Active
59 Days on market
17 Dow St Somerville — Photo 1 of 28

17 Dow St Somerville — Photo 1 of 28

Recent Drop: $51,000

$1,950,000
$1,899,000

$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.

View Standard Listing

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

Original Price$1,950,000
Annual Taxes$17,368

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms14
FireplacesNone
FlooringTile, Hardwood
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingHot Water, Natural Gas, Baseboard
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningNR

Property & Lot

Acres0.08
SqFt Lot3,280
Lot FeaturesLevel

Amenities & Appliances

Washer • Dryer • Range • Dishwasher • Microwave • Refrigerator • Freezer

Neighborhood

Public Transportation • Shopping • Park • Highway Access • House of Worship • Public School

Geography

Property History

Price Drop
$1,899,000

Was $1,950,000

Aug 19, 2026

MLS® 73550020

Listed
$1,950,000

Jul 15, 2026

MLS® 73550020

Sold
$1,700,000

Jan 22, 2024

MLS® 73189706

Listed
$1,699,000

Jan 2, 2024

MLS® 73189706

Listing Provided By

Listing Agent: Yuan Huang

Listing Office: NextGen Realty, Inc.

MLS® Number: 73550020