This renovated two-family is a prime investment opportunity close to Union Square (Green Line T), Inman Square and an easy commute by foot or bike to Harvard (Red Line T). It offers an outstanding opportunity for an investor seeking strong, stable rents with a current annual rent roll of $120,000 through July 2026. Both units offer private entry, stainless steel appliances, separate washer and dryer, as well as many updates - new roof (2025), new exterior siding (2025), floors, windows, trim, boilers, electric, sewer pipes, kitchens and baths, water lines, drywall (2017). Unit #1 - leased for $4,900/mo - 4 bedroom, 3 bath first and lower level unit with a private porch and deck. Unit #2 - leased for $5,100/mo - 4 bedroom, 3 bath upper duplex with a private balcony. Each unit has separate systems. Heating and electricity paid for by tenants. Three parking spaces. Capitalize on the underserved need for rental housing with a turn-key address in a dream location for investors.
— MLSPIN #: 73428170Map of 47 Dane Street, Somerville, MA 02143
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| List Price: | $1,850,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73428170 |
| Town: | Somerville |
| Neighborhood: | Union Square |
| County: | Middlesex |
| Zip: | 02143 |
| Property Type: | Residential Income |
| Property Sub Type: | Multi Family |
| Bedrooms: | 8 |
| Full Baths: | 6 |
| Living Area: | 3,304 sqft |
| Acres: | 0.06 |
| Taxes: | 16,058 |
| Appliances: | Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer |
| Cooling: | Window Unit(s), Wall Unit(s) |
| Flooring: | Tile, Stone/Ceramic Tile |
| Heating: | Baseboard, Hot Water, Natural Gas |
| Lot Features: | Corner Lot, Level |
| Parking Features: | Paved Drive, Off Street, Deeded |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Shingle |
| Window Features: | Picture Window, Box/Bay/Bow Window(s), Insulated Windows |
| Directions: | Washington Street to Dane Street. On the Corner of Dane Street and Skehan Street. |
| Laundry Features: | Electric Dryer Hookup, Washer Hookup |
| Foundation Details: | Stone, Brick/Mortar |
| Electric: | Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-09-09 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.06 |
| Lot Size Square Feet: | 2,560 |
| Rooms Total: | 12 |
| Bathrooms Total Integer: | 6 |
| Basement: | true |
| Basement: | Full, Finished, Interior Entry |
| Building Area Source: | Measured |
| Building Area Total: | 3,304 |
| Community Features: | Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks |
| Door Features: | Insulated Doors |
| Exterior Features: | Balcony |
| Interior Features: | Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Remodeled, Internet Available - Broadband, Living Room, Dining Room, Kitchen |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 2 |
| Open Parking?: | Yes |
| Parcel Number: | 054B.00003000000, 755689 |
| Patio And Porch Features: | Porch, Deck |
| Rent Includes: | Unit 1(Water), Unit 2(Water) |
| Road Frontage Type: | Public |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Utilities: | for Electric Range, for Electric Dryer, Washer Hookup |
| Zoning: | RB |
| Elementary School: | Choice |
| High School: | Somerville Hs |
| Middle Or Junior School: | Choice |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $120,000 |
| Insurance Expense: | $2,500 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | Yes |
| Color: | Blue |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Gre: | 21,450 |
| Heat Units: | 2 |
| Heat Zones: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 2 |
| Levels 2: | 2 |
| Listing Alert: | No |
| List Price Per Sqft: | $559.93 |
| Page: | 0220 |
| Price Per Sqft: | $559.93 |
| Square Feet Incl Base: | Yes |
| Uffi: | No |
| Year Round: | Yes |
| Net Operating Income: | $98,550 |
| Operating Expense: | $21,450 |
| Original List Price: | $1,850,000 |
| Parking Total: | 3 |
| Road Responsibility: | Public Maintained Road |
| Tax Assessed Value: | $1,416,100 |
| Tax Year: | 2026 |
| Total Actual Rent: | $10,000 |
| Water Sewer Expense: | $3,500 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 4 |
| Bedrms 2: | 4 |
| F Bths 1: | 3 |
| F Bths 2: | 3 |
| Hot Water: | Natural Gas, Tankless |
| Rent1: | 4,900 |
| Rent2: | 5,100 |
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 September 16, 2025 05:26 PM
Property Last Updated: September 15, 2025 10:52 AM
Listing Courtesy of: Gibson Sotheby's International Realty
Listing Agent: Lauren Holleran Team
