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38 Berkeley Street, Somerville MA 02143

Somerville, MA 02143
$2,450,000
Est. $14,517/month
4
Beds
5
Baths
5,051
Sq Ft
$485
Price/Sq Ft
0.13
Acres
1928
Year Built
6 hours 30 minutes
Time on Market
Active Listed Jul 21, 2026 • MLS# 73552553 Copied! • Updated Jul 21, 2026

About this home

Fantastic opportunity to purchase a six-family property in Somerville's highly sought-after Spring Hill neighborhood, near to Porter Square Red Line and just blocks from the Gilman Square Green Line and Bike Path, making it a commuter's dream. The property consists of six units—two studios and four two-bedroom apartments—and features an enormous backyard and a large basement with ample storage. The two studio units have been recently renovated, while Units 1–3 have been tastefully updated. Unit 4 is currently vacant, presenting an excellent opportunity for a new owner to renovate and increase rental income. With a well-balanced layout of three units on each side, this is a rare value-add investment opportunity in one of Somerville's most desirable locations. Please see broker for balance of photos and videos of each unit.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 21, 2026
$2,450,000
Original listing
Agent: Grace Bloodwell Office: Coldwell Banker Realty - Boston

Tax History

Year Taxes Assessment
2026 $23,144 $2,107,800

Financial Details

Annual Property Tax
$23,144
Tax Year 2026
Assessed Value
$2,107,800

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1928
Living Area 5,051 sq ft
Lot Size 0.13 acres
Bedrooms 4
Full Baths 5
Total Rooms 22

Investment Metrics

Units 6
Unit 1 Rent $3,200/mo · Y
Unit 2 Rent $2,850/mo · Y
Unit 3 Rent $3,000/mo
Unit 4 Rent $2,000/mo
Total Monthly Rent $11,050/mo
Gross Income $158,700
Net Operating Income $158,700
Cap Rate 6.48%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $23,144
Assessed Value $2,107,800
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures One unit (#4) is empty/needs renovation work completed
Documents None
County Middlesex

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1928
Bedrooms
4
Full Bathrooms
5
Living Area
5,051 sq ft
Total Rooms
22
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1928
Structure Type:
Exterior Materials:
Roof:
Foundation: Other
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Parking Features:
School District
Somerville School District local
B-
School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
3.0% below state avg
E

Elementary Schools

9 schools
St. Theresa of the Child Jesus School
0.4 mi
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
0.5 mi | #134 of 352 | Score: 45.7
Improved 40 spots from last year
-12.6 below state avg
553 students Diverse
Rising School Diverse Student Body
Grades PK-08
C+
East Somerville Community School
0.7 mi | #245 of 352 | Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students Diverse
Grades PK-08
C-
Winter Hill Community School
0.7 mi | #287 of 352 | Score: 32.6
Dropped 15 spots from last year
-25.7 below state avg
388 students Diverse
Diverse Student Body
Grades PK-08
A
John F Kennedy School
0.8 mi | #50 of 352 | Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students Diverse
Grades PK-08
C+
Arthur D Healey School
0.9 mi | #236 of 352 | Score: 37.5
Improved 27 spots from last year
-20.7 below state avg
482 students Diverse
Rising School Diverse Student Body
Grades PK-08
Capuano Early Childhood Center
0.8 mi
250 students Very Diverse
Diverse Student Body
Grades PK-01
A+
Benjamin G Brown School
1.0 mi | #78 of 824 | Score: 60.5
Dropped 61 spots from last year
+2.3 above state avg
219 students Diverse
Strong Attendance
Grades K-05
Tufts Educational Day Care Center
1.5 mi
Grades PK-K
M

Middle Schools

1 school
Next Wave Junior High School
0.3 mi
16 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
F
Full Circle High School
0.3 mi | #344 of 346 | Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
0.3 mi | #131 of 346 | Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students Diverse
17 sports • 1,566 athletes
Rising School Career Tech Programs Strong Athletics Diverse Student Body
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,929
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

38 Berkeley Street, Somerville MA 02143

Somerville, MA 02143

Listing Information

Listing Agent Grace Bloodwell
Listing Office Coldwell Banker Realty - Boston
Office Phone 617-242-0025
Agent MLS ID BB806851
Office MLS ID AN6194
Listing Data Updated Jul 21, 2026 8:54 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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