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7 Hamilton Rd Somerville — Photo 1 of 39

7 Hamilton Rd Somerville — Photo 1 of 39

$1,198,000

Investment Analysis — 7 Hamilton Rd

Somerville, MA 02144

Based on rent reported on the MLS listing, a 2-unit multi-family in 02144 carries $4,600/mo in gross rent — about a 2.48% cap rate and $29,670/yr in estimated NOI at the $1,198,000 list price. Adjust every assumption in the calculator below.

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Beds

4

Baths

2

SqFt

2,257

Style

Multi Family

Built

1910

Extremely well cared for 2-family in desirable West Somerville location. With numerous updates over the years combined with consistent regular maintenance and strong rental history, this property is ideal for both investors and owner occupants. Located less than a mile from Davis Square and Tufts University, and within a few blocks of multiple grocery stores, restaurants, parks, Alewife Greenway Bike Path, Dilboy Public Pool, and more. Both units have separate entrances and are well proportioned with 2 bedrooms and 1 full bathroom, beautiful hardwood floors and original millwork, and access to their own private laundry and storage space in the basement. The upper unit (#9) has private enclosed front and back porches, a bonus room, and a walkup attic with existing plumbing for a bathroom and heat -- offering an additional 1,145 square feet of valuable expansion potential. The lower unit (#7) has a Certificate of Deleading Compliance. Other notable features of this home include a landscaped backyard, a tidy basement with tall ceilings, bike storage, and a 2-car garage. The neighborhood is quiet yet easily accessible to both public transportation and major highways. Whether you're looking for a steady investment or a home with room to grow, this one is not to be missed.

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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Property Details

Financials

Original Price$1,198,000
Annual Taxes$12,282

Parking

Garage2
Off-Street5

Interior Specifications

Total Rooms12
FireplacesNone
FlooringTile, Vinyl, Hardwood
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingNatural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle, Slate, Rubber
FoundationBlock
ZoningNR

Property & Lot

Acres0.08
SqFt Lot3,653
Lot Features--

Amenities & Appliances

Range • Disposal • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Bike Path

Geography

Listing Provided By

Listing Agent: Fayth Cregg

Listing Office: Leading Edge Real Estate

MLS® Number: 73574140