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181 Cedar St #2 Somerville — Photo 1 of 42

181 Cedar St #2 Somerville — Photo 1 of 42

$999,000

Investment Analysis — 181 Cedar St #2

Somerville, MA 02145 — Magoun Square

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02145 carries an estimated $3,350/mo in gross rent — about a 1.31% cap rate and $13,084/yr in estimated NOI at the $999,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

3

SqFt

1,837

Style

Condominium

Built

2013

Modern Somerville living meets private sanctuary in this thoughtfully designed two-bedroom condo. Step through your exclusive side entrance onto a generous 9x15 deck—your personal retreat steps away from vibrant Porter, Davis, and Magoun Squares. Inside, afternoon light floods the open-concept living and dining areas, where a corner gas fireplace invites cozy winter gatherings. The kitchen shines with freshly installed quartzite countertops and an induction cooktop, anchored by a charming breakfast nook. Both bedrooms maximize efficiency with smart storage: the primary features a walk-in closet, large window, and en-suite bath; the second offers built-in shelving and double-width closet. Three full bathrooms serve the unit seamlessly. Tall ceilings and sound-proofing create comfort throughout. Downstairs, a spacious family room opens for flexible living—perfect for guests and a home office or gym in the 12x10 finished storage room. Nest Thermostats, on demand hot water and LED lighting enhance efficiency. Assigned parking adjacent to your patio, plus bike storage in common areas. The Community Path and Trum Field offer endless fresh-air adventures. This is urban living reimagined: privacy, space, and city energy all yours.One pet allowed under 100 lbs. Owner occupied residential exemption FY2026 $416,961 (saving you up to $4,578 per year).

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.

Open Houses

Property Details

Financials

Original Price$999,000
Annual Taxes$11,140
HOA Fee$527.32

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
Fireplaces1
FlooringLaminate, Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningUR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

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

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Basement
Family RoomBathroom 3
Main,First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl Main,First

17 x 13

Closet, Flooring - Hardwood, Open Floorplan

Dining Room
Lvl Main,First

11 x 10

Flooring - Hardwood, Balcony / Deck, Exterior Access

Kitchen
Lvl Main,First

13 x 8

Window(s) - Picture, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant

Family Room
Lvl Basement

35 x 12

Closet, Flooring - Laminate, Remodeled

Master Bedroom
Lvl Main,First

15 x 13

Walk-In Closet(s), Flooring - Hardwood, Window(s) - Picture

Bedroom 2
Lvl Main,First

13 x 10

Bathroom 1
Lvl Main,First

8 x 6

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Main,First

8 x 8

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Washer Hookup

Bathroom 3
Lvl Basement

11 x 6

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Juliet Blau Jenkins

Listing Office: Leading Edge Real Estate

MLS® Number: 73573833