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Not Available - Off Market
25
$1,399,000
Total Beds: 10 Total Baths: 4
Total Units: 3 SQFT: 4982
LOT size: 0.05 Acres
5 Fountain Ave
Somerville, MA 02145
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This Property is No Longer Available

Property Description

East Somerville! This conveniently located three-family is a prime investment opportunity. 5 Fountain Avenue sits on a quiet one-way street near the new East Somerville GLX, and offers easy access to vibrant Union Square and Rt. 28. The property features three generous units—two single-level units with three bedrooms, a flexible office or study, and one bathroom each, plus a larger four-bedroom, one-and-a-half-bathroom unit spanning two levels. Unit 2 was recently renovated and features stainless steel appliances, granite countertops, and an open-concept kitchen, dining, and living area, providing inspiration for updates to the two other well-lived-in units. Other features include common laundry and a bonus community room for residents on the lower level, and a covered back patio. Each unit is individually metered, and all are leased through August 2025.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 10
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Amenities: Bike Path, Highway Access, Private School, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Full, Interior Access, Partially Finished
  • Common Rooms: Dining Room, Family Room, Kitchen, Living RM/Dining RM Combo, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Expenses Source: Not Available
  • Gross Operating Income: 93600
  • Net Operating Income: 93600

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Individually Metered, Underground, Varies per Unit
  • Utility Connections: for Gas Dryer, for Gas 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: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73351467
  • Last Updated: 03/30/25
  • 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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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-03-30 07:01:00

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