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34 Central St Somerville — Photo 1 of 42

34 Central St Somerville — Photo 1 of 42

$1,599,900

Investment Analysis — 34 Central St

Somerville, MA 02143

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 02143 carries an estimated $9,140/mo in gross rent — about a 4.32% cap rate and $69,046/yr in estimated NOI at the $1,599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

6

SqFt

2,631

Style

3 Family

Built

1900

Discover a special home on the Historical Register and owned by the same family for 46 years...RARE SPRING HILL THREE FAMILY VICTORIAN CHARMER WITH EXTREMELY HARD TO FIND, RARE OWNERS RESIDENCE... LIVE IN A TOP FLOOR TWO LEVEL 4 BEDROOM, 4 BATH OWNERS UNIT ...WHICH ALSO INCLUDES TWO EN SUITE BEDROOMS...and still have $4,550 in monthly rental income to pay your mortgage! Set beautfully on the lot, back and up from the street, you'll enjoy a welcome sanctuary. A charmiing original black rod iron Victorian fence adorns the property line. Plenty of parking with GARAGE (NEW ROOF) AND THREE CAR PARKING. Original period Victorian details throughout including a generous front porch surrounded by Grecian columns, beautiful orginal stained glass, Victorian arched columned doorway, built in bay window sitting area, winding natural wood ballistered hallway, and fantastic original refinished hardwood floors. Bostonian trims throughout. Spacious top floor with views of Boston. Both rental units are 3 room, 1 bedroom units on the first floor (with leases through 8/31/27) Plenty of basement space with approximately 8 ft ceilings. New architectural shingle roof in '24. Newly painted exterior in '24. HIGHLY DESIRABLE Spring Hill neighborhood has a Walker's Paradise Walk Score of 91 and a Very Bikeable Bike Score of 83 with an Excellent Transit Score of 85. ONLY A HALF MILE TO THE GREEN LINE AND LESS THAN A MILE TO THE RED LINE SUBWAY!

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.

Immersive Experience

Property Details

Financials

Original Price$1,599,900
Annual Taxes$14,311

Parking

Garage2
Off-Street5

Interior Specifications

Total Rooms12
FireplacesNone
FlooringWood
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningResdntl

Property & Lot

Acres0.1
SqFt Lot4,505
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Highway Access • House of Worship • Private School

Geography

Listing Provided By

Listing Agent: The Steve Bremis Team

Listing Office: Steve Bremis Realty Group

MLS® Number: 73583377