Active
3 Days on market
375 Canal St #PH215 Somerville — Photo 1 of 36

375 Canal St #PH215 Somerville — Photo 1 of 36

$1,288,000

Investment Analysis — 375 Canal St #PH215

Somerville, MA 02145 — Assembly Square

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02145 carries an estimated $3,350/mo in gross rent — about a 0.35% cap rate and $4,560/yr in estimated NOI at the $1,288,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,004

Style

Condominium

Built

2018

Perched on the top floor of Alloy at Assembly Row, PH215 offers a rare combination of penthouse living, dramatic Boston skyline views, and one of Greater Boston's most convenient urban locations. This south-facing residence features 2 bedrooms, 2 full baths, 1,004 square feet of living space, high ceilings, and a private balcony overlooking the city. Natural light fills the home throughout the day, while the southern exposure provides sweeping skyline and sunset views from both the living space and private outdoor balcony. The open-concept layout is ideal for entertaining or everyday living, complemented by a thoughtfully designed kitchen and premium upgrades including a Miele hood fan, custom Hunter Douglas Luminette shades, and a newer Samsung AI Smart washer and steam dryer. The well-proportioned floor plan includes two comfortable bedrooms and two full baths, offering flexibility for guests or a home office. High ceilings and the top-floor setting further enhance the sense of space, light, and privacy. One parking space and a rare private storage unit are also included. Beyond the residence, Alloy places you in the heart of Assembly Row, with shopping, dining, fitness, entertainment, and everyday conveniences just outside your door. Trader Joe’s, cafés, boutiques, major retailers, AMC, and an extensive collection of restaurants are all close by.For commuters, Assembly Station on the MBTA Orange Line is just steps away, providing direct access into Boston, while nearby I-93 offers convenient access throughout Greater Boston and beyond. The neighborhood also offers riverfront open space, walking and biking connections, fitness studios, and year-round events. With its penthouse setting, private balcony, southern exposure, skyline views, parking, rare deeded storage unit, upgrades, and immediate access to everything Assembly Row has to offer, PH215 delivers an exceptional combination of luxury, convenience, and city living.

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

Original Price$1,288,000
Annual Taxes$12,000
HOA Fee$1166

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
FlooringEngineered Hardwood
BasementN

Climate & Utilities

HeatingCentral, Forced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
Foundation--
ZoningR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access

Geography

Listing Provided By

Listing Agent: The Moving Greater Boston Team

Listing Office: Berkshire Hathaway HomeServices Warren Residential

MLS® Number: 73580878