Whether you're a savvy investor looking to expand your portfolio or an owner-occupant seeking rental income, don't miss this exceptional opportunity in one the most vibrant and connected neighborhoods. Prime investment opportunity in the heart of Somerville! This 3-family property offers roughly 3,600 sqft of living space across three spacious units, generating great rental income. Each unit features large living areas, in-unit dishwashers, and ample natural light, with 3 bedrooms and 1 bathroom per unit. 2 Off-street parking spots on a paved driveway add convenience. Located near Porter Square, Harvard University, Whole Foods, and public transportation, this property is perfect for investors or owner-occupants. Additional highlights include separately metered electric, natural gas heating, newer furnaces for all 3 units, vinyl siding, and a full basement with exterior access. Don’t miss this opportunity to own a high-income property in one of Somerville’s most desirable locations!
Sale Statistics
Sale Overview
Original List Price:$1,995,000
Final Sale Price:$1,660,000
Difference:
$335,000 (-16.8%)
Performance Metrics
83.2%
List to Sale Ratio
Sold below asking price
63
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:$558
Sale $/sq ft:$465
This property sold for $465 per square foot
Sale Summary
This property sold for 16.8% below the original asking price.
The property spent 63 days on market before selling.
Facts & Features
Property Overview
Property Type
3 Family - 3 Units Up/Down
Property Category
Residential Income
Year Built
1920
Bedrooms
9
Full Bathrooms
3
Living Area
3,573 sq ft
Total Rooms
18
Stories
3
Levels
3
Interior Features
Flooring
Wood, Tile, Carpet
Has Fireplace
No
Basement Details
Full, Partially Finished
Exterior & Structure
Construction Materials
Frame
Roof
Shingle, Rubber
Foundation
Stone
Patio/Porch Features
Porch
Fencing
Fenced
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.07 acres
Lot Size
3,207 sq ft
Lot Size Area
0.0700
Lot Features
Corner Lot
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street, On Street, Paved
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service, Individually Metered
Community & HOA
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$17,524
Tax Year
2025
Tax Assessed Value
$1,606,200
Parcel Number
M:65 B:A L:2,756894
Zoning
RB
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Seller and listing agent makes no representations or warranties. Property is being sold as is, as seen. Buyers and their agents to do their own due diligence. Do not walk the property grounds without agent. Showings by appointment. Rents are projected and not actual.
Location
Loading map...
Neighborhood
5 Magnus Ave, Somerville MA 02143
Somerville, MA 02143
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,460
Homeowners Insurance$200
PMI$0
Property History
Market Insights
5.1%
Price Range
64
Total Days on Market
Property Timeline
✓
Sold
Jul 9, 2025
$1,660,000
Property sold
Days on Market: 64
🏠
Listed for Sale
Apr 30, 2025
$1,750,000
Original listing
Agent: The Sarkis TeamOffice: Douglas Elliman Real Estate - The Sarkis Team
Date
Event
Price
Change
$/sqft
Details
07/09/2025
✓
Sold
$1,660,000
-
-
Property sold
04/30/2025
🏠
Listed for Sale
$1,750,000
-
-
Original listing
Price & Status History
Date
Event
Price
Change
Apr 30, 2025
New Listing Added
$1,750,000
—
Market Statistics
Days on Market
63 days
Price per Sq Ft
$465
Tax History
Year
Taxes
Assessment
2025
$17,524
$1,606,200
Financial Details
Annual Property Tax
$17,524
Tax Year 2025
Assessed Value
$1,606,200
Listing Information
Listing AgentThe Sarkis Team
Listing OfficeDouglas Elliman Real Estate - The Sarkis Team
