
21 School St #1L Somerville — Photo 1 of 37
Recent Drop: $35,900
$739,000
Investment Analysis — 21 School St #1L
Somerville, MA 02143 — Union Square
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02143 carries an estimated $3,470/mo in gross rent — about a 3.27% cap rate and $24,152/yr in estimated NOI at the $739,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,050
Style
Condominium
Built
1870
Where do we start in describing this sun filled, spacious condo? Close to everything yet a peaceful neighborhood feel. This unique home offers beautiful old Somerville charm with modern amenities for today's flexible living. With over 1000 square feet of living space, it's two large bedrooms have plenty of flex space plus large cedar closets. The extra bonus room could be office space, a guest room, gym area or toy room.The Gilman green line stop is less than 1/2 mile while the Union Sq stop is .7 miles away. Along with your range and microwave, the stainless steel appliances include a Fisher & Paykel refrigerator and Bosch dishwasher.This sought after Union Square location has a mobility description of a "Walker's Paradise", "Excellent Transit" & "Very Bike-able". Along with your in unit laundry, gleaming hardwood floors and custom window coverings, you also have terrific outdoor space and it's pet friendly! Your private back deck has a locked gate with private entry to one of Somerville's most perfect zen-like pocket parks. And you have 150 sq feet of private basement space for storage, gym equipment, etc. If that's not enough - Market Basket, cafes, restaurants, bakeries, bus lines and pubs are all nearby. Come see this beauty in person!
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 MLS and other third-party data may be inaccurate or out of date.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 • Shopping • Park • Public School • T-Station • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 19
Ceiling Fan(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting, Lighting - Overhead
Dining Room
Lvl null14 x 8
Flooring - Stone/Ceramic Tile, Open Floorplan, Lighting - Sconce
Kitchen
Lvl First12 x 11
Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Open Floorplan, Stainless Steel Appliances, Washer Hookup, Gas Stove, Lighting - Pendant, Lighting - Overhead
Master Bedroom
Lvl First14 x 13
Cedar Closet(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Sconce
Bedroom 2
Lvl First12 x 10
Bathroom 1
Lvl nullBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Marble
Property History
$739,000
Was $774,900
Aug 24, 2026
MLS® 73562948
$774,900
Aug 12, 2026
MLS® 73562948
Listing Agent: Susan Silkes
Listing Office: Leading Edge Real Estate
MLS® Number: 73562948

