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$1,990,000
Total Beds: 9 Total Baths: 3
Total Units: 2 SQFT: 3102
LOT size: 0.08 Acres
15 Upland Road
Somerville, MA 02144
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Property Description

This renovated two-family is a prime investment opportunity. It sits on a quiet street directly adjacent to Tufts and the new Medford/Tufts Green Line T and offers an outstanding opportunity for an investor seeking strong, stable rents with a current annual rent roll of $139,500 through May 2026. Both units offer private entry, stainless steel appliances and many updates - new roof (2025), painted exterior (2024), recently remodeled bathroom with Carrara marble. Unit #1 - leased for $3,825/mo - is a 3 bedroom, 1 bath floor-through with direct access to the spacious front deck and rear yard. Unit #2  - leased for $7,800/mo - a 6 bedroom, 2 bath upper duplex with deck. The clean + spacious walkout basement has separate systems, high ceilings and has potential to increase your rent roll. Heating and electricity is paid for by tenants. Fenced yard, decks and two parking spaces. Dream location for an investor due to unsatisfied off-campus housing need! Close to Davis Square/Red Line T.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Broadband, Internet Available - Unknown, Programmable Thermostat, Stone/Granite/Solid Counters, Storage, Tile Floor, Upgraded Countertops
  • Common Appliances: Dishwasher, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Heat Pump, Hot Water Radiators, Space Heater, Steam
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided, Pro. Forma Available
  • Gross Operating Income: 139500
  • Gross Expenses: 17664
  • Water/Sewer: 3000
  • INSC: 2500
  • Net Operating Income: 121836

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: for Electric Dryer, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1920
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73348893
  • Last Updated: 03/28/25
  • Terms: Contract for Deed, Rent w/Option

Mortgage Calculator

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Map

Seller's Representative: Lauren Holleran Team, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-28 15:55:00