Fully Leased 3-Unit Investment Property - $11,100 Monthly Rental Income! Discover an exceptional turnkey investment opportunity in the heart of Somerville. 15 Albion Street is a well-maintained three-family property generating a $133,200 annually. Each unit is fully leased with strong tenant history and parking for up to 5 cars. Each apartment offers private washer/dryers and is separately metered for gas and electricity, minimizing owner expenses and simplifying management. The property is ideally situated right along the Somerville Community Path, a scenic bike & walking trail connecting Davis Square to the new Green Line Extension, offering tenants easy access to public transportation and vibrant neighborhood amenities. Residents enjoy the luxury of 3 individual outdoor spaces and a perfect blend of urban convenience and outdoor lifestyle—just minutes to Davis Square, Porter Square, and Tufts University, as well as quick access to I-93 and Boston.
— MLSPIN #: 73449226Map of 15 Albion, Somerville, MA 02143
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| List Price: | $2,100,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73449226 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02143 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 8 |
| Full Baths: | 5 |
| Living Area: | 4,628 sqft |
| Acres: | 0.13 |
| Taxes: | 17,810 |
| Lot Features: | Gentle Sloping |
| Parking Features: | Paved Drive |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Directions: | gps |
| Foundation Details: | Stone |
| Listing Contract Date: | 2025-10-29 |
| Lot Size Area: | 0.13 |
| Lot Size Square Feet: | 5,662 |
| Rooms Total: | 23 |
| Bathrooms Total Integer: | 5 |
| Building Area Source: | Public Records |
| Building Area Total: | 4,628 |
| Interior Features: | Living Room |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | 753601 |
| Sewer: | Public Sewer |
| Zoning: | RES |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Listing agent related to seller. |
| Electric Expense: | $564 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Estimated, Owner |
| Gross Income: | $133,200 |
| Insurance Expense: | $4,464 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 1 |
| Gre: | 8,028 |
| Heat Zones: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Levels 1: | 1 |
| Levels 2: | 2 |
| Levels 3: | 3 |
| Listing Alert: | No |
| List Price Per Sqft: | $453.76 |
| Page: | 0 |
| Price Per Sqft: | $453.76 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $133,200 |
| Operating Expense: | $8,028 |
| Original List Price: | $2,100,000 |
| Parking Total: | 5 |
| Tax Assessed Value: | $1,570,600 |
| Tax Year: | 2025 |
| Total Actual Rent: | $11,100 |
| Water Sewer Expense: | $3,000 |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| Bedrms 3: | 4 |
| F Bths 1: | 1 |
| F Bths 2: | 2 |
| F Bths 3: | 2 |
| Rent1: | 3,000 |
| Rent2: | 3,600 |
| Rent3: | 4,500 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on December 15, 2025 01:41 AM
Property Last Updated: November 06, 2025 01:44 PM
Listing Courtesy of: Sterling Beacon Hill
Listing Agent: Alexander Jafry
