56 Gorham #3 Somerville — Photo 1 of 26
$1,050,000
Investment Analysis — 56 Gorham #3
Somerville, MA 02144
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02144 carries an estimated $3,640/mo in gross rent — about a 2.22% cap rate and $23,300/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,074
Style
Single Family
Built
1900
Filled with natural light, this beautifully maintained top-floor 2-bedroom, 2-bath condominium offers 1,074 sq ft of thoughtfully designed living space. The open-concept layout is anchored by a spacious kitchen featuring an oversized island, quartz countertops, a gas cooktop, stainless steel appliances, abundant cabinetry, and a built-in workspace with floating shelves. The kitchen flows seamlessly into generous living and dining areas surrounded by windows on multiple exposures. Both bedrooms are well-sized with custom closet systems, while two full baths provide added convenience. Enjoy a private front balcony, rear deck, dedicated off-street parking, basement laundry, central A/C, basement storage, and a shared backyard. Tucked away on a quiet one-way street, this home is just moments from the Red Line, the Minuteman Bike Path, and the restaurants, shops, and vibrant energy of Davis Square.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Bike Path • T-Station
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Property History
$1,050,000
Sep 10, 2026
MLS® 73575208
$4,950
Aug 24, 2026
MLS® 73542780
$4,950
Jun 27, 2026
MLS® 73542780
Listing Agent: Ana Andreev
Listing Office: Compass
MLS® Number: 73575208
