281 Alewife Brook Pkwy, Somerville, MA 02144
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$1,125,000
2 Unit
5 Beds
2 Baths
2350 SQFT
0.11 Acre

Property Description

Directly across from Dilboy Field and close to Tufts and Teele Square, this well-maintained 2-family is a prime investment opportunity with strong rental income in place. Set on a dead-end cul-de-sac and tucked off the main street across from a newly added park, the first-floor 2-bed, 1-bath unit is leased through August 2026; the upper 3-bed, 1-bath unit with private porch is leased through August 2025. Both units offer hardwood floors, separate living and dining rooms, and period charm including built-in china cabinets. A fenced backyard and off-street parking for 3+ cars add value and appeal. With stable tenants and a desirable location near transit, parks, and universities, this property is a smart addition to any portfolio. Seller welcomes offers with requests for buyer concessions.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Heating: Active Solar, Central Heat, Electric Baseboard, Hot Water Radiators, Hot Water Radiators, Steam

Financial

  • APOD Available: No
  • Gross Operating Income: 78600
  • Net Operating Income: 78600

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: 1

Construction

  • Year Built: 1920
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73389240
  • Last Updated: 06/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/11/2025New$1,125,000$479MLSPIN

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Seller's Representative: Max Dublin Team, 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 2025-06-15 04:05:00

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