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17 Rush St. Somerville — Photo 1 of 31

17 Rush St. Somerville — Photo 1 of 31

$849,900

Investment Analysis — 17 Rush St.

Somerville, MA 02145

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02145 carries an estimated $6,840/mo in gross rent — about a 6.45% cap rate and $54,845/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,060

Style

2 Family - 2 Units Up/Down

Built

1880

Attention investors, developers, and house-hackers: Rare East Somerville value-add multi-family delivered 100% vacant! This is a standout opportunity in one of Greater Boston's highest-demand real estate markets. Located at 17 Rush Street, this traditional two-family home features nearly 2,100 sq ft of living space across three flexible levels. Offered fully vacant at closing, this property represents a clean slate ready for an ambitious owner-occupant, condo-conversion developer, or long-term buy-and-hold investor looking to build immediate sweat equity. [PROPERTY HIGHLIGHTS & CHARACTER] The building retains high-value architectural details that serve as an incredible foundation for a modern overhaul, including high ceilings, deep bay window nooks, abundant natural light, original hardwood floors, ceiling medallions, wide classic casing, and flexible front-to-back floor plans. [CURRENT LAYOUT CONFIGURATION] Unit 1 (First Floor) features a 1-bedroom, 1-bathroom footprint with a large formal living room or dining space, eat-in kitchen area, and private rear entry. Unit 2 (Second and Third Floors) spans two levels offering 3-4 bedrooms, 1 bathroom, expansive living or dining spaces, an oversized kitchen, plus walk-in storage and closet areas on the top floor. (Note: Public record lists property as 5 bed / 2 bath; buyer to verify all potential layout configurations and room counts). [LOCATION & AMENITIES] Commuters and future tenants will love the convenience of rare off-street driveway parking included with the property. Enjoy rapid access to the MBTA East Somerville Green Line Extension and Sullivan Square Orange Line, along with close proximity to Assembly Row, Union Square, Broadway dining and retail, I-93, Cambridge, and downtown Boston. Bring your general contractor, architect, and design vision. Opportunities like this in East Somerville are exceedingly rare.

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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Open Houses

Property Details

Financials

Original Price$849,900
Annual Taxes$7,536

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms8
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningNR

Property & Lot

Acres0.04
SqFt Lot1,714
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Highway Access • T-Station

Geography

Listing Provided By

Listing Agent: Tom Fitzpatrick

Listing Office: Flow Realty, Inc.

MLS® Number: 73575128