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40 Highland Ave #2 Somerville — Photo 1 of 27

40 Highland Ave #2 Somerville — Photo 1 of 27

$645,000

Investment Analysis — 40 Highland Ave #2

Somerville, MA 02143

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 3.09% cap rate and $19,907/yr in estimated NOI at the $645,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

968

Style

Condominium

Built

1895

Spacious, flexible, and generously proportioned, this light-filled residence offers a versatile 1-bedroom + office layout in an exceptionally convenient Somerville location. Directly across from the Somerville Public Library and steps to the T and bus, it is moments from Union Square, Assembly Row, and Davis Square—yet peacefully set back from the street on the serene, airy courtyard side of the building. Nearly 1,000 square feet of living space provides plenty of room to live, work, host, and entertain. The thoughtfully designed interior features beautiful hardwood floors and abundant natural light, with three exposures in the living area. The dedicated office is exceptionally versatile and can easily function as a work-from-home space, guest bedroom, or additional living area. The inviting kitchen features stainless steel appliances, ample cabinetry, and a distinctive herringbone butcher-block countertop that adds warmth and character. It opens naturally to the dining area and connects to a charming balcony overlooking the shared courtyard. The spacious bedroom comfortably accommodates a king-size bed and is complemented by a full bath with in-unit laundry. Additional highlights include new HVAC with central air conditioning, generous private basement storage, and access to a shared yard with grill. Ideally situated along Highland Avenue, the home places all of Somerville's restaurants, shops, cafés, parks, and public transportation all within easy reach. Rate buy down to qualified buyers. With its generous proportions, flexible floor plan, abundant natural light, and unbeatable location, this is a home that offers exceptional versatility for urban living.

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

Original Price$645,000
Annual Taxes$2,003.44
HOA Fee$393.36

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningUR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Geography

Listing Provided By

Listing Agent: Le Cao

Listing Office: BA Property & Lifestyle Advisors

MLS® Number: 73585310