Prime investment opportunity in the heart of Somerville! This 3-family property offers roughly 3,600 sqft of living space across three spacious units, generating great rental income. Each unit features large living areas, in-unit dishwashers, and ample natural light, with 3 bedrooms and 1 bathroom per unit. 2 Off-street parking spots on a paved driveway add convenience. Located near Porter Square, Harvard University, Whole Foods, and public transportation, this property is perfect for investors or owner-occupants. Additional highlights include separately metered electric, natural gas heating, newer furnaces for all 3 units, vinyl siding, and a full basement with exterior access. Don’t miss this opportunity to own a high-income property in one of Somerville’s most desirable locations!
— MLSPIN #: 73366478Map of 5 Magnus Ave, Somerville, MA 02143
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| List Price: | $1,895,000 |
|---|---|
| Status: | Price Change |
| MLS ID: | 73366478 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02143 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 9 |
| Full Baths: | 3 |
| Living Area: | 3,573 sqft |
| Acres: | 0.07 |
| Taxes: | 17,524 |
| Flooring: | Wood, Tile, Carpet |
| Lot Features: | Corner Lot |
| Parking Features: | Paved Drive, Off Street, On Street, Paved |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Roof: | Shingle, Rubber |
| Directions: | Washinhgton St to Magnus Ave. |
| Foundation Details: | Stone |
| Electric: | 100 Amp Service, Individually Metered |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-04-29 |
| Lot Size Area: | 0.07 |
| Lot Size Square Feet: | 3,207 |
| Rooms Total: | 18 |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Full, Partially Finished |
| Building Area Source: | Public Records |
| Building Area Total: | 3,573 |
| Community Features: | Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, T-Station, University |
| Fencing: | Fenced |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Other Structures: | Shed(s) |
| Parcel Number: | M:65 B:A L:2, 756894 |
| Patio And Porch Features: | Porch |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range |
| Zoning: | RB |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Seller and listing agent makes no representations or warranties. Property is being sold as is, as seen. Buyers and their agents to do their own due diligence. Do not walk the property grounds without agent. Showings by appointment. Rents are projected and not actual. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $96,000 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Color: | Gray |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $530.37 |
| Page: | 0000 |
| Price Per Sqft: | $530.37 |
| Square Feet Disclosures: | Living area sqft is approx. |
| Square Feet Incl Base: | No |
| Net Operating Income: | $96,000 |
| Original List Price: | $1,995,000 |
| Parking Total: | 2 |
| Tax Assessed Value: | $1,606,200 |
| Tax Year: | 2025 |
| Total Actual Rent: | $12,000 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 3 |
| Bedrms 2: | 3 |
| Bedrms 3: | 3 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Rent1: | 4,000 |
| Rent2: | 3,500 |
| Rent3: | 4,000 |
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 May 06, 2025 03:59 AM
Property Last Updated: May 05, 2025 09:29 PM
Listing Courtesy of: Douglas Elliman Real Estate - The Sarkis Team
Listing Agent: The Sarkis Team
617-875-4950
