237 Highland Ave Somerville — Photo 1 of 23
Recent Drop: $275,000
$2,200,000
Investment Analysis — 237 Highland Ave
Somerville, MA 02143
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for the units it does not cover, a 6-unit multi-family in 02143 carries an estimated $16,690/mo in gross rent — about a 5.63% cap rate and $123,762/yr in estimated NOI at the $2,200,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4.5
SqFt
6,020
Style
5-9 Family
Built
1900
Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access
Geography
Property History
$2,200,000
Was $2,475,000
Aug 17, 2026
MLS® 73536580
$2,475,000
Jun 16, 2026
MLS® 73536580
$2,200,000
Jun 16, 2026
MLS® 73536582
$1,100,000
Jun 4, 2011
MLS® 70596291
$1,100,000
Jun 4, 2011
MLS® 70596254
$1,100,000
Jun 12, 2007
MLS® 70596291
$1,100,000
Jun 9, 2007
MLS® 70596254
Listing Agent: Shane Marrion
Listing Office: Benoit Real Estate Group ,LLC
MLS® Number: 73536580
