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Active

55 Elm St, Somerville MA 02144

$3,900,000

Estimated $7,731/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $1,300,000

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

2426

Total Parking: 2

4,043 (0.09)

Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.

This home has been viewed 11 times

Last Checked: June 20th, 2026 at 5:03am (Source: MLS PIN #73536182)

Gross Income: $0

Gross Expenses: $16,881

Net Income Calc: $16,881

Water Views

Annual Expenses for 55 Elm St, Somerville MA 02144

Total Gross Expenses (Calculated)$16,881/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax16881.04

Annual Income & Unit Breakdown for 55 Elm St, Somerville MA 02144

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 55 Elm St, Somerville MA 02144

Listing ID73536182

Property TypeMulti Family / 3 Family

Price3900000 ($1607.58/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2426

Approximate Lot Size (Acres)0.09

Total Parking2

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningNR

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 55 Elm St, Somerville MA 02144

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTree House

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 55 Elm St, Somerville MA 02144

Real Estate Taxes16881.04

Tax Year2025

Assessed Value$1,547,300

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 55 Elm St, Somerville MA 02144

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 55 Elm St, Somerville MA 02144

Agent

Name: David Lilley

Office

Name: RE/MAX Real Estate Center

Phone: 617-576-3800

Payment Calculator

, Interest

Property Taxes 1406.75

Principal & Interest 24030.56

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Real Estate Center

David Lilley

Agent Phone

Office Phone

(617) 576-3800

Text Agent Call Agent Call Office

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    [unparsed] => 55 Elm St, Somerville MA 02144
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EXIT

38 More Photos

Active

55 Elm St, Somerville MA 02144

$3,900,000

Annual Expenses for 55 Elm St, Somerville MA 02144

Annual Income & Unit Breakdown for 55 Elm St, Somerville MA 02144

General Information for 55 Elm St, Somerville MA 02144

Disclosures for 55 Elm St, Somerville MA 02144

Financial Information for 55 Elm St, Somerville MA 02144

Location Information for 55 Elm St, Somerville MA 02144

Contact Information for 55 Elm St, Somerville MA 02144

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Real Estate Center

David Lilley