23 Burnham St Somerville — Photo 1 of 41
$1,395,000
Investment Analysis — 23 Burnham St
Somerville, MA 02144 — Tufts University
Based on rent reported on the MLS listing, a 2-unit multi-family in 02144 carries $6,200/mo in gross rent — about a 2.99% cap rate and $41,690/yr in estimated NOI at the $1,395,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,458
Style
2 Family - 2 Units Up/Down
Built
1920
Incredible investment opportunity just a block from Tufts University and half a mile from both Red and Green line T stops (Davis & Ball Sq). This 2-family home has an excellent rental history and is fully leased— unit 1 until 7/31/27 and unit 2 until 5/31/27. The first floor is a spacious 2 bedroom unit with an open living/dining area, eat-in-kitchen, and 2 porches. The second floor is 2 bedrooms plus an office, open living dining room, eat in kitchen, 2 porches, and access to an unfinished walk-up-attic which offers future expansion potential or storage. There are dedicated laundry machines for each unit in the basement. Enjoy the convenience of a garage and driveway that fits up to 3 cars and a private back patio area. 23 Burnham currently generates $6200/mo, is in great condition, and is in a top notch location. Features include slate roof, gas heating systems, beautiful wood floors and hutches in the living room, ample closet space, & more.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Freezer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • T-Station
Geography
Listing Agent: Katherine Malin
Listing Office: Compass
MLS® Number: 73564872
