8,884

Net Income Calc: $88,916

Annual Expenses for 241 Highland Ave, Somerville MA 02143

Total Gross Expenses (Calculated)$8,884/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8884.01

Annual Income & Unit Breakdown for 241 Highland Ave, Somerville MA 02143

Total Gross Income (Calculated)$97,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor4

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bathrooms1 Full

Floor1

Rent IncludesHeat

General Information for 241 Highland Ave, Somerville MA 02143

Listing ID73513408

Property TypeMulti Family / 3 Family

Price1900000 ($447.37/SqFt)

Style3 Family - 3 Units Up/down

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total4247

Approximate Lot Size (Acres)0.07

Total Parking0

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

ZoningRC

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 241 Highland Ave, Somerville MA 02143

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsFireplace Mantel In Living Room Is Excluded.

Financial Data Source

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 241 Highland Ave, Somerville MA 02143

Real Estate Taxes8884.01

Tax Year2025

Assessed Value$814,300

Financial Data Source

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 241 Highland Ave, Somerville MA 02143

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 241 Highland Ave, Somerville MA 02143

Agent

Name: The Boston ONE Team

Office

Name: Serhant

Phone: 617-250-0559

Team Members

Payment Calculator

, Interest

Property Taxes 740.33

Principal & Interest 11707.2

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Serhant

The Boston ONE Team

Agent Phone

Office Phone

(617) 250-0559

Text Agent Call Agent Call Office

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    [unparsed] => 241 Highland Ave, Somerville MA 02143
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EXIT

39 More Photos

Canceled

241 Highland Ave, Somerville MA 02143

$1,900,000

Annual Expenses for 241 Highland Ave, Somerville MA 02143

Annual Income & Unit Breakdown for 241 Highland Ave, Somerville MA 02143

General Information for 241 Highland Ave, Somerville MA 02143

Disclosures for 241 Highland Ave, Somerville MA 02143

Financial Information for 241 Highland Ave, Somerville MA 02143

Location Information for 241 Highland Ave, Somerville MA 02143

Contact Information for 241 Highland Ave, Somerville MA 02143

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Serhant

The Boston ONE Team