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Somerville Investment Properties

Somerville, located just outside of Boston is the most densely populated municipality in New England. With the constant influx of students, young professionals and the recent boom of development, there is a virtually never ending demand for rental living. With billions of dollars being invested into Assembly Row and the Union Square Green Line Extension, now is the time to buy! Experts are predicting that rents could increase as much as 25%.

Elevated Realty works with hundreds of experienced and qualified investors, giving us access to investment properties before they even hit the market. So whether you are a first time investor, or a landlord with multiple properties, it's a great idea to have one of our agents at your side. Remember, it does not cost you anything to have one of our agents represent you as a buyer!

Somerville Investment Property

If you are interested in purchasing an Investment property in Somerville or the Greater Boston area and would like more information, contact us today!

Listings on our site are added hourly by the MLS, so you'll always find the most current properties here. Log in or register to be automatically notified when new properties (matching your criteria) hit the market and to save your search for easy access to current listings.

89 Central Street Somerville MA 02143

Somerville, MA89 Central Street, Central Hill

Price$1,700,000

Est. Mortgage: $/month

MLS Number 73123059

  • MultiFamily
  • Bedrooms 7
  • Bathroom 2
  • Square Feet 3,322
  • Parking Spaces 2

ATTENTION INVESTORS & DEVELOPERS!! - Condo Docs Are Approved for this Beautiful 2 Family property. Both units consist of 2 levels with a total living area of 3,322 Sq Ft. PLUS a dry basement with high ceilings and proper plumbing connections creating an additional 1,150 Sq Ft!! Private Driveway with parking for 2 - 3 cars, bright and sunny porches and a back yard. Unbeatable location, bus routes right next door, close proximity to Union Sq, Davis Sq and Porter Sq. Classic detail throughout, stunning hardwood floors and ready for development, A MUST SEE FOR SURE!! Able to show on short notice.

Listed by Daniel Surian of RealtyMax

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$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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24 Preston Road Somerville MA 02143

Somerville, MA24 Preston Road

Price$1,349,000

Est. Mortgage: $/month

Open House

MLS Number 73122372

  • MultiFamily
  • Next Open House: Sun 06/11 11:15 am. to 1:15 pm.
  • Bedrooms 5
  • Bathroom 3
  • Square Feet 3,119

Excellent Opportunity here for Developers, Homeowners or Landlords in this Victorian Era 3 Family Home. This property offers 3,100+ sq. ft. of living with apartments featuring 4-5-3 Rooms 2-2-1 bedrooms located on a quiet tree lined street in the heart of Somerville and nestled between Union, Porter and Harvard Squares, Near Vibrant Bow Market! This sun-drenched, well-maintained home has lots of old-world charm & character including, crown moldings, hardwood floors, and natural woodwork. Each unit features Semi-modern eat in kitchens & bathrooms. The large expandable lower level & enormous entry foyer offer great expansional potential. 1 car garage plus 4 off street parking in private driveway. The level 4,723 sq. ft. lot features a large patio area. Unbeatable location with a 91-walk score! Easily accessible to Union, Porter & Harvard squares, public transport, the new Green Line Extension (GLX) & downtown Boston.

Listed by Jim & Mike Savas Team and James Savas of Berkshire Hathaway HomeServices Commonwealth Real Estate

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$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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44 Woods Avenue Somerville MA 02144

Somerville, MA44 Woods Avenue, Tufts University

Price$1,475,000

Est. Mortgage: $/month

MLS Number 73122318

  • MultiFamily
  • Bedrooms 4
  • Bathroom 2
  • Square Feet 2,112
  • Parking Spaces 3

This nicely renovated five-bedroom, two-bath multi-family is the perfect combination of style and convenience. With a front deck and rear patio entertaining space, you'll have everything you need to enjoy the outdoors. The location of this condo is ideal, just minutes away from Tufts University and Assembly Row, providing easy access to all the best shopping, dining, and entertainment options. With plenty of basement storage, you'll have ample space to organize your belongings. This home is situated on a quiet side street, making it the perfect retreat from the hustle and bustle of the city. Inside the space is bright and airy, with an open floor plan that maximizes natural light. The two updated kitchens feature stainless steel appliances, granite countertops, and plenty of storage space. Each of the bedrooms is comfortably sized with generous closet space. This property is also being offered as two individual condos for sale. The listing agent has further information.

Listed by Gayle Winters of Compass

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$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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42 Clarendon Avenue Somerville MA 02144

Somerville, MA42 Clarendon Avenue, Teele Square

Price$1,449,000

Est. Mortgage: $/month

Open House

MLS Number 73121832

  • MultiFamily
  • Next Open House: Sun 06/11 12:00 pm. to 1:30 pm.
  • Bedrooms 6
  • Bathroom 3
  • Square Feet 3,375

LOCATION, LOCATION, LOCATION TRIPLE DECKER IN TEELE SQ walkable to bustling Davis Sq & Tufts. Amazing opportunity for an investor, condo conversion or owner occupant. This large bright 3 family home features spacious units with hardwood floors. Each unit has 2 bed, 1 bath with open living/dining areas, front and rear decks. Unit 1 has a recently renovated bathroom. Unit 2 has a pantry. Other upgrades include 200 amp electrical, separate water heaters & boilers, newer rubber roof. there is storage in basement and 3 parking spaces, garden and shed. Fantastic location near all the shops and restaurants, bike path, Tufts, and green and red lines. An ideal for rentals to young professionals and students. Showings: Thursday June 8th 5pm-6.30pm, Friday June 9th 5-6pm, Sat and Sun between 12pm-1.30pm. Offers due Wed June 14th.

Listed by Lexi Crivon of Coldwell Banker Realty - Brookline

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$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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384 Broadway Somerville MA 02145

Somerville, MA384 Broadway

Price$2,299,900

Est. Mortgage: $/month

MLS Number 73121923

  • MultiFamily
  • Bedrooms 12
  • Bathroom 10
  • Square Feet 7,800
  • Parking Spaces 10

Attention developers, this is the one! Building Permit for 10 residential units has been issued and will be sold with all permits, all architectural and structural and MEP plans, and condo conversion docs in hand. Building has been gutted and garage demo permit in hand. Keep the building as rentals or convert to condos, whatever you desire! 10 parking spaces at-grade will be provided on site to enable four levels of living area in this spectacular house. Designed by premier architect Khalsa Design, this home has the modern buyer in mind. Units are as follows: 946sf/1bed/1bath, 801sf/1bed+study/1 bath, 630sf/1bed/1bath, 848sf/2 bed/1 bath, 791sf/2 bed/1 bath, 642sf/1 bed/1 bath, 647sf/1 bed/1 bath, 780sf/1 bed/1 bath, 501sf/1 bed/1 bath, 648sf/1 bed/1 bath. Includes two units as affordables. New gas line has been run on site and temp electrical is installed. Shovel ready on day 1!

Listed by Garrett Einis of Green Line Property Group

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$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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45 Sunset Road Somerville MA 02144

Somerville, MA45 Sunset Road

Price$1,275,000

Est. Mortgage: $/month

Open House

MLS Number 73120327

  • MultiFamily
  • Next Open House: Sun 06/11 11:00 am. to 1:00 pm.
  • Bedrooms 7
  • Bathroom 3
  • Square Feet 3,335

Great investment property one block from the Tufts University campus and close to the new Green Line "T" station. This property has a solid rental history and is perfect for an investor or an owner occupant/investor. Unit #1 has 2 levels and features high ceilings, 3+ bedrooms, kitchen with breakfast bar, living and dining room, 1 full bath and laundry hook-ups in the basement. Unit #2 is on the top 2 levels and has 4+ bedrooms, kitchen with breakfast bar, living and dining room, 2 full baths and in-unit laundry. Each unit has front and back covered porches. There is off street parking for 3+ cars, a nice back yard and patio area. Updated roof and newer systems make this an easy property to maintain. See open house schedule. Offers to be submitted on Tuesday June 13th by 5PM.

Listed by Peter Cote and Costas Theocharidis of Coldwell Banker Realty - Cambridge

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$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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22 Cross Street Somerville MA 02145

Somerville, MA22 Cross Street, East Somerville

Price$1,200,000

Est. Mortgage: $/month

Open House

MLS Number 73121040

  • MultiFamily
  • Next Open House: Sun 06/11 12:00 pm. to 1:00 pm.
  • Bedrooms 5
  • Bathroom 3
  • Square Feet 2,760

*** Open House Sunday June 11, 12-1:00. ***Beautiful mansard three-family with driveway. Grape arbor over back patio and backyard garden make for an urban oasis. Featuring non-traditional, flexible layouts on first two floors with double doors and nice woodwork. High ceilings throughout. Basement is partially finished with a kitchen, bathroom, and two additional rooms but is not counted in the living area and seller + seller's agent make no representations about the basement space - the property is sold as is and buyer should do their own due diligence. Long time family owned and shows pride of ownership. Can be delivered vacant. Fantastic location steps to Broadway and an easy walk to the Sullivan Square train stop. Grab this piece of booming East Somerville while you can! Three families like this don't last!

Listed by David Scott of Apartment Rental Experts LLC

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$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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38 Pinckney Street Somerville MA 02145

Somerville, MA38 Pinckney Street

Price$1,459,999

Est. Mortgage: $/month

MLS Number 73120928

  • MultiFamily
  • Bedrooms 5
  • Bathroom 4
  • Square Feet 2,594
  • Parking Spaces 1

A 3-family property located in the highly sought-after city of Somerville. The property consists of approx. 2594sf of living space across 5 bedrooms & 3 bathrooms, in a convenient location close to shops, public transportation, and an abundance of dining options and Assembly Square. Ideal for both homeowners and investors seeking the perfect blend of comfort and convenience.

Listed by Ricardo Rodriguez & Associates Group and Karen Navarrete of Coldwell Banker Realty - Boston

$
$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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741 Broadway Somerville MA 02144

Somerville, MA741 Broadway

Price$1,850,000

Est. Mortgage: $/month

MLS Number 73120522

  • MultiFamily
  • Bedrooms 4
  • Bathroom 6
  • Square Feet 6,129
  • Property SubType 4 Family

For Sale! 741 Broadway provides investors, users and business owners the opportunity to own a sizable mixed use property in Somerville's Ball Square neighborhood. Complemented by locally beloved retail and under 2 minutes to the brand new Ball Square Green Line Station, all within walking distance to Tufts University, Davis Square and Magoun Square, 741 Broadway is fantastically located with tremendous residential and business demand. 741 Broadway is a true mixed use property with two 2-bed units on the second and third floor, almost 3,000 SF of leased office/commercial space on the first floor with an additional 1,100 SF of finished space below grade in the basement to use or rent. The Commercial space includes lobby/sitting area, conference rooms, multiple offices and restrooms to lease. Please see floor plans in this listing for layout.741 Broadway is zoned MR4 which allows for Mixed Use or Residential use up to 4 stories typically at 90% lot coverage aside from potential setbacks

Listed by Daniel Dewing of Boston Realty Advisors

$
$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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101-103 Raymond Avenue Somerville MA 02144

Somerville, MA101-103 Raymond Avenue, Tufts University

Price$1,399,900

Est. Mortgage: $/month

Open House

MLS Number 73120009

  • MultiFamily
  • Next Open House: Sun 06/11 11:30 am. to 1:00 pm.
  • Bedrooms 4
  • Bathroom 3
  • Square Feet 2,286

TUFTS PRISTINE 2 FAMILY WITH 2 CAR GARAGE...DELIVERED VACANT! Distinctive European flair with stucco exterior and a gorgeous garden area with private rear patio and your own flourishing grape arbor! Entire home owner occupied...DELIVERED VACANT ...1st flr has not been rented for many years. Impeccable condition from top to bottom. Both units have Eat In Modern Kitchens w/ Quartz counter tops. Hardwood floors throughout with original Bostonian casings and moldings. SUNSPLASHED SECOND FLR UNIT has 6 rms & 2 bdrms w/ den off the living area. Den has beautiful natural wood beamed clngs, currently used as an office, easily convertible to 3rd bedroom. Three season cthdrl clng back porch adds nice BONUS SPACE and is fully finished. BARELY OVER HALF A MILE TO THE TUFTS COLLEGE AVE GREEN LINE STOP AND LESS THAN A MILE TO THE RED LINE! Very Walkable Walk Score of 87 / Very Bikeable Bike Score of 87 *SPECIAL FINANCING - FIXED RATE 6.25% (6/3/23) W/ 20% DOWN- 30YR FIXED RATE-NO POINTS!

Listed by The Steve Bremis Team and Stephen Bremis of Steve Bremis Realty Group

$
$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.