Active
3 Days on market
557 Somerville Ave #2 Somerville — Photo 1 of 35

557 Somerville Ave #2 Somerville — Photo 1 of 35

$1,289,000

Investment Analysis — 557 Somerville Ave #2

Somerville, MA 01243

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01243 carries an estimated $2,350/mo in gross rent — about a 0.68% cap rate and $8,757/yr in estimated NOI at the $1,289,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,495

Style

Condominium

Built

2025

NEW CONSTRUCTION | LUXURY LIVING | PRIME SOMERVILLE LOCATIONExperience elevated urban living in this exceptional new-construction residence, thoughtfully designed for modern comfort, style, and convenience. The open-concept living space features beautiful white oak hardwood floors throughout and a stunning chef’s kitchen anchored by a dramatic double-thick granite waterfall island. Premium Thermador appliances include a 36-inch range and oven, complemented by custom cabinetry and a convenient pot filler.The oversized primary suite is a private retreat, featuring an expansive walk-in closet, XXL walk-in shower, elegant marble tile flooring, and a luxurious dual-sink his-and-hers vanity.Enjoy multiple outdoor spaces, including a private deck and balcony overlooking beautiful Conway Park. Two valet garage parking spaces and exclusive private storage add exceptional convenience, while smart-home technology provides effortless control of key home features.Ideally positioned between Union Square, Porter Square, and Harvard University, this home places the best of Somerville and Cambridge within easy reach. Walk to outstanding restaurants, shopping, Green Line access, biotech and lab destinations, and an abundance of neighborhood amenities.Directly across the street, Conway Park offers an exceptional array of recreation, including soccer and baseball fields, basketball and tennis courts, an ice-skating/hockey rink, playground, and splash pad—putting some of the area’s best outdoor amenities right outside your door.Sophisticated finishes, generous living spaces, premium appliances, smart-home technology, parking, private storage, outdoor space, and an exceptional location come together in this truly special home.A must-see new-construction residence offering an extraordinary combination of luxury, convenience, and lifestyle in the heart of Somerville.

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.

Open Houses

Property Details

Financials

Original Price$1,289,000
Annual Taxes$9,999
HOA Fee$223

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Marble, Hardwood
BasementY

Climate & Utilities

HeatingCentral, Forced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofRubber
Foundation--
ZoningNR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range Hood

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Laundromat • Public School

Geography

Listing Provided By

Listing Agent: Craig Shepherd

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73581183