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237 Highland Ave, Somerville MA 02143

$2,475,000

Estimated $5,061/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $412,500

Total Rent: 130200/year

Estimated CAP Rate:

6 Bedrooms

Baths

6020

Total Parking: 0

3,333 (0.08)

Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods. Group showings and OH Only. Thurs June 18: 12-1pm, Fri June 19: 12-1pm, OH Sat June 20: 12-1:30pm, Sun June 21: 12-1:30pm.

This home has been viewed 3 times

Last Checked: June 20th, 2026 at 4:38pm (Source: MLS PIN #73536580)

Gross Income: $130,200

Gross Expenses: $39,282

Net Income Calc: $90,918

Annual Expenses for 237 Highland Ave, Somerville MA 02143

Total Gross Expenses (Calculated)$39,282/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax12575

Annual Income & Unit Breakdown for 237 Highland Ave, Somerville MA 02143

Total Gross Income (Calculated)$130,200

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms0

Bathrooms1 Full

Floor3

Levels in Unit0

Rent Includes

General Information for 237 Highland Ave, Somerville MA 02143

Listing ID73536580

Property TypeMulti Family / 5+ Family

Price2475000 ($411.13/SqFt)

Style5-9 Family

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total6020

Approximate Lot Size (Acres)0.08

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningMR3

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 237 Highland Ave, Somerville MA 02143

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 237 Highland Ave, Somerville MA 02143

Real Estate Taxes12575

Tax Year2026

Assessed Value$1,145,280

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 237 Highland Ave, Somerville MA 02143

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 237 Highland Ave, Somerville MA 02143

Agent

Name: Shane Marrion

Office

Name: Benoit Real Estate Group ,LLC

Phone: 617-764-5590

Team Members

Payment Calculator

, Interest

Property Taxes 1047.92

Principal & Interest 15250.16

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Benoit Real Estate Group ,LLC

Shane Marrion

Agent Phone

Office Phone

(617) 764-5590

Text Agent Call Agent Call Office

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    [unparsed] => 237 Highland Ave, Somerville MA 02143
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EXIT

20 More Photos

Active

237 Highland Ave, Somerville MA 02143

$2,475,000

Annual Expenses for 237 Highland Ave, Somerville MA 02143

Annual Income & Unit Breakdown for 237 Highland Ave, Somerville MA 02143

General Information for 237 Highland Ave, Somerville MA 02143

Disclosures for 237 Highland Ave, Somerville MA 02143

Financial Information for 237 Highland Ave, Somerville MA 02143

Location Information for 237 Highland Ave, Somerville MA 02143

Contact Information for 237 Highland Ave, Somerville MA 02143

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Benoit Real Estate Group ,LLC

Shane Marrion