49 Porter St, Somerville MA 02143
Somerville, MA 02143 • Davis Square
$1,775,000
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Sale Statistics
Sale Overview
Original List Price:
$1,600,000
Final Sale Price:
$1,775,000
Difference:
+$175,000 (+10.9%)
Performance Metrics
110.9%
List to Sale Ratio
Sold above asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$389
Sale $/sq ft:
$432
This property sold for $432 per square foot
Sale Summary
This property sold for 10.9% above the original asking price, indicating strong buyer demand.
With only 21 days on market, this was a quick sale compared to typical market conditions.
About this home
New rare to find fully leased 3 family in coveted Porter Sq. Walking to Porter T stop, bars and excellent culinary cuisines. Blocks away from the Cambridge Line. Excellent rental location and long term upside potential. All units leased until Aug 31, 2017, with 7% escalation clauses if renewed for 2018, turnkey property. Strong credited tenants. Collect positive cash flow from Day 1. Two of three units are in renovated condition with the potential to upgrade Unit 1 and increase income. HW floors. Utilities individually metered, spacious rooms, Maintenance free Vinyl Siding, Laundry coin-op basement 55/mo income, 2nd Floor unit Includes is off-street parking for 150/mo. Large Fenced in yard, Front & Back decks off units. See attached Flr Plan. Open House Thur 12/1 (1p-2pm), Sun 12/4 (1-2pm), Wed 12/7 (1-2p). Only showings @ OH, bids due Thur 12/8 @ Noon
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
33.2%
Price Range
23
Total Days on Market
Property Timeline
Current Active Listing - MLS #73513094
Full transaction history available when tracking began
Currently Listed
May 5, 2026
$2,396,000
MLS #73513094 - Active
Sold
Jan 6, 2017
$1,775,000
Property sold
Days on Market: 23
Listed for Sale
Nov 30, 2016
$1,600,000
Original listing
Agent: Tony Madan
Office: Boston Investments
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/05/2026 | 🏡 Currently Listed | $2,396,000 | - | - | MLS #73513094 - Active |
| 01/06/2017 | ✓ Sold | $1,775,000 | - | - | Property sold |
| 11/30/2016 | 🏠 Listed for Sale | $1,600,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2016 | $11,322 | $903,600 |
Financial Details
Annual Property Tax
$11,322
Tax Year 2016
Assessed Value
$903,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1900
Living Area
4,110 sq ft
Lot Size
0.09 acres
Bedrooms
12
Full Baths
3
Total Rooms
18
Investment Metrics
Units
3
Unit 1 Rent
$3,575/mo · Y
Unit 2 Rent
$3,900/mo · Y
Unit 3 Rent
$3,900/mo · Y
Total Monthly Rent
$11,375/mo
Gross Income
$136,500
Net Operating Income
$128,762
Operating Expenses
$7,738
Water/Sewer Expense
$2,550
Electric Expense
$41
Insurance Expense
$2,585
Cap Rate
8.05%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Tandem, Paved
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,322
Assessed Value
$903,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Broker Also Has Ownership Interest. All Information Is For Reference Purposes Only, Buyer Must Do Their Own Due Diligence. Pictures From When It Was Vacant, Now All Units Occupied. Unit #2 Rent Includes $150/mo For Parking.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
23 days
Property Overview
Property Type
3 Family
Listing Type
Sold
Year Built
1900
Bedrooms
12
Full Bathrooms
3
Living Area
4,110 sq ft
Total Rooms
18
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Off Street, Tandem, Paved
Nearby Schools
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
Elementary Schools
9 schools
St. Theresa of the Child Jesus School
0.2 mi
Grades PK-08
A
John F Kennedy School
0.2 mi
|
#50 of 352
|
Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students
Diverse
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
0.9 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+
Arthur D Healey School
1.0 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
C-
Winter Hill Community School
1.2 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
C+
East Somerville Community School
1.3 mi
|
#245 of 352
|
Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students
Diverse
Grades PK-08
A+
Benjamin G Brown School
0.6 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
1.0 mi
Grades PK-K
Capuano Early Childhood Center
1.3 mi
250 students
Very Diverse
Diverse Student Body
Grades PK-01
Middle Schools
1 school
Next Wave Junior High School
0.8 mi
16 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
2 schools
F
Full Circle High School
0.8 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
0.8 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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Location
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Neighborhood
Davis Square
49 Porter St, Somerville MA 02143
Somerville, MA 02143
Listing Information
Listing Agent
Tony Madan
Listing Office
Boston Investments
Office Phone
617-702-2261
Agent MLS ID
NB900097
Office MLS ID
NB9300
Listing Data Updated
Jan 12, 2017 12:26 PM EST
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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