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9 Olive Ave #1 Somerville — Photo 1 of 35

9 Olive Ave #1 Somerville — Photo 1 of 35

$1,300,000

Investment Analysis — 9 Olive Ave #1

Somerville, MA 02143 — Spring Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02143 carries an estimated $4,160/mo in gross rent — about a 1.69% cap rate and $22,020/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3.5

SqFt

2,200

Style

Condominium

Built

1920

Tucked away at the end of a quiet private way in Somerville’s sought-after Spring Hill, 9 Olive Ave #1 is a beautifully designed 3-bedroom, 3.5-bath residence offering approximately 2,200 square feet across two thoughtfully finished levels.The bright main level features an open-concept kitchen, dining, and living area with hardwood floors and abundant natural light. The contemporary kitchen offers generous cabinetry, ample counter space, and a full suite of Thermador appliances, creating an inviting setting for both everyday living and entertaining. A spacious bedroom suite with private bath is also located on this level, along with a dedicated home office and convenient half bath. Downstairs, two additional bedrooms, two full baths, and a generous second living area provide exceptional versatility. Create a media room, playroom, gym, or relaxed lounge while maintaining separation between sleeping and entertaining spaces. In-unit laundry and additional storage add everyday convenience. Step outside to a private rear deck ideal for grilling, dining, or unwinding, along with shared yard space. Positioned at the end of the private way, the home also benefits from convenient parking directly out front—an added advantage in the City. Ideally situated between Union and Porter Squares, this Spring Hill location puts neighborhood restaurants, cafés, shopping, parks, bike paths, public transportation, and the Green Line within easy reach, with convenient access to Cambridge, Harvard Square, and downtown Boston. Spacious, stylish, and exceptionally well located, 9 Olive Ave #1 brings together a flexible floor plan, private outdoor space, and a tucked-away neighborhood setting in the heart of Somerville.

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$1,300,000
Annual Taxes$11,419.2
HOA Fee$375

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms9
FireplacesNone
FlooringHardwood
BasementY

Climate & Utilities

HeatingCentral, Forced Air, Heat Pump
CoolingCentral Air, Heat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningCC

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

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

Geography

Listing Provided By

Listing Agent: The Moving Greater Boston Team

Listing Office: Berkshire Hathaway HomeServices Warren Residential

MLS® Number: 73572786