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$1,850,000
Total Beds: 12 Total Baths: 4
Total Units: 4 SQFT: 3998
LOT size: 0.11 Acres
111 Belmont St
Somerville, MA 02143
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Property Description

Rare investment opportunity in the heart of Somerville. This true four-family property is ideally located near three MBTA stops, with the Green Line just 0.3 miles away. Each spacious five-room unit offers potential for three-bedroom layouts, creating strong rental upside. The property also features a third-floor attic with soaring ceilings ready to be finished, plus additional expansion potential in the basement. Architectural details include a gracious center staircase, light shaft for natural light, and original tiled fireplaces. Highlights include hardwood floors, a welcoming front porch, and a walk-out basement with laundry and storage. Two driveways provide rare off-street parking. Major updates include electrical with landlord meter, vinyl replacement windows, newer roof, and updated heating and hot water systems. Excellent location with a 94 Walk Score and 90 Bike Score near transit, dining, and city amenities.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 12
  • Total Full Baths: 4
  • Total Fireplaces: 4
  • Amenities: Bike Path, Highway Access, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub & Shower, Floored Attic, Pantry, Programmable Thermostat, Stone/Granite/Solid Counters, Storage, Tile Floor, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Refrigerator, Washer, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Central Heat, Common, Electric Baseboard, Ground Source Heat Pump, Hot Water Radiators, Humidifier, Oil, Radiant, Steam

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 141120
  • Gross Expenses: 27920
  • Electric Expenses: 500
  • Water/Sewer: 2000
  • INSC: 2500
  • Miscellaneous Expense: 800
  • Net Operating Income: 113199

Utilities

  • Electric Info: 100 Amps, 110 Volts, On-Site, Other (See Remarks)
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Dryer, for Electric Oven, for Electric Range, for Gas Dryer, for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1920
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73485247
  • Last Updated: 03/12/26

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Map

Seller's Representative: David Lilley, RE/MAX Real Estate Center
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 2026-03-12 03:30:00