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.
— MLSPIN #: 73389240Map of 281 Alewife Brook Pkwy, Somerville, MA 02144
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| List Price: | $1,125,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73389240 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02144 |
| Property Type: | Residential Income |
| Property Sub Type: | Multi Family |
| Bedrooms: | 5 |
| Full Baths: | 2 |
| Living Area: | 2,350 sqft |
| Acres: | 0.11 |
| Taxes: | 11,198 |
| Heating: | Hot Water, Steam |
| Lot Features: | Sloped |
| Parking Features: | Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Roof: | Shingle |
| Directions: | Off Powder House Blvd |
| Foundation Details: | Block |
| Postal Code Plus4: | 1150 |
| Listing Contract Date: | 2025-06-11 |
| Heating?: | Yes |
| Lot Size Area: | 0.11 |
| Lot Size Square Feet: | 4,624 |
| Rooms Total: | 13 |
| Bathrooms Total Integer: | 2 |
| Basement: | true |
| Basement: | Full, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 2,350 |
| Fencing: | Fenced |
| Interior Features: | Living Room, Dining Room, Kitchen, Sunroom |
| Levels: | 2 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 2 |
| Parcel Number: | M:4 B:B L:37, 747394 |
| Patio And Porch Features: | Porch |
| Sewer: | Public Sewer |
| Zoning: | RA |
| Stories Total: | 2 |
| Year Built Source: | Public Records |
| Disclosures: | Unit 1 is leased through August 2026 at $3, 050/mo. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $78,600 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Certificate Number: | 000001599625 |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $478.72 |
| Page: | 76 |
| Price Per Sqft: | $478.72 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $78,600 |
| Original List Price: | $1,125,000 |
| Parking Total: | 6 |
| Tax Assessed Value: | $1,026,400 |
| Tax Year: | 2025 |
| Total Actual Rent: | $6,550 |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 3 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 2,900 |
| Rent2: | 3,650 |
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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 June 15, 2025 04:33 AM
Property Last Updated: June 15, 2025 04:07 AM
Listing Courtesy of: Gibson Sotheby's International Realty
Listing Agent: Max Dublin Team
617-230-7615
