17 Belmont St, Somerville, MA 02143
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$1,789,000
2 Unit
6 Beds
6 Baths
2577 SQFT
0.06 Acre

Property Description

Yearly income of $107,000 makes for an excellent investment property for small investors with plenty of room to grow! Very low maintenance in one of the hottest neighborhoods. 8/10th mile from Porter Square and Davis Square. The property was fully renovated in 2022 with high-end finishes from Kohler and Porcelanosa, as well as central air and natural gas forced heat. Tenants pay all utilities except water and sewer. Red or Green line within 1 mile from Union Square, Porter Square or Harvard. Close to Harvard Grad school campuses via pedestrian Walk-way. Stop and Shop, Market Basket and Star Market with dozens of new upscale eateries. Great potential for either an owner occupant or grad student rental, each bedroom having separate baths and common yard out the back.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 6
  • Amenities: Highway Access, Laundromat, Park, Public Transportation, University
  • Basement Features: Full

Financial

  • APOD Available: No
  • Gross Operating Income: 107000
  • Gross Expenses: 4599
  • Electric Expenses: 216
  • Water/Sewer: 1097
  • Repairs & Maintenance: 2486
  • RFS: 600
  • Miscellaneous Expense: 200
  • Net Operating Income: 102201

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73362095
  • Last Updated: 04/22/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/21/2025New$1,789,000$694MLSPIN

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Seller's Representative: Ken Smith, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-22 10:36:00

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