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22 Otis St #1 Somerville — Photo 1 of 35

22 Otis St #1 Somerville — Photo 1 of 35

$889,900

Investment Analysis — 22 Otis St #1

Somerville, MA 02145

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02145 carries an estimated $4,020/mo in gross rent — about a 3.03% cap rate and $26,922/yr in estimated NOI at the $889,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,240

Style

Condominium

Built

1890

Welcome to 22 Otis Street, Unit 1, where city convenience meets comfortable, move-in-ready living. This bright first-floor condo offers three bedrooms, two full baths and a spacious layout with an open kitchen and living area that makes everyday life and entertaining feel easy.Converted to condominiums in 2017 and meticulously maintained since. The modern kitchen features shaker-style soft-close cabinetry, granite countertops, stainless steel appliances, ample storage and a dedicated wine/beverage fridge. The primary bedroom includes a walk-in closet and private en-suite bath, while two additional bedrooms offer flexible space for a home office, guest room or den.Hardwood floors, recessed lighting, central air conditioning, in-unit laundry and a newer heating system add comfort and convenience throughout. One deeded off-street parking space, permit parking on the street and a large private storage room in the basement provide valuable extras that are hard to find in the city. Set on an East Somerville street near the Green Line Extension, Sullivan Square, neighborhood parks, local shops, restaurants and Assembly Row, this home puts so much of Somerville within easy reach.

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 MLS and other third-party data may be inaccurate or out of date.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

Property Details

Financials

Original Price$889,900
Annual Taxes$7,652
HOA Fee$174

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
Foundation--
ZoningNR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer • Wine Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl First

13 x 23.583333333

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl First

18 x 12.083333333

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Wine Chiller

Primary Bedroom
Lvl First

13.916666666 x 12.666666666

Bathroom - Full, Walk-In Closet(s)

Bedroom 2
Lvl First

10.583333333 x 11.583333333

Bedroom 3
Lvl First

13.166666666 x 8.5

Flooring - Hardwood, Recessed Lighting

Bathroom 1
Lvl First

5.75 x 7.666666666

Bathroom - Full, Flooring - Stone/Ceramic Tile, Recessed Lighting

Bathroom 2
Lvl First

5.333333333 x 6.666666666

Bathroom - Full, Flooring - Stone/Ceramic Tile, Recessed Lighting

Listing Provided By

Listing Agent: Allison Murray

Listing Office: Chinatti Realty Group, Inc.

MLS® Number: 73557089