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40 Central Street #2 Somerville — Photo 1 of 19

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.

View Standard Listing

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

Original Price$620,000
Annual Taxes$5,963
HOA Fee$160

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms3
Fireplaces1
FlooringWood, Tile, Engineered Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
Foundation--
ZoningNR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl First

13 x 13.666666666

Flooring - Wood

Kitchen
Lvl First

16.5 x 7.666666666

Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances, Gas Stove, Flooring - Engineered Hardwood

Primary Bedroom
Lvl First

13.25 x 17.25

Bathroom - Full, Walk-In Closet(s), Flooring - Wood, Window(s) - Stained Glass

Bathroom 1
Lvl First

8.916666666 x 6.333333333

Bathroom - Full, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Team Jen & Lynn

Listing Office: Thalia Tringo & Associates Real Estate, Inc.

MLS® Number: 73573522