Active
2 Days on market
471 Somerville Ave #3 Somerville — Photo 1 of 32

471 Somerville Ave #3 Somerville — Photo 1 of 32

$1,249,900

Investment Analysis — 471 Somerville Ave #3

Somerville, MA 02143

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02143 carries an estimated $4,160/mo in gross rent — about a 1.95% cap rate and $24,424/yr in estimated NOI at the $1,249,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3

SqFt

1,529

Style

Condominium

Built

2020

The Penthouse at 1 Loring Street, a beautifully designed multi-level condominium offering three bedrooms, three full baths, and 1,529 square feet of elegantly appointed living space in one of Somerville’s most vibrant neighborhoods. Sun-splashed from every direction, the home features soaring 10.5-foot ceilings, oversized windows, and three private outdoor spaces. The main level offers a welcoming open-concept layout with high-end finishes, contemporary detailing, and an easy flow between living, dining, and kitchen spaces. A private balcony off the living area provides an ideal setting for morning coffee, afternoon lounging, or evening cocktails. Rounding out this floor is a well-appointed bedroom and full bath, offering flexibility for guests, family, or a private home office. The top floor has two large bedrooms, each with its own en-suite and spectacular deck, allowing endless possibilities for entertaining, unwinding in the fresh air, or taking in the city views. Home features include: Multi Zone Central Heat and A/C, In-Unit Laundry, Private Storage Room in the Basement, and One Covered Off-Street Parking Space. Situated near Union Square, the home places a diverse collection of restaurants, cafés, shops, arts venues, and neighborhood amenities just moments away. With both the Green Line and the Red Line nearby, Cambridge and Boston are easily accessible. A sophisticated urban residence with exceptional light, distinctive spaces, and a prime Union Square 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

Original Price$1,249,900
Annual Taxes$9,711
HOA Fee$317

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
FireplacesNone
FlooringEngineered Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
Foundation--
Zoning0

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

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

Neighborhood

Public Transportation • Shopping • Highway Access • House of Worship • Public School • T-Station

Geography

Floorplan Breakdown

Structural Layout

Third
Bathroom 2Bathroom 3
Main,Third
Living RoomDining RoomKitchenBedroom 3
Fourth Floor
Primary BedroomBedroom 2
Main,Second
Bathroom 1
Living Room
Lvl Main,Third

23 x 12

Flooring - Hardwood, Balcony / Deck, High Speed Internet Hookup, Open Floorplan, Recessed Lighting

Dining Room
Lvl Main,Third

23 x 12

Flooring - Hardwood, Balcony / Deck, High Speed Internet Hookup, Open Floorplan, Recessed Lighting

Kitchen
Lvl Main,Third

14 x 10

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Gas Stove

Primary Bedroom
Lvl Fourth Floor

15 x 11

Bathroom - Full, Bathroom - Double Vanity/Sink, Closet/Cabinets - Custom Built, Flooring - Hardwood, Balcony / Deck, High Speed Internet Hookup, Recessed Lighting, Closet - Double

Bedroom 2
Lvl Fourth Floor

12 x 11

Bedroom 3
Lvl Main,Third

16 x 11

Closet/Cabinets - Custom Built, Flooring - Hardwood, High Speed Internet Hookup, Recessed Lighting

Bathroom 1
Lvl Main,Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Third

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 3
Lvl Third

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: David Lilley

Listing Office: RE/MAX Destiny

MLS® Number: 73581965