Active

5 Days on market

23 Packard Ave Somerville — Photo 1 of 40

$1,750,000

Investment Analysis — 23 Packard Ave

Somerville, MA 02144

Based on rent reported on the MLS listing, a 2-unit multi-family in 02144 carries $9,400/mo in gross rent — about a 3.94% cap rate and $68,898/yr in estimated NOI at the $1,750,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,329

Style

Multi Family

Built

1886

Rare opportunity to own a spacious two-family home in a desirable location near Tufts University, Teele Square, and Davis Square. Offering a strong rental history and proven cash flow, this property provides immediate rental income with long-term potential. Both units feature 4 bedrooms and 2 full baths. The first unit offers a comfortable two-level layout, while the second unit occupies the upper two floors and features a spacious floor plan with living and dining rooms, dedicated office space, and additional flexible living areas. Both units feature hardwood floors, updated kitchens and bathrooms, and forced-air heating. Additional highlights include a high-ceiling basement with laundry and ample storage, a composite deck, front porch, and three off-street parking spaces. Recent improvements include vinyl siding, composite decking, and a newer roof approximately 7–9 years old. A great opportunity for investors or owner-occupants seeking a well-maintained two-family property in a convenient Somerville location.

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 MLS and other third-party data may be inaccurate or out of date.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