34 & 40 Crescent St, Somerville MA 02145

Somerville, MA 02145
$2,925,000
Est. $15,568/month
19
Beds
6
Baths
6,902
Sq Ft
$424
Price/Sq Ft
0.17
Acres
1900
Year Built
5-9 Family
Type
59
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73258250

About this home

34 & 40 Crescent consists of two adjacent buildings (each on its own tax parcel) with five residential units consisting of two 3-Bedroom/1-Bathroom units, two 4 Bedroom/1-Bathroom units, and one 5-bedroom/2-bathroom unit. The Properties are turn-key with condo quality finishes including new luxury vinyl plank flooring throughout, new kitchens with new cabinetry with granite countertops, stainless steel appliances and new bathrooms with modern amenities. Additionally, all units have laundry inside their respective apartments. Each unit features new, forced hot air heating and central air conditioning systems as well as tankless, on demand Navien hot water systems. The buildings are separately metered for heat, hot water and electricity in which the tenants pay directly. The Properties also feature a shared parking lot with capacity for four cars. 34 & 40 Crescent Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location.

Sale Statistics

Sale Overview
Original List Price: $3,425,000
Final Sale Price: $2,925,000
Difference: $500,000 (-14.6%)
Performance Metrics
85.4%
List to Sale Ratio
Sold below asking price
59
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $496
Sale $/sq ft: $424
This property sold for $424 per square foot
Sale Summary

This property sold for 14.6% below the original asking price.

The property spent 59 days on market before selling.

Facts & Features

Property Overview

Property Type
5-9 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
19
Full Bathrooms
6
Living Area
6,902 sq ft
Total Rooms
29
Stories
6
Levels
6

Interior Features

Heating
Forced Air
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Washer, Dryer
Basement Details
Unfinished

Exterior & Structure

Roof
Shingle, Rubber
Foundation
Other
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.17 acres
Lot Size
7,405 sq ft
Lot Size Area
0.1700
Lot Features
Other
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$27,961
Tax Year
2024
Tax Assessed Value
$2,657,900
Zoning
NR

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate

Location

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Neighborhood

34 & 40 Crescent St, Somerville MA 02145

Somerville, MA 02145

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $2,330
Homeowners Insurance $200
PMI $0

Property History

Market Insights

12.7%
Price Range
54
Total Days on Market

Property Timeline

Sold
Nov 1, 2024
$2,925,000
Property sold
Days on Market: 54
🏠
Listed for Sale
Jun 27, 2024
$3,350,000
Original listing
Agent: John Pentore Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
Jun 27, 2024 New Listing Added $3,350,000

Market Statistics

Days on Market
59 days
Price per Sq Ft
$424

Tax History

Year Taxes Assessment
2024 $27,961 $2,657,900

Financial Details

Annual Property Tax
$27,961
Tax Year 2024
Assessed Value
$2,657,900

Listing Information

Listing Agent John Pentore
Listing Office Horvath & Tremblay
Agent MLS ID CN212669
Office MLS ID AN2723

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