Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.
- Heating System:
- Forced Air, Steam, Natural Gas
- Cooling System:
- No
- Basement:
- Unfinished, Concrete
- Parking:
- Paved Drive
- Appliances:
- Range, Dishwasher, Refrigerator
- Construction:
- Brick, Frame
- Exterior Unit Features:
- Balcony/deck
- Flooring:
- Tile, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Circuit Breakers
- Garage Parking
- Interior Features:
- Kitchen, Storage, Upgraded Cabinets, Open Floorplan, Ceiling Fan(s), Living Room, Upgraded Countertops
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 2(hot Water)
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $447
- Zoning:
- RC
- No Units:
- 4
- Orig Price:
- $1,900,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Somerville
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02143
- Longitude:
- W72° 53' 26.2''
- Latitude:
- N42° 23' 28''
Residential Income
241 Highland Ave, Somerville, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,900,000
- Bedrooms :
- 6
- Rooms :
- 18
- Total Bathrooms :
- 4
- Full Bathrooms :
- 4
- Square Footage :
- 4,247 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.07 Acre
- Listing ID :
- 73513408
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com