Investment Analysis — 121 Highland Rd #1

Somerville, MA 02144

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02144 carries an estimated $3,640/mo in gross rent — about a 3.43% cap rate and $27,397/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,031

Style

Condominium

Built

1920

Ideally located in the sought-after Ball Square neighborhood, this beautifully renovated first-floor unit offers 1,031 sq ft with 2 bedrooms and 1 bath. It boasts modern updates, deeded off-street tandem parking, and exceptional walkability and bike scores. Situated on one of Somerville's charming tree-lined streets, this home underwent a full renovation in 2025. The kitchen features stainless steel appliances, quartz countertops, solid wood soft-close cabinetry, marble flooring, and a subway tile backsplash. The updated bath includes a glass-enclosed tiled shower and marble floor, while hardwood floors extend throughout the living areas and bedrooms. Additional features include an in-unit washer/dryer, new Energy Star windows, ample closet and cabinet space, basement storage, and a shared backyard. Just a 2-minute walk to Ball Square, the MBTA Green Line station, local cafes, and shops, with easy access to the Bike Path and Davis Square.

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 MLS and other third-party data may be inaccurate or out of date.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.