Don't miss this exceptional chance to own a fully renovated 4-unit multifamily building in the heart of East Somerville! Each spacious unit offers 4 bedrooms and 2 full bathrooms, with 2 units featuring an office/den space as well. This building has been thoughtfully updated with modern finishes and layouts ideal for both renters and owner-occupants. With room for 4 off-street parking spots, this property offers a rare convenience in this vibrant urban neighborhood. Situated just minutes from the new Green Line Extension, Assembly Row, restaurants, shops, and major commuter routes, this location is a high-demand rental market with strong income potential.Whether you're an investor looking to add a turn-key property to your portfolio or a buyer seeking long-term appreciation in one of Somerville’s fastest-growing areas, this building delivers.
— MLSPIN #: 73410300Map of 39-41 Gilman, Somerville, MA 02145
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| List Price: | $3,190,000 |
|---|---|
| Status: | New |
| MLS ID: | 73410300 |
| Town: | Somerville |
| Neighborhood: | East Somerville |
| County: | Middlesex |
| Zip: | 02145 |
| Property Type: | Residential Income |
| Property Sub Type: | 4 Family - 4 Units Up/Down |
| Bedrooms: | 16 |
| Full Baths: | 8 |
| Living Area: | 4,724 sqft |
| Acres: | 0.23 |
| Taxes: | 29,000 |
| Parking Features: | Paved Drive, Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Shingle |
| Directions: | gps |
| Foundation Details: | Stone |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-07-28 |
| Lot Size Area: | 0.23 |
| Lot Size Square Feet: | 9,999 |
| Rooms Total: | 34 |
| Bathrooms Total Integer: | 8 |
| Building Area Source: | Public Records |
| Building Area Total: | 4,724 |
| Interior Features: | Living Room, Kitchen, Office/Den |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 4 |
| Open Parking?: | Yes |
| Sewer: | Public Sewer |
| Zoning: | RES |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Disclosures: | Listing agent related to seller. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $198,708 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Flrs 3: | 2 |
| Flrs 4: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $675.28 |
| Page: | 0475 |
| Price Per Sqft: | $675.28 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $198,708 |
| Original List Price: | $3,190,000 |
| Parking Total: | 4 |
| Tax Assessed Value: | $2,542,000 |
| Tax Year: | 2025 |
| Total Actual Rent: | $16,559 |
| Year Built Details: | Approximate |
| Bedrms 1: | 4 |
| Bedrms 2: | 4 |
| Bedrms 3: | 4 |
| Bedrms 4: | 4 |
| F Bths 1: | 2 |
| F Bths 2: | 2 |
| F Bths 3: | 2 |
| F Bths 4: | 2 |
| Hot Water: | Natural Gas |
| Rent1: | 4,200 |
| Rent2: | 4,200 |
| Rent3: | 3,959 |
| Rent4: | 4,200 |
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 July 30, 2025 12:09 AM
Property Last Updated: July 28, 2025 03:40 PM
Listing Courtesy of: Sterling Beacon Hill
Listing Agent: Alexander Jafry
978-602-4030
