116 Prospect St, Somerville, MA 02143
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$1,600,000
3 Unit
4 Beds
3 Baths
2970 SQFT
0.11 Acre

Property Description

Rare opportunity in prime Somerville! 116 Prospect St, a three-unit multi-family offers exceptional value for both investors and owner-occupants. Ideally located just minutes from Union Square (and the Green Line) in Somerville and Cambridge’s Inman Square, this property offers unbeatable convenience. Each unit includes private laundry and dedicated storage, garage parking for all three units, plus five additional off-street parking spots. Enjoy private balconies for each unit, full living and dining rooms in the second and third floor units, as well as bonus rooms perfect for a home office or guest space. The updated first-floor unit features two bedrooms and modern finishes. A smart investment in a vibrant, connected neighborhood. Property being sold AS IS for seller's convenience.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Park, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Active Solar, Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Expenses: 5165
  • Water/Sewer: 2750
  • INSC: 2415

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Dryer, for Gas Dryer, for Gas Oven, for Gas Range
  • 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: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Laminate, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73396107
  • Last Updated: 06/25/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/25/2025New$1,600,000$539MLSPIN

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Seller's Representative: Michael O'Brien, ERA Key Realty Services- Fram
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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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.

MLS PIN data last updated at 2025-06-25 07:45:00

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