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89 Dover St Somerville — Photo 1 of 26

89 Dover St Somerville — Photo 1 of 26

$1,699,000

Investment Analysis — 89 Dover St

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-unit multi-family in 02144 carries an estimated $8,000/mo in gross rent — about a 3.17% cap rate and $53,912/yr in estimated NOI at the $1,699,000 list price. Adjust every assumption in the calculator below.

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Beds

--

Baths

--

SqFt

2,779

Style

Multi Family

Built

1900

This 5-bedroom, 3-bath home is ready for it's next owners updates. A rare Davis Square offering, combining period detail, flexible use, an oversized lot, and six off-street parking spaces. From the moment you enter, the home’s architectural character stands out, with beautiful natural woodwork, inlaid-detail fireplaces, substantial moldings, and generously proportioned rooms that showcase the craftsmanship and elegance of an earlier era. The flexible multi-family layout creates opportunities for owner-occupants, investors, multi-generational living, or thoughtful renovation and conversion. Zoned as a two-family and currently used as a single family with rental unit. Outside, the oversized lot provides significantly more usable space than is typical for the area plus a large, private driveway. Both exceptional amenities in Davis Square. Ideally located just moments from the heart of Davis Square, enjoy easy access to an outstanding collection of restaurants, cafés, shops, entertainment, and neighborhood amenities. The Davis Square MBTA Red Line station is at the end of the street, providing convenient access to Harvard Square, Kendall Square, Downtown Boston, and beyond. Tufts University, Porter Square, Cambridge, neighborhood parks, and the Somerville Community Path are also within easy reach. With its rich period character, oversized kitchen, substantial lot, six-car parking, flexible multi-family layout, and exceptional Davis Square location, this is a truly rare opportunity with both immediate appeal and outstanding future potential.

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$1,699,000
Annual Taxes$19,048

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms11
Fireplaces1
FlooringWood
BasementFull, Walk-Out Access

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningNR

Property & Lot

Acres0.15
SqFt Lot6,720
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • T-Station

Geography

Listing Provided By

Listing Agent: Mckenzie Howarth

Listing Office: Coldwell Banker Realty - Newton

MLS® Number: 73584279