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157 Elm Street, Somerville MA 02144

$1,695,000

Estimated $4,179/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $565,000

Total Rent: 24000/year

Estimated CAP Rate:

6 Bedrooms

Baths

2719

Total Parking: 4

4,155 (0.10)

Exceptional investment opportunity in the heart of Davis Square. This rare corner three-family property offers abundant parking and endless potential for investors, owner-occupants, or developers. Unit 1 features two bedrooms plus a den and sits above street level, providing added privacy and natural light. Unit 2 offers three spacious bedrooms, while Unit 3 includes one bedroom plus additional unfinished space with potential to expand the living area. The building's desirable southern exposure and numerous windows fill each unit with sunlight throughout the day. A partially finished basement with generous ceiling height presents additional possibilities for expansion or future improvements. Ideally located just a five-minute walk to Porter Square Station, Star Market, and the vibrant restaurants, cafés, and shops of both Porter and Davis Squares. A unique opportunity in one of Somerville's most sought-after neighborhood. Offers are due on Tuesday June 30th at 12pm

This home has been viewed 3 times

Last Checked: June 24th, 2026 at 8:23pm (Source: MLS PIN #73540783)

Gross Income: $24,000

Gross Expenses: $17,164

Net Income Calc: $6,836

Annual Expenses for 157 Elm Street, Somerville MA 02144

Total Gross Expenses (Calculated)$17,164/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax17164

Annual Income & Unit Breakdown for 157 Elm Street, Somerville MA 02144

Total Gross Income (Calculated)$24,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

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 157 Elm Street, Somerville MA 02144

Listing ID73540783

Property TypeMulti Family / 3 Family

Price1695000 ($623.39/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS AreaDavis Square

Neighborhood(s)

Approximate Living Area Total2719

Approximate Lot Size (Acres)0.1

Total Parking4

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRes

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 157 Elm Street, Somerville MA 02144

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

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 157 Elm Street, Somerville MA 02144

Real Estate Taxes17164

Tax Year2026

Assessed Value$1,563,200

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 157 Elm Street, Somerville MA 02144

Neighborhood(s)

MLS AreaDavis Square

Area AmenitiesWalk/jog Trails

Contact Information for 157 Elm Street, Somerville MA 02144

Agent

Name: Iliyan Padinkov

Office

Name: Coldwell Banker Realty - Boston

Phone: 617-266-4430

Payment Calculator

, Interest

Property Taxes 1430.33

Principal & Interest 10444.05

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Boston

Iliyan Padinkov

Agent Phone

Office Phone

(617) 266-4430

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Active

157 Elm Street, Somerville MA 02144

$1,695,000

Annual Expenses for 157 Elm Street, Somerville MA 02144

Annual Income & Unit Breakdown for 157 Elm Street, Somerville MA 02144

General Information for 157 Elm Street, Somerville MA 02144

Disclosures for 157 Elm Street, Somerville MA 02144

Financial Information for 157 Elm Street, Somerville MA 02144

Location Information for 157 Elm Street, Somerville MA 02144

Contact Information for 157 Elm Street, Somerville MA 02144

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Boston

Iliyan Padinkov