20 Lovell Street Somerville — Photo 1 of 41
$1,350,000
Investment Analysis — 20 Lovell Street
Somerville, MA 02144 — Teele Square
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02144 carries an estimated $8,000/mo in gross rent — about a 4.31% cap rate and $58,251/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
3,056
Style
2 Family - 2 Units Up/Down
Built
1884
20 Lovell is a two-family residence offering over 3,000 square feet of living space. This well-maintained two-family home has been lovingly cared for by the current owners for over 40 years. It offers a solid, clean canvas for an owner-occupant or investor to bring their modern cosmetic updates and instantly build equity in a prime Somerville location. The property features two spacious units totaling 5 bedrooms and 2 full bathrooms. The first-floor unit offers two bedrooms and one bath. While the upper duplex unit offers 3 bedrooms and one bath. Each unit features hardwood floors, generous room sizes, inviting living and dining areas and washer/dryer in each unit. Step outside to a large deck and yard, offering plenty of space for summer gatherings, gardening, or relaxing outdoors. Driveway parking for two tandem cars adds everyday convenience. Conveniently located in Teele Square, close to restaurants, shops, parks, and public transportation and minutes away from Davis Square.
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Daniela Cafaro
Listing Office: Berkshire Hathaway HomeServices Warren Residential
MLS® Number: 73572885
