237 Highland Ave Somerville, MA

$2,100,000
Beds 6
Baths 4.5
Square Feet 6,020
Acres 0.08
Photo of 237 Highland Ave Somerville MA 02143




Description

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.


Listed by Benoit Real Estate Group ,LLC, Shane Marrion

Details

MLS 73536580
Status Active
Price $2,100,000
DOM 117 days
Type Multi-Family
Beds 6
Baths 4 full, 1 half baths
Square Feet 6,020 sqft
Lot Size 0.08 acres
Year Built 1900

Lot & Building Features

Construction Frame
Sewer Public Sewer
Tax Year 2026
Taxes Paid $28,451
Water Public
Foundation Concrete Perimeter
Full Baths 4
Half Baths 1
Total Rooms 13
Garage Spaces 0

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.