Beds7
Baths3
Sq.Ft.3,347
Year1890
Five Market Realty Group LLC
(978) 539-7335
Status:
Active
Property Type:Multi Family
MLS #:73147569
Sq. Feet:3,347
On Site:111 Days
Lot Size:0.19 Acres
County:Middlesex
This is a huge multifamily home in the Winter Hill Neighborhood of Somerville, less than a half mile from Assembly Row. You have great access to downtown Boston via route 93, Cambridge is less than 5 min drive. Somerville itself with all its restsurants, Davis Square, Mystic river reservation, Foss Park, supermarkets, and more. Property is in need of updating, but you have clearly a double size lot to work with. Two car garage, with three additional storage garages, plenty of room for gardening, and of course the multitude of off street parking. Two driveways on either side of the house for at least 6-8 cars. The two units are occupied, so only serious inquiries will be entertained with ample notice to both units.Proof of funds will be required to gain entry so as not to disturb occupants with curious eyes. Both units are TAW's. No open house scheduled on this property at this time, but given its location, size, and proximity to Boston and surrounding towns its a great investment.
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Price Change History
| Date | Old Price | New Price | Percent Change |
| 11/1/2023 | $1,999,900 | $1,500,000 | -25% |
| 11/5/2023 | $1,500,000 | $1,600,000 | 6.7% |
Community Information
Address:26-28 Melvin St, Somerville, MA 02145
County:Middlesex
City:Somerville
Zip Code:02145
Architecture
Bedrooms:
7
Bathrooms:
3
Year Built:1890
Stories:4
Construction Materials: Frame
Building Area: 3347
Roof: Shingle
Foundation: Block, Stone
Basement: Full, Partially Finished, Walk-Out Access, Concrete
Garage Yes/No: Yes
Garage Spaces: 4
Parking Features: Paved Drive, Off Street, On Street
Covered Spaces: 4
Parking Total: 6
Features / Amenities
Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Office/Den), Unit 3 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring: Wood, Tile, Concrete, Hardwood
Exterior Features: Porch, Patio, Gutters, Storage Shed, Fenced Yard, Fruit Trees, Garden Area
Patio And Porch: Porch, Patio
Door Features: Insulated Doors
Green Energy Efficient: Partial
Window: Insulated Windows
Cooling Yes/No: Yes
Cooling: Unit 1(Window AC), Unit 2(Window AC)
Heating: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas)
Total Rooms:16
Property Features
Lot Size:
0.19 Acres
Lot Features: Level
Utilities: for Gas Range, for Gas Oven
Sewer: Public Sewer
Water: Public
Electric: 100 Amp Service
Road Frontage: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Fencing: Fenced/Enclosed, Fenced
Zoning:RB
Directions:Route 28 to Edmands St. to Bonair St, to Melvin Street.
Tax and Financial Info
Tax Year: 2023
Tax Annual Amount: $11,452
Gross Income: $56,400
Net Operating Income: $36,852
Electric Expense: $348
Insurance Expense: $2,200
Water/Sewer Expense: $5,000
Operating Expense: $19,548
Total Actual Rent: $4,700
Rent Includes: Unit 1(Water), Unit 2(Water)
Buyer Agency Compensation:
Disclosures: Buyer or Buyer's agent must do own due diligence regarding this property as Sellers has not resided here for over 35 years.
Listing Agent/Office
Listing provided courtesy of Alexander Zedros, Century 21 Tradition.
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Listing Information Last Updated 11/29/2023
