Property Description
This is a prime opportunity to own an enormous, well-maintained, income-producing 3-family home located just one block from Porter Square, right on the Cambridge/Somerville line, providing immediate access to Harvard Square, Davis Square, Kendall Square/MIT, and downtown Boston. Porter Square, with its convenient supermarket, gyms, shops, and restaurants, is literally at your doorstep. Ideally situated at the intersection of Somerville Avenue and Beacon Street, this location provides easy access to all of Cambridge and beyond. Whether you're seeking a strong investment, future condo conversion, or multigenerational living, this property checks all the boxes. All three units feature spacious living rooms, three equally sized bedrooms, modern baths, and sunny eat-in kitchens with dishwashers and pantries. The apartments are generously sized and include hardwood floors, replacement windows, coin-operated laundry, and private storage in the basement. Each unit also features a large private side porch, while the 2nd and 3rd fl. units enjoy an additional front deck, creating a true urban retreat. With separately metered utilities, this property is easy and economical to operate. Additional highlights include a small yard, a two-bay garage, and parking for six cars. It's rare to find a large three-family with a garage and this much parking so close to Porter Square! There is also potential to expand into the full basement, offering the opportunity to increase value or income. You and your tenants will love this exceptional location, with unbeatable access to world-class universities, highly acclaimed restaurants, neighborhood cafĆĀ©s, and vibrant local shops. A rare chance to own in one of the area's most coveted, walkable neighborhoods, where timeless charm meets modern convenience. Don't miss this exceptional offering. This is the one you've been waiting for. Gross income, including parking income is 144,720 a year. This is the perfect turnkey investment opportunity
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Interior Entry, Sump Pump, Concrete
Garage: 2
Heating: Steam, Natural Gas
Lot Size: 0.09 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $20,019
Year Built: 1910
Feature Descriptions
Appliances: Range, Dishwasher, Refrigerator
Building Area Total: 3774
Community Features: Public Transportation, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 3 Family
Electric: 110 Volts
Exterior: Frame
Flooring: Tile, Vinyl, Hardwood
GarageY/N: Yes
HeatingY/N: 1
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: M:0037 B:000A L:0027,752784
Parking Features: Common, Paved
Parking Total: 8
Patio And Porch: Porch
Rent Includes: Unit 1(Water), Unit 2(Water)
Rooms Total: 15
Sewer: Public Sewer
Units: 3
Utilities: for Gas Range
Water: Public
Window Features: Insulated Windows
757 Somerville Ave | MLS# 73553463
This multi-family property located at 757 Somerville Ave, Somerville, MA 02143 is currently listed for sale with an asking price of $1,999,900. Search Somerville real estate on debracarr.masiellogrouprealestate.com today.