$2,475,000 ($411.13 per sqft)

Est. Mortgage $11,871/mo *

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237 Highland Ave, Somerville, MA, 02143

237 Highland Ave, Somerville, MA, 02143
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13 rooms

6 beds

4 Full / 1 Half baths

1900

6,020 sqft

Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods. Group showings and OH Only. Thurs June 18: 12-1pm, Fri June 19: 12-1pm, OH Sat June 20: 12-1:30pm, Sun June 21: 12-1:30pm.

Status:

Active

Type:

Multi-family

Units:

6

Zoning:

MR3

Levels:

3

Acreage:

0.08

Est. Taxes:

$12,575

Assessment

$1,145,280

Construction

Frame

Utilities

for Gas Range, for Gas Oven

Lot Description:

Level

Amenities:

Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access

MLS #:

73536580

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Shane Marrion, Benoit Real Estate Group ,LLC