
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Listing Agent: The Moving Greater Boston Team
Listing Office: Berkshire Hathaway HomeServices Warren Residential
MLS® Number: 73580878