
40 Central Street #2 Somerville — Photo 1 of 19
$620,000
Investment Analysis — 40 Central Street #2
Somerville, MA 02143 — Spring Hill
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02143 carries an estimated $2,920/mo in gross rent — about a 3.02% cap rate and $18,747/yr in estimated NOI at the $620,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
634
Style
Condominium
Built
1890
SELLER is offering SPECIAL FINANCING--open to a 2/1 Buydown or permanent fixed financing option based on what the prospective buyer prefers (see firm remarks). Ask the listing agent for details. Welcome to a home that blends historic character with everyday comfort in Spring Hill. Set within the Dutch Colonial Revival–style Charles Hemenway House (1893), this first-floor condo features high ceilings, natural wood trim, a fireplace, built-in shelving, and a large walk-in closet. The eat-in kitchen offers stainless steel appliances, black quartz counters, natural wood cabinetry, and tile flooring. The bathroom off the bedroom also has tile flooring. Private laundry and dedicated storage are in the basement. Positioned at the intersection of Summer and Central Streets, the unit offers two access points: a private entrance on Summer Street and a grand shared entry on Central Street. The home includes a garage parking space with an additional adjacent spot, plus a private garden/yard area — a rare urban retreat. Pet-friendly with Trustee approval. It’s an ideal escape from daily life or a charming pied-à-terre. Union Square (0.7 miles), Porter Square (0.8 miles), and Davis Square (0.9 miles) provide nearby shopping, dining, and entertainment. Transit options include the Red Line, Green Line, commuter rail, and multiple bus routes, with the Magoun Square Green Line Extension just a 0.5-mile walk. With nearby parks and quick access to Routes 93, 2, 16, 28, 38, 95, McGrath Highway, Logan airport, and downtown Boston, this location supports a lifestyle that’s both connected and comfortably grounded.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Bike Path • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 13.666666666
Flooring - Wood
Kitchen
Lvl First16.5 x 7.666666666
Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances, Gas Stove, Flooring - Engineered Hardwood
Primary Bedroom
Lvl First13.25 x 17.25
Bathroom - Full, Walk-In Closet(s), Flooring - Wood, Window(s) - Stained Glass
Bathroom 1
Lvl First8.916666666 x 6.333333333
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Team Jen & Lynn
Listing Office: Thalia Tringo & Associates Real Estate, Inc.
MLS® Number: 73573522








