
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.
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 MLS and other third-party data may be inaccurate or out of date.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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Range • Disposal • Refrigerator • Washer • Dryer • Range Hood
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Listing Agent: Fayth Cregg
Listing Office: Leading Edge Real Estate
MLS® Number: 73574140

