283 Alewife Brook Pkwy Somerville — Photo 1 of 36
$1,298,000
Investment Analysis — 283 Alewife Brook Pkwy
Somerville, MA 02144
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 02144 carries an estimated $6,240/mo in gross rent — about a 3.50% cap rate and $45,370/yr in estimated NOI at the $1,298,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,458
Style
2 Family - 2 Units Up/Down
Built
1920
TURNKEY SOMERVILLE TWO-FAMILY – PRIME LOCATION! Directly across from Dilboy Field and minutes to Tufts University, this well-maintained two-family offers 2,458 SF of living space and 4+ bedrooms, making it an excellent opportunity for investors or owner-occupants. Both units feature updated kitchens, beautiful hardwood floors, abundant natural light, spacious living and dining areas, and private/enclosed porch space. Additional features include basement laundry, off-street/driveway parking, and a shared backyard. Enjoy convenient access to the Alewife Greenway, Mystic River Parkway, Davis Square, Cambridge, Arlington, and Boston. Both units are currently leased, offering immediate rental income from day one. A rare opportunity in a highly desirable Somerville location!
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Property History
$1,298,000
Sep 23, 2026
MLS® 73581042
$2,900
Aug 23, 2026
MLS® 73567092
$2,800
Jul 27, 2025
MLS® 73399434
$2,800
Jul 3, 2025
MLS® 73399434
Listing Agent: John Saleh
Listing Office: Centre Realty Group
MLS® Number: 73581042