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62 Central Street #3 Somerville — Photo 1 of 17

62 Central Street #3 Somerville — Photo 1 of 17

$948,000

Investment Analysis — 62 Central Street #3

Somerville, MA 02143 — Spring Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02143 carries an estimated $4,160/mo in gross rent — about a 3.14% cap rate and $29,751/yr in estimated NOI at the $948,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,415

Style

Condominium

Built

1900

Grand Victorian elegance meets effortless single-level living in this exceptional top-floor corner residence, perched high on Spring Hill. Nearly 10-foot ceilings, 17 oversized windows, and open living areas create an extraordinary sense of space and light across 1,400+ square feet. A skylit stairway welcomes you to your own private entryway, opening to a gracious living room with bay windows, adjoining dining area, and inviting kitchen with comfortable work space and a large peninsula. Step outside to the large private deck for peaceful views over the trees and rooftops. The spacious primary suite is a beautiful retreat, featuring a walk-in closet, ensuite full bath, and charming turret that welcomes the morning sun. Two additional true bedrooms and a second full bath offer flexibility for guests, office, and family. An actual walk-in laundry room sits conveniently at the end of the hall. Additional dedicated storage is found in the basement and right outside the unit. Enjoy living close to Union, Porter, and Davis Squares, and a short stroll to Highland Kitchen, Three Little Figs, and the Somerville Community Path. A refreshing combination of modern comfort and functional space without sacrificing character. Welcome home.

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.

Open Houses

Property Details

Financials

Original Price$948,000
Annual Taxes$3,771.98
HOA Fee$368

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Hardwood
BasementY

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
Foundation--
ZoningRes

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Third
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl Third
Dining Room
Lvl Third
Kitchen
Lvl Third
Primary Bedroom
Lvl Third
Bedroom 2
Lvl Third
Bedroom 3
Lvl Third
Bathroom 1
Lvl Third
Bathroom 2
Lvl Third
Listing Provided By

Listing Agent: Maggie Dee + Charles Cherney Team

Listing Office: Compass

MLS® Number: 73578470