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INVESTMENT SNAPSHOT
About this property
Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.
Property details
| Units | 4 |
| Living area | 4,247 sqft |
| Lot size | 3,236 sqft |
| Year built | 1900 |
| Price / sqft | $447 |
| County | Middlesex |
| MLS # | 73513408 |
Listing status
| Days on market | 6 days |
| Listed on | May 6, 2026 |
Taxes & financials
| Annual property tax | $8,884 |
| Tax year | 2025 |
| Assessed value | $814,300 |
| Zoning | RC |
| Gross income (actual) | $97,800/yr |
| Net operating income (actual) | $97,800/yr |
| Total actual rent | $8,150/mo |
Building & lot
| Stories | 4 |
| Total rooms | 18 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | Paved Drive |
| Basement | Concrete, Unfinished |
| Foundation | Concrete Perimeter |
| Roof | Shingle, Rubber |
| Construction | Frame, Brick |
| Flooring | Tile, Hardwood |
Utilities & systems
| Heating | Steam, Natural Gas, Forced Air |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Refrigerator |
Location
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Listing courtesy of Serhant — The Boston ONE Team. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 241 Highland Ave, Somerville MA 02143 have?
It is a 4-unit multi-family property with 4,247 sqft of living area, built in 1900.
How long has 241 Highland Ave, Somerville MA 02143 been on the market?
241 Highland Ave, Somerville MA 02143 has been listed for 6 days (since May 6, 2026).
What is the estimated cap rate on this 4-family in Somerville?
Based on area median rents, the estimated cap rate is about 5.1%, with a Signal Score of 87/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,900,000 across 4 units, that works out to roughly $475,000 per unit.
What are the property taxes on 241 Highland Ave, Somerville MA 02143?
Annual property taxes are $8,884 (2025), on an assessed value of $814,300.
What is the price per square foot?
At $1,900,000 for 4,247 sqft, that's about $447 per square foot.
Where is this property located?
241 Highland Ave, Somerville MA 02143 is in Somerville, Middlesex County, MA 02143.
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