30 Everett Ave Somerville — Photo 1 of 38
$2,200,000
Investment Analysis — 30 Everett Ave
Somerville, MA 02145
Based on rent reported on the MLS listing, a 2-unit multi-family in 02145 carries $2,800/mo in gross rent — about a 0.30% cap rate and $6,616/yr in estimated NOI at the $2,200,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
4.5
SqFt
4,588
Style
2 Family - 2 Units Up/Down
Built
1890
This spacious and beautifully renovated two-family home in the heart of East Somerville is A MUST SEE! Completely gut-renovated in 2006, this 8-bedroom, 4.5-bath home offers 4,588 sq. ft. of living space, plus additional finished flex space in the basement. Inside, you’ll find gleaming Brazilian cherry floors throughout, high ceilings, oversized bedrooms, plenty of closet and storage space, and incredible natural light throughout. The chef’s kitchen features granite countertops and plenty of space for cooking, gathering and entertaining. For an owner-occupant, this property offers the feel of luxury condo living with the flexibility of owning the entire property. Live comfortably in one unit while generating rental income from the other. The spacious driveway accommodates 5 parking spaces in addition to a two-car garage. There is also significant development potential, with the property offering the possibility of conversion to a three-family with a detached backyard cottage where the garage currently sits. Located in highly walkable East Somerville, 30 Everett Ave puts you close to the Green Line, Orange Line, Assembly Row, neighborhood restaurants, shopping, grocery stores and everything Somerville has to offer.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Range • Dishwasher • Disposal • Microwave • Refrigerator • Oven • Freezer • Washer • Dryer • Range Hood
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Listing Agent: Victor Cabral
Listing Office: BA Property & Lifestyle Advisors
MLS® Number: 73577498