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.

18 Loring Street Somerville MA 02143

MLS Number 72899397

  • Multi-Family 2 Family
  • Total Parking Spaces 2
  • Year Built 1900
  • Bathroom 3
  • Units 2

Once in a lifetime opportunity to own an stunning multi family home with two units and an in-law apartment, also listed as a single family see MLS #72899395. The property is in impeccable condition and ready for a new buyer who wants to live/rent/convert in bustling Somerville between Union and Porter with easy access to everything. The building has two on-demand water heaters, and a central air system with some radiant heat panels and mini splits throughout, so it is very energy efficient. The deck and the patio below are enormous and suitable for entertaining and gardening. Perfect for an investor who wants to rent or convert two luxury condominiums. Basement architectural plans on hand allowing expansion of the first floor unit. The house works very well as a large single family property or a two-condo building if space and location are what you are after!

Listed by Alex Haidar of Skyline Realty

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$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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431-433 Medford Street Somerville MA 02145
Open House

MLS Number 72899402

  • Multi-Family 4 Family
  • Next Open House: Mon 09/27 6:00 pm. to 7:00 pm.
  • Bathroom 3
  • Bedrooms 8
  • Full Bath 3

SOMERVILLE 4 UNIT MIXED-USE BUILDING ON THE CORNER OF MEDFORD AND CENTRAL STREET! PRIME HIGH TRAFFIC CORNER LOCATION WITH VALUE TO ADD! 2 Apartments and 2 Commercial Units in Total! Each Apartment Offers 4 Large Bedrooms, a Big Living Room, Kitchen, Bath, Sunroom, Rear Decks and Beautiful Hardwood Floors Throughout. Separate Utilities for Each Unit. Tenant's Pay. New Gas Water Heaters Recently Installed. Oil Heat. (1) Commercial Space is Leased to a Laundromat through 2025 and The Remaining Commercial Space is Leased to a Retailer Through 2026. Near Gilman Square Green Line Stop. Surrounded By Bars, Restaurants, Grocery Stores, Schools, and Minutes From Booming Porter, Union, and Magoun Squares. Easy access to 93 North and Downtown Boston.

Listed by Nicholas Spagnola of Spagnola Real Estate & Consulting,Inc.

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$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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61 Hudson Street Somerville MA 02143

Somerville, MA61 Hudson Street

Price$995,000

Est. Mortgage: $/month

Open House

MLS Number 72898450

  • Multi-Family 2 Family
  • Next Open House: Fri 09/24 11:30 am. to 1:00 pm.
  • Total Parking Spaces 2
  • Units 2
  • Bathroom 2

Wonderful opportunity to own this terrific 2 family. Fully owner occupied for many years this property offers many options. The 5 room, 2 bedroom 1 bath unit on the 1st floor has an incredible renovated kitchen with tasteful high-end finishes, hardwood floors, original wood trim, built in china cabinet. There are large front & rear decks for both units, a lovely rear yard with perennial boarder flower gardens, 2 car tandem driveway, large basement with separate systems & 2 sets of laundry hookups. Unit 2 includes a 6 room, 3 bedroom, 1 bath layout on the main level as well as a walkup to a semi finished room, perfect for a home office as well as a large unfinished storage room. End users can have extended family or live in one unit and rent the other or perhaps turn this into a fabulous single family! Investors/developers will also love the potential of this property. Offers due Monday Sept.27th at 4pm.

Listed by Team Patti Brainard and Patti Brainard of Compass

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$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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26 Franklin Avenue Somerville MA 02145

Somerville, MA26 Franklin Avenue

Price$1,195,000

Est. Mortgage: $/month

Open House

MLS Number 72898635

  • Multi-Family 2 Family
  • Next Open House: Sun 09/26 12:00 pm. to 2:00 pm.
  • Total Parking Spaces 4
  • Bathroom 3
  • Year Built 1900

***OPEN HOUSE SUNDAY, SEPTEMBER 26TH 12-2 PM*** This spacious multi-family located in Somerville is ready for a new owner to capitalize on its immense opportunity! With a beautiful layout, this home invites and attracts all, including investors and the young millennial looking for an opportunity! Unit 1 features 3 bedrooms, 2 bathrooms. Unit 2 features 4 bedrooms and 1 bathroom - both sharing an enormous 2,809 square feet. Located between Prospect Hill and East Somerville, this multi-family is only steps away from Glen Park. With the Mystic and Charles River less than ten minutes away, this property could not be located in a more ideal area! Surrounded by city life this multi-family is located in a prime area for restaurants, shopping centers, schools, and public transportation.

Listed by Jonathan Mathews of Keller Williams Realty Boston-Metro | Back Bay

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$
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$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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6-8 Rush Street Somerville MA 02145

Somerville, MA6-8 Rush Street

Price$4,150,000

Est. Mortgage: $/month

MLS Number 72897796

  • Multi-Family 5-9 Family
  • Total Parking Spaces 6
  • Year Built 1890
  • Bathroom 12
  • Units 6

Rare opportunity to purchase a beautiful new renovation 6 family property featuring a mix of 2-3 bedroom/2 bath units, each with parking and private outdoor space, all steps from the shops and restaurants on Broadway. The units are renovated to a high-end condominium quality with white shaker kitchens, stainless steel appliances, quartz countertops, tile baths, hardwood floors, crown moldings, in-unit laundry, central HVAC with air conditioning and a high attention to detail and craftsmanship. The property is situated on an oversized 7375 sq/ft lot with a large parking lot for 6 vehicles plus a spacious rear yard. This is an amazing A+ investment grade asset in a popular Somerville location. 3 units currently occupied with a rent roll of $10,545/month. 3 additional similar sized units are vacant and ready to rent. Make this the asset you pass down through the generations. Call for a private showing today!

Listed by The Residential Group and Jason Manganello of William Raveis R.E. & Home Services

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$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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6-8 Cutter Park Somerville MA 02144
Open House

MLS Number 72898086

  • Multi-Family 2 Family
  • Next Open House: Sun 09/26 12:00 pm. to 2:00 pm.
  • Total Parking Spaces 1
  • Full Bath 3
  • Bathroom 3

**Group showing/Open house: Thursday (9/23) from 5 pm to 7 pm and Sunday (9/26) from 12 pm to 2 pm** Turnkey Davis Square 2-family is teed up for an owner occupant or investor. First floor unit, leased through 8/31/2022, is a two-bed with newer eat-in kitchen and bath and its own washer/dryer in a private half of the basement. Upstairs unit is pristine and vacant, ready for its new owners or renters. This LARGE unit is on the 2nd and 3rd floor. It has 3 bedrooms, including a master suite, bright kitchen, open dining room/family room layout and exclusive laundry in private half-basement to go along with an off-street parking spot. Offers to be reviewed Monday (9/27) at 3 pm.

Listed by Robert S. Ticktin, Ryan McDonnell and Mathew Roth of Hawthorn Properties

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$
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$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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4 Belmont Terrace Somerville MA 02143

Somerville, MA4 Belmont Terrace

Price$2,249,900

Est. Mortgage: $/month

Open House

MLS Number 72898023

  • Multi-Family 2 Family
  • Next Open House: Sat 09/25 11:30 am. to 1:00 pm.
  • Total Parking Spaces 6
  • Units 2
  • Full Bath 4

It's Amore! This serene private oasis is LESS THAN A MILE TO THE RED LINE AND THE NEW FUTURE GREEN LINE with INCREDIBLE VIEWS OF BOSTON! Truly special VICTORIANESQUE TWO FAMILY wtih IN LAW SUITE. Over 3500 interior sq ft of incredible craftsmenship in this custom restoration. GUT RENOVATED 26 YRS AGO... 'restored' w/ all reclaimed historic moldings, trims and woodwork. HUGE decks w/ OVER 900sq ft and some of the BEST BOSTON VIEWS IN THE CITY. Custom fit orgnl handrails & ballisters from a retired City Hall. TWO GAS LOG FIREPLACES. Custom marble FROM Rome Italy. Stripped doors & moldings from Tremont St circa 1920's. Orgnl restored cabinetry from the Fisher Hill Estate in Brookline (circa1879). Gorgeous stained glass. Orginl door knobs from a Newport Hotel. A patio made from authentic antique brick. TWO CAR GARAGE. A special one of a kind, labor of love, over 30 years in the making. Rated a WALKER'S PARADISE WALK SCORE OF 93 / VERY BIKEABLE BIKE SCORE OF 84. INCREDIBLY CONVENIENT!

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

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$
%
$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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73 Grant Street Somerville MA 02145
Open House

MLS Number 72897659

  • Multi-Family 3 Family - 3 Units Up/Down
  • Next Open House: Fri 09/24 4:00 pm. to 5:00 pm.
  • Total Parking Spaces 8
  • Full Bath 3
  • Units 3

Calling all investors! Legal 3 unit multifamily in Winter Hill with excellent long term tenants, on leases until 5/31/22. Perfect rent payment history, currently grossing $6300/month. Fenced back yard, detached 2 car garage, and driveway parking for all 3 units. Separate gas and electric, and all furnaces (gas) replaced in 2014. Unit 3 has central A/C and was renovated in 2014. All units have granite countertops, gas ranges, dishwashers, vinyl windows, hardwood floors, assigned storage, and assigned parking. Common laundry in basement on separate electric water heater (tied to public meter). Located only .6 mi from future GLX Green Line Station (Gilman Sq) and .8 mi from Assembly Orange Line station. SHOWINGS DURING POSTED OH TIMES ONLY, do not walk the property, do not disturb tenants.

Listed by Evelyn Ullman of Coldwell Banker Realty - Winchester

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$
%
$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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25-27 Alston Street Somerville MA 02143

MLS Number 72896107

  • Multi-Family 3 Family
  • Full Bath 6
  • Year Built 1884
  • Bedrooms 12
  • Bathroom 6

WOW! HUGE VACANT SOMERVILLE 3-FAMILY READY FOR NEW KITCHENS AND BATHS! The Property Consists of Three (4) Bedroom (2) Bathroom Apartments. All Units Are Duplex Style with Two Units having a Finished Upper Level and One Unit Having a Finished Lower Level. Tremendous Value to Add! Tiled Kitchens, Hardwood & Laminate Floors, Large Bedrooms & Living Rooms. Separate Utilities Throughout & Newer Electrical Panels in Partially Finished Basement. Excellent Commuter Location with Easy Access to Green Line T Stops, Harvard University & Tufts.

Listed by Nicholas Spagnola of Spagnola Real Estate & Consulting,Inc.

$
$
%
$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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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63 Elmwood Somerville MA 02144

Somerville, MA63 Elmwood, Davis Square

Price$1,195,000

Est. Mortgage: $/month

Active With Contract

MLS Number 72894897

  • Multi-Family 2 Family - 2 Units Up/Down
  • Total Parking Spaces 3
  • Bedrooms 5
  • Year Built 1900
  • Bathroom 2

Location, Location, Location! Multi-family home with off street parking! Located along the Cambridge line and very short walk to the Davis Square train station (Red Line) and the North Cambridge bus station. You are also only steps away from the bike path and jogging trails. This 2-family has excellent rental history. It can be a great investment property or possibly upgraded and converted to condos for the developer/contractor. The upstairs unit has two levels, a total of three bedrooms with an enclosed porch along with a rear balcony. The first-floor unit has two bedrooms. The units have one newer gas boiler and one older, newer gas hot water tanks, and 60 AMP circuit breaker panels. Both apartments are currently vacant. House to be sold in “as is condition”Open houses on Saturday 9/18 (11 pm to 1 pm) and Sunday 9/19 (2pm to 4pm) with any offers due Tuesday 9/21 by 5pm.

Listed by Jonathan Webb of Compass

$
$
%
$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* 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.

Save FavoriteSchedule TourAsk A QuestionMore Details

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. MLS Property Information Network, Inc. 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.