
17 Dow St Somerville — Photo 1 of 28
Recent Drop: $51,000
$1,899,000
Investment Analysis — 17 Dow St
Somerville, MA 02144
Based on rent reported on the MLS listing, a 3-unit multi-family in 02144 carries $6,600/mo in gross rent — about a 2.26% cap rate and $42,824/yr in estimated NOI at the $1,899,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
3
SqFt
3,114
Style
3 Family - 3 Units Up/Down
Built
1910
Fantastic multi-family residence with owner occupied option in Teele Square area for immediate cashflow, in easy to rent 3/3/2 configuration. This attractive property is in great condition, representing a significant opportunity for buyers seeking a blend of classic architecture and modern functionality. The kitchen is thoughtfully appointed with stainless steel appliances, providing a contemporary and efficient space for culinary endeavors. The property encompasses three stories, providing a generous distribution of living areas, including eight bedrooms and three full bathrooms with lots of closet spaces. A detached garage offers convenient vehicle accommodation with the long driveway. Additionally, a private yard and a welcoming porch extend the living experience outdoors, while a full basement provides further utility with coin-op laundry machines. All three units are under market rents so there's room to improve NOI without renovation. Two gas boilers were replaced in 2024 and new hot water heater installed in 2026 so very little upgrade is needed. Unit 2 is freshly painted and vacant so it works well for owner-occupied buyer to receive rental income while living in the building. Easy to show, can send full video plus photo prior to walkthru. To explore the exceptional potential of this distinguished multi-family property, we invite you to schedule a private viewing.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Washer • Dryer • Range • Dishwasher • Microwave • Refrigerator • Freezer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • Public School
Geography
Property History
$1,899,000
Was $1,950,000
Aug 19, 2026
MLS® 73550020
$1,950,000
Jul 15, 2026
MLS® 73550020
$1,700,000
Jan 22, 2024
MLS® 73189706
$1,699,000
Jan 2, 2024
MLS® 73189706
Listing Agent: Yuan Huang
Listing Office: NextGen Realty, Inc.
MLS® Number: 73550020

