273 Medford St Somerville — Photo 1 of 36
$1,199,000
Investment Analysis — 273 Medford St
Somerville, MA 02143
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02143 carries an estimated $7,510/mo in gross rent — about a 4.76% cap rate and $57,096/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2.5
SqFt
3,410
Style
2 Family - 2 Units Up/Down
Built
1900
Incredible opportunity in prime Somerville! This expansive multi-family property spans 3 levels of living space with 14 rooms, 6 bedrooms, and 2.5 baths, with excellent potential for additional living space in the expandable basement. Outstanding opportunity for owner-occupants, rental income, investors, or multi-generational living in a highly sought-after location! Its flexible two-family layout and expansion potential make it a versatile opportunity in a highly connected Somerville location, this property delivers scale, location, and endless upside. Enjoy beautiful Boston skyline views from this ideally situated home, just minutes from the Green Line Extension, Bike Path to Boston, Assembly Row, shops, dining, and public transportation. Conveniently located near both Davis Square and Union Square, with Encore Boston Harbor less than 2 miles away. A prime location with everything you need right at your doorstep!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Joseph Cirrone
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73580644