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23 Summit Ave, Somerville MA 02143

$1,399,000

Estimated $3,566/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $699,500

Total Rent: 0/year

Estimated CAP Rate:

6 Bedrooms

Baths

3691

Total Parking: 7 (2 Garage)

5,230 (0.12)

Location. Location. Location. A rare opportunity to acquire a true diamond in the rough on one of Somerville's most desirable tree-lined streets, just steps from vibrant Union Square. This property is all about the location and the potential. Whether you're looking to restore the existing two-family, create a stunning single-family residence, or explore redevelopment opportunities for a multi-family project, the possibilities are exceptional.The existing 1907 structure is in need of significant renovation and is being sold as-is, making it an ideal opportunity for developers, builders, investors, or ambitious owner-occupants looking to create substantial value. Set on a 5,230± SF lot, the property currently offers approximately 3,691 SF of living area configured as a two-family residence with 13 rooms, 6 bedrooms, and 3.5 bathrooms.Enjoy one of Somerville's premier locations with easy access to Union Square's acclaimed restaurants, cafés, shops, MBTA Green Line, Cambridge, Assembly Row, and downtown Boston. Opportunities to transform a property in this neighborhood are increasingly rare. Bring your architect, your contractor, and your vision to unlock the full potential of this exceptional address.

This home has been viewed 11 times

Last Checked: August 5th, 2026 at 5:33am (Source: MLS PIN #73557653)

Gross Income: $0

Gross Expenses: $15,569

Net Income Calc: $15,569

Annual Expenses for 23 Summit Ave, Somerville MA 02143

Total Gross Expenses (Calculated)$15,569/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15569

Annual Income & Unit Breakdown for 23 Summit Ave, Somerville MA 02143

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 23 Summit Ave, Somerville MA 02143

Listing ID73557653

Property TypeMulti Family

Price1399000 ($379.03/SqFt)

StyleMulti Family

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3691

Approximate Lot Size (Acres)0.12

Total Parking7 (2 Garage)

Garage Parking2

Year Built1907

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 Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 23 Summit Ave, Somerville MA 02143

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

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 23 Summit Ave, Somerville MA 02143

Real Estate Taxes15569

Tax Year2026

Assessed Value$1,417,900

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 23 Summit Ave, Somerville MA 02143

Neighborhood(s)

Area Amenities

Contact Information for 23 Summit Ave, Somerville MA 02143

Agent

Name: Oleg Elisev

Office

Name: Greenville Real Estate Group, Inc.

Phone: 617-983-8300

Team Members

Name: Oleg Elisev

Payment Calculator

, Interest

Property Taxes 1297.42

Principal & Interest 8620.19

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Greenville Real Estate Group, Inc.

Oleg Elisev

Agent Phone

Office Phone

(617) 983-8300

Text Agent Call Agent Call Office

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EXIT

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