292 Summer Street #2 Somerville — Photo 1 of 34
$1,025,000
Investment Analysis — 292 Summer Street #2
Somerville, MA 02144 — Davis Square
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 2.55% cap rate and $26,109/yr in estimated NOI at the $1,025,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,555
Style
Condominium
Built
1920
Welcome home to this beautifully renovated sun-filled penthouse duplex condo in an ideal location near PORTER & DAVIS SQUARES with great restaurants and shopping nearby, quick and convenient access to public transportation, and just a few blocks to the Minuteman Bike Path. Renovated in 2016, this condo features over 1,500 SF with a spacious open floor plan including custom kitchen with dark maple cabinets and granite counters, breakfast bar with seating, stainless steel appliances, sunny dining room, and a large living/family room. Convenient half bath on the main level as well as space for a home office/workstation off the kitchen. There are hardwood floors throughout, high ceilings, large windows that provide exceptional natural light, three balconies for outdoor space, recessed lighting, and pretty kitchen pendants and dining room chandelier. Upstairs, there are two large bedrooms with cathedral ceilings, a spa-like bath with full size washer/dryer, and a tree top outdoor porch off the 2nd bedroom.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second15 x 15
Ceiling Fan(s), Flooring - Hardwood, Balcony / Deck, Exterior Access, Open Floorplan
Dining Room
Lvl Second13 x 10
Flooring - Hardwood, Breakfast Bar / Nook, Open Floorplan, Lighting - Pendant
Kitchen
Lvl Second15 x 10
Flooring - Hardwood, Recessed Lighting, Remodeled, Lighting - Pendant
Office
Lvl Second10 x 10
Flooring - Hardwood
Primary Bedroom
Lvl Third15 x 15
Vaulted Ceiling(s), Flooring - Hardwood
Bedroom 2
Lvl Third17 x 11
Bathroom 1
Lvl SecondBathroom - Half, Flooring - Hardwood, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl ThirdBathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Marble, Countertops - Stone/Granite/Solid
Listing Agent: April Callahan
Listing Office: Compass
MLS® Number: 73584211
