29 Hanson St Somerville — Photo 1 of 33
Recent Drop: $150,000
$2,550,000
Investment Analysis — 29 Hanson St
Somerville, MA 02143
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02143 carries an estimated $8,750/mo in gross rent — about a 2.47% cap rate and $62,876/yr in estimated NOI at the $2,550,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
4
SqFt
3,533
Style
2 Family - 2 Units Up/Down
Built
1900
New photos of recent updates include a new fence separating each outdoor space and freshly stained decks. Rare Investment Opportunity — Two-Family Home Converted to Condos on the Cambridge/Somerville Line! This is the kind of opportunity savvy investors wait years to find. A beautifully maintained two-family home delivered vacant, recently converted into two condos (MLS #: 73524598 and #: 73515577), sitting on a rare oversized corner lot that offers 7 beds, multiple private decks, garden areas, and a stunning private roof deck with city views. The generous lot also offers future potential to add a third unit. Nicely maintained within the same family for decades and now available to the public. Delivered vacant — ready for an owner-occupant, rental income, or expansion play. Steps to Cambridge/Somerville's best dining and transit. This one won't last
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 MLS and other third-party data may be inaccurate or out of date.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 • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Property History
$2,550,000
Was $2,650,000
Sep 9, 2026
MLS® 73539630
$2,650,000
Was $2,700,000
Aug 4, 2026
MLS® 73539630
$2,700,000
Jun 22, 2026
MLS® 73539630
$1,500,000
May 27, 2026
MLS® 73524598
$1,050,000
May 9, 2026
MLS® 73515577
Listing Agent: Samantha Edwards
Listing Office: Compass
MLS® Number: 73539630
