
21 Malvern Avenue #1 Somerville — Photo 1 of 24
$859,900
Investment Analysis — 21 Malvern Avenue #1
Somerville, MA 02144 — Davis Square
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02144 carries an estimated $3,640/mo in gross rent — about a 3.19% cap rate and $27,457/yr in estimated NOI at the $859,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
990
Style
Condominium
Built
1900
Beautifully renovated and ideally located on a quiet street between Davis & Teele Squares, this stylish 2-bed, 2-bath condo offers approx. 990 sq ft of thoughtfully designed living space plus exceptional private outdoor space. Gut renovated in 2020, this 1st-floor home features a bright, front-to-back open floor plan with high ceilings, hardwood floors and abundant natural light. The chef’s kitchen showcases custom two-tone cabinetry, quartz counters, a natural-wood-clad peninsula with seating area, colorful tile backsplash, gas cooking and high-end Thermador and Liebherr appliances. A glass door leads directly to a covered, fenced-in brick patio—an inviting and surprisingly private setting for morning coffee, outdoor dining and entertaining—plus an adjoining sunny shared backyard. The spacious primary bedroom features a double closet, ceiling fan, direct patio access and beautifully renovated 2026 en-suite bath with tub. The generously sized 2nd bedroom is located on the opposite side of the home, providing excellent privacy for guests or a home office, with a 2nd full hall bath featuring a glass-door shower. Additional amenities include in-unit laundry, central A/C, large private basement storage and easy on-street parking. Major 2020 improvements include electrical, plumbing, siding, roof and gutters, with additional updates completed in 2026. Enjoy easy access to Davis Sq, the Red Line, restaurants, cafés, shops and Somerville Community Path, with Teele Sq nearby. Low $156/month condo fee. A rare combination of high-end finishes, 2 full baths, private outdoor living and an outstanding Davis Sq.
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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, Open Floorplan, Recessed Lighting
Dining Room
Lvl nullFlooring - Wood, Open Floorplan
Kitchen
Lvl FirstFlooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Pendant
Master Bedroom
Lvl FirstBathroom - Full, Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Wood, Double Vanity, Exterior Access
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Remodeled
Bathroom 2
Lvl BasementBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: The Shorey Realty Group
Listing Office: Real Broker MA, LLC
MLS® Number: 73573196

