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96 School St #96 Somerville — Photo 1 of 28

96 School St #96 Somerville — Photo 1 of 28

$697,000

Investment Analysis — 96 School St #96

Somerville, MA 02143

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02143 carries an estimated $3,470/mo in gross rent — about a 4.23% cap rate and $29,496/yr in estimated NOI at the $697,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

850

Style

Condominium

Built

1900

A unique owner occupied or investment opportunity! A home that perfectly blends architectural period details with modern comfort, in a coveted and sought after neighborhood of Somerville! The living room at the center of the home is open to a dining area that flows into the kitchen, with granite counter-tops, Cherry cabinetry, generous storage and stainless steel appliances. Next to the living room is a good size primary bedroom with a wall of windows and spacious closet. At the front of the home, the second bedroom/office or formal living room is framed by triple bay windows, features an original fireplace and French doors allowing some added privacy. The full bathroom includes a window, newer porcelain tile flooring, a tiled surround tub/shower combination and open shelving storage. This first floor condominium of this two-unit owner-occupied Victorian home, showcases soaring ceilings, crown moldings, gleaming hardwood floors, Central AC, recessed lighting and beautifully preserved architectural details that create a warm and inviting atmosphere throughout. Direct access from the unit to the basement that offers plenty of storage, with laundry area and a semi-finished room, providing additional versatility to suit your needs. Enjoy the private common backyard area with garden and patio. Exceptionally low property taxes for primary residents! Located in a neighborhood central to everything Somerville and Cambridge have to offer. Situated a few blocks from Union Square the home is near the bike path and within a short bike ride to all the squares in Somerville, as well as Harvard and Kendall Squares. A short stroll to the Green Line station, the High School, restaurants, supermarket, cafés and shops with easy car access to Rt 93.

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$697,000
Annual Taxes$901.89
HOA Fee$104

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
Fireplaces1
FlooringTile, Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas, Unit Control
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningNR

Property & Lot

Acres0.07
SqFt Lot3,040
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Dining Room
Main,First
Living RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl Main,First

Flooring - Hardwood, Window(s) - Stained Glass, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Kitchen
Lvl Main,First

Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Primary Bedroom
Lvl Main,First

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Main,First
Bathroom 1
Lvl Main,First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting

Listing Provided By

Listing Agent: Christina Perdikilord

Listing Office: Coldwell Banker Realty - Waltham

MLS® Number: 73584647