48 Irving Street Somerville — Photo 1 of 38
$1,850,000
Investment Analysis — 48 Irving Street
Somerville, MA 02144 — Davis Square
Based on rent reported on the MLS listing, a 3-unit multi-family in 02144 carries $7,700/mo in gross rent — about a 2.95% cap rate and $54,636/yr in estimated NOI at the $1,850,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
2,538
Style
3 Family
Built
1900
PRIME DAVIS SQUARE / TUFTS LOCATION WITH GARAGE AND PARKING! This well-maintained three-family home is ideally situated between Davis Square and Tufts University. Offering an attractive mix of unit sizes, renovated interiors, abundant parking, and private outdoor space, this property is an excellent choice for an investor, owner-occupant, or multi-generational buyer. The property features three renovated units, including a studio, a one-bedroom apartment, and a spacious three/four-bedroom unit, perfect for an owner occupant seeking additional income. All three units have been renovated within the past five years and feature beautiful hardwood flooring, full tile bathrooms, and separate heating and cooling systems paid by the tenants. Each unit also offers dedicated parking in the double wide driveway, and the three-car garage, can provide additional owner parking, storage, or additional income for the new owner. Outdoor living is another highlight, with private outdoor space for each individual unit and a shared, fenced-in patio that provides a wonderful space for relaxing, entertaining, or enjoying the outdoors. Located just minutes from Davis Square, Tufts University, public transportation, restaurants, shops, and neighborhood amenities, this property combines location, flexibility, and income potential in one outstanding package. A rare opportunity to own a turnkey three-family in the heart of the Davis Square/Tufts University area.
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 • Disposal • Microwave • Refrigerator
Geography
Listing Agent: David P. Veo
Listing Office: Freedom Realty Advisors
MLS® Number: 73575260
