281 Alewife Brook Pkwy, Somerville MA 02144

Somerville, MA 02144
$1,175,000
Est. $6,254/month
5
Beds
2
Baths
2,350
Sq Ft
$500
Price/Sq Ft
0.11
Acres
1920
Year Built
Multi Family
Type
70
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73389240

About this home

Directly across from Dilboy Field and close to Tufts and Teele Square, this well-maintained 2-family is a prime investment opportunity with strong rental income in place. Set on a dead-end cul-de-sac and tucked off the main street across from a newly added park, the first-floor 2-bed, 1-bath unit is leased through August 2026; the upper 3-bed, 1-bath unit with private porch is leased through August 2025. Both units offer hardwood floors, separate living and dining rooms, and period charm including built-in china cabinets. A fenced backyard and off-street parking for 3+ cars add value and appeal. With stable tenants and a desirable location near transit, parks, and universities, this property is a smart addition to any portfolio. Seller welcomes offers with requests for buyer concessions.

Sale Statistics

Sale Overview
Original List Price: $1,125,000
Final Sale Price: $1,175,000
Difference: +$50,000 (+4.4%)
Performance Metrics
104.4%
List to Sale Ratio
Sold above asking price
70
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $479
Sale $/sq ft: $500
This property sold for $500 per square foot
Sale Summary

This property sold for 4.4% above the original asking price, indicating strong buyer demand.

The property spent 70 days on market before selling.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1920
Bedrooms
5
Full Bathrooms
2
Living Area
2,350 sq ft
Total Rooms
13
Stories
2
Levels
2

Interior Features

Heating
Hot Water, Steam
Has Heating
Yes
Has Fireplace
No
Interior Features
Living Room, Dining Room, Kitchen, Sunroom
Basement Details
Full, Unfinished

Exterior & Structure

Roof
Shingle
Foundation
Block
Patio/Porch Features
Porch
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,624 sq ft
Lot Size Area
0.1100
Lot Features
Sloped

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$11,198
Tax Year
2025
Tax Assessed Value
$1,026,400
Parcel Number
M:4 B:B L:37,747394
Zoning
RA

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Unit 1 is leased through August 2026 at $3, 050/mo.

Location

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Neighborhood

281 Alewife Brook Pkwy, Somerville MA 02144

Somerville, MA 02144

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 $933
Homeowners Insurance $200
PMI $0

Property History

Market Insights

Property Timeline

Sold
Sep 15, 2025
Property sold
🏠
Listed for Sale
Jun 11, 2025
$1,175,000
Original listing
Agent: Max Dublin Team Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Jun 11, 2025 New Listing Added $1,175,000

Market Statistics

Days on Market
70 days
Price per Sq Ft
$500

Tax History

Year Taxes Assessment
2025 $11,198 $1,026,400

Financial Details

Annual Property Tax
$11,198
Tax Year 2025
Assessed Value
$1,026,400

Listing Information

Listing Agent Max Dublin Team
Listing Office Gibson Sotheby's International Realty
Agent MLS ID TM351307
Office MLS ID AN2064

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