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Home Massachusetts Multi-Family Homes for Sale

241 Highland Ave Somerville, MA 02143
Open House: Sat 5/9 1:00 PM
42
$1,900,000
Total Beds: 6 Total Baths: 4
Total Units: 4 SQFT: 4247
LOT size: 0.07 Acres
241 Highland Ave
Somerville, MA 02143
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Property Description

Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.
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Property Details

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Concrete Floor, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Ceiling Fans, Storage, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Range, Refrigerator
  • Common Heating: Central Heat, Extra Flue, Forced Air, Gas, Heat Pump, Hot Water Radiators, Oil, Steam
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 97800
  • Net Operating Income: 97800

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

  • Under Lease: Yes
  • Floors: 4
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73513408
  • Last Updated: 05/06/26

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Map

Seller's Representative: The Boston ONE Team, Serhant
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2026 MLS Property Information Network, Inc.. All rights reserved.

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 2026-05-06 11:32:00

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