
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First17 x 13
Closet, Flooring - Hardwood, Open Floorplan
Dining Room
Lvl Main,First11 x 10
Flooring - Hardwood, Balcony / Deck, Exterior Access
Kitchen
Lvl Main,First13 x 8
Window(s) - Picture, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant
Family Room
Lvl Basement35 x 12
Closet, Flooring - Laminate, Remodeled
Master Bedroom
Lvl Main,First15 x 13
Walk-In Closet(s), Flooring - Hardwood, Window(s) - Picture
Bedroom 2
Lvl Main,First13 x 10
Bathroom 1
Lvl Main,First8 x 6
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Main,First8 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Washer Hookup
Bathroom 3
Lvl Basement11 x 6
Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: Juliet Blau Jenkins
Listing Office: Leading Edge Real Estate
MLS® Number: 73573833

