34 Summer St Somerville — Photo 1 of 37
$1,549,000
Investment Analysis — 34 Summer St
Somerville, MA 02143 — Union Square
Based on rent reported on the MLS listing, a 2-unit multi-family in 02143 carries $9,020/mo in gross rent — about a 4.52% cap rate and $69,993/yr in estimated NOI at the $1,549,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
3
SqFt
3,341
Style
2 Family - 2 Units Up/Down
Built
1900
Prime Turnkey Two-Family Near Bow Market & Union SquareImpeccably maintained and ideally located on Summer Street, this turnkey two-family offers the perfect combination of modern updates, strong rental income, and proximity to the best of Somerville. Just steps from Bow Market and Union Square, the property features two spacious, sun-filled units with hardwood floors and renovated kitchens.Unit 1 occupies the first floor and lower level and is currently configured as a 3-bedroom, 2-bath residence, offering approximately 1,128 square feet on the main level plus 764 square feet on the lower level. Unit 2 spans the second and third floors and is currently configured as a 5-bedroom, 1-bath residence, with approximately 1,110 square feet on the second floor and 339 square feet on the third.The property generates strong rental income of $9,020 per month—$4,200 for Unit 1 and $4,820 for Unit 2. Unit 1 tenants also enjoy the benefit of three tandem parking spaces.Whether you’re looking for a turnkey investment with attractive cash flow or envision living in one unit while renting the other, this versatile property offers an exceptional opportunity in Somerville’s vibrant Union Square neighborhood.
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Dishwasher
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Property History
$1,549,000
Aug 8, 2026
MLS® 73561000
$1,595,000
Jun 30, 2026
MLS® 73492731
$1,595,000
Mar 26, 2026
MLS® 73492731
Listing Agent: Nathan Long
Listing Office: Coldwell Banker Realty - Cambridge
MLS® Number: 73561000
