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7 Lowell Ter #7 Somerville — Photo 1 of 29

7 Lowell Ter #7 Somerville — Photo 1 of 29

$995,000

Investment Analysis — 7 Lowell Ter #7

Somerville, MA 02145

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02145 carries an estimated $3,350/mo in gross rent — about a 1.83% cap rate and $18,176/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,450

Style

Condominium

Built

1880

Open House Saturday 9/12 and Sunday 9/13 12:00PM-1:30PM. Beautifully renovated in 2018, this 2 bed, 2 bath second and third floor residence offers stylish living in the heart of Magoun Square on a quiet side street, less than one mile from the Green Line at Lowell Street. Enjoy easy access to neighborhood restaurants, I-93, Assembly Row, and Tufts University. A welcoming mudroom with custom cubbies and hooks leads to the sun filled main living level, where an open concept layout is anchored by a spacious living room featuring a stone faced electric fireplace. The eat in kitchen is appointed with quartz countertops, a generous center island, gas cooking, an exterior vented range, and direct access to a private covered balcony. The spacious primary suite offers an attached full bath, while a second bedroom/home office and an additional full bathroom complete this level. Upstairs, the versatile third floor provides excellent flex space for as a third bedroom, recreation room or home gym. Additional highlights include hardwood floors, crown molding, Nest smart thermostats, a small exclusive use outdoor area with storage shed, one deeded off street parking space plus one shared guest space, and an eight year old tankless water heater. The exterior of this well maintained two unit building was freshly painted last summer, and all major systems date to the 2018 renovation.

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

Open Houses

Property Details

Financials

Original Price$995,000
Annual Taxes$8,776
HOA Fee$300

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Hardwood
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningNR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Oven

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Third
Office
Second
Living RoomDining RoomMaster BedroomBedroom 2
First
Bathroom 1Bathroom 2
Main,Second
Kitchen
Living Room
Lvl Second

19.25 x 13.333333333

Flooring - Wood

Dining Room
Lvl Second

14.25 x 14.333333333

Kitchen
Lvl Main,Second

16 x 10.416666666

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove

Office
Lvl Third

10.416666666 x 9

Master Bedroom
Lvl Second

14.416666666 x 13

Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second

9.5 x 10.583333333

Bathroom 1
Lvl First

5.666666666 x 7.916666666

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: The Synergy Group

Listing Office: The Synergy Group

MLS® Number: 73572998