1 / 32
INVESTMENT SNAPSHOT
About this property
Exceptional opportunity to purchase 1 or 2 adjacent multifamily properties totaling 6 units in a prime Somerville location!(See listing for 130 Summer St. for details). Family-owned for generations, these properties offer outstanding flexibility for investors, owner-occupants, developers, or multi-generational living. 126 Summer features three spacious units with numerous recent improvements. Updates include upgraded electrical with a separate meter for the fire alarm system, newer heating systems for the 1st and 3rd floor units, and an updated oversized gazebo in 2022. The property also offers a large driveway with side-by-side parking for up to 3 vehicles and front yard irrigation system along with inviting outdoor space rarely found in the city. Whether purchased individually or as part of a larger assemblage opportunity with the neighboring property, this is a rare chance to own one or two well-maintained multifamily assets with strong income potential.
Property details
| Units | 3 |
| Living area | 3,688 sqft |
| Lot size | 4,800 sqft |
| Year built | 1900 |
| Price / sqft | $453 |
| County | Middlesex |
| MLS # | 73516983 |
Listing status
| Days on market | 25 days |
| Listed on | May 12, 2026 |
Taxes & financials
| Annual property tax | $13,824 |
| Tax year | 2026 |
| Assessed value | $1,259,000 |
| Zoning | RB |
| Gross income (actual) | $63,900/yr |
| Net operating income (actual) | $63,900/yr |
| Total actual rent | $5,325/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Unfinished |
| Foundation | Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas, Forced Air |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup |
| Appliances | Range, Refrigerator, Washer, Dryer, Dishwasher, Microwave |
Location
More about investing in Somerville →
Listing courtesy of Leading Edge Real Estate — Melanie Lentini. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 126 Summer St, Somerville MA 02143 have?
It is a 3-unit multi-family property with 3,688 sqft of living area, built in 1900.
How long has 126 Summer St, Somerville MA 02143 been on the market?
126 Summer St, Somerville MA 02143 has been listed for 25 days (since May 12, 2026).
What is the estimated cap rate on this 3-family in Somerville?
Based on area median rents, the estimated cap rate is about 4.3%, with a Signal Score of 77/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,670,000 across 3 units, that works out to roughly $556,667 per unit.
What are the property taxes on 126 Summer St, Somerville MA 02143?
Annual property taxes are $13,824 (2026), on an assessed value of $1,259,000.
What is the price per square foot?
At $1,670,000 for 3,688 sqft, that's about $453 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street).
Where is this property located?
126 Summer St, Somerville MA 02143 is in Somerville, Middlesex County, MA 02143.
Similar multi-families
◆ 77
◆ 77
◆ 58
◆ 78