Active
16 Days on market
78 Fellsway West Somerville — Photo 1 of 40

78 Fellsway West Somerville — Photo 1 of 40

$1,400,000

Investment Analysis — 78 Fellsway West

Somerville, MA 02145

Based on rent reported on the MLS listing, a 3-unit multi-family in 02145 carries $8,750/mo in gross rent — about a 4.75% cap rate and $66,455/yr in estimated NOI at the $1,400,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

3

SqFt

3,339

Style

3 Family

Built

1915

Incredible opportunity to own a well-maintained three-family home on a leafy, tree-lined Somerville street, directly across from a sweet neighborhood park with grassy fields. A versatile property offering excellent potential as an income-producing investment, condo conversion, or multi-generational home.The first and second floors each feature comfortable two-bedroom apartments, while the third floor offers a cozy one-bedroom apartment. All three units have been well maintained and feature hardwood floors, eat-in kitchens with dishwashers, and a pleasing mix of decks and porches. The property also offers a quaint backyard, long driveway and two-bay garage, providing valuable off-street parking for residents. Additional amenities include laundry and private storage in the basement, making this a practical and attractive property for both owners and tenants. The natural setting and large park directly across the street add a wonderful neighborhood feel that is increasingly hard to find. Conveniently located between Somerville's Orange and Green Lines, with easy access to downtown Boston, Cambridge, and Assembly Row, including its popular restaurants, shopping, entertainment, and waterfront attractions. A solid investment, this three-family offers plenty of possibilities.

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$1,400,000
Annual Taxes$13,345

Parking

Garage2
Off-Street7

Interior Specifications

Total Rooms13
FireplacesNone
FlooringHardwood
BasementFull, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningNR

Property & Lot

Acres0.09
SqFt Lot4,000
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: David Lilley

Listing Office: RE/MAX Destiny

MLS® Number: 73568923