47 Dane Street, Somerville, MA 02143
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$1,850,000
2 Unit
8 Beds
6 Baths
3304 SQFT
0.06 Acre

Property Description

This renovated two-family is a prime investment opportunity close to Union Square (Green Line T), Inman Square and an easy commute by foot or bike to Harvard (Red Line T). It offers an outstanding opportunity for an investor seeking strong, stable rents with a current annual rent roll of $120,000 through August 2026. Both units offer private entry, stainless steel appliances, separate washer and dryer, as well as many updates - new roof (2025), new exterior siding (2025), floors, windows, trim, boilers, electric, sewer pipes, kitchens and baths, water lines, drywall (2017). Unit #1 - leased for $4,900/mo - 4 bedroom, 3 bath first and lower level unit with a private porch and deck. Unit #2 - leased for $5,100/mo - 4 bedroom, 3 bath upper duplex with a private balcony. Each unit has separate systems. Heating and electricity paid for by tenants. Three parking spaces. Capitalize on the underserved need for rental housing with a turn-key address in a dream location for investors.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 6
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, University, Walk/Jog Trails
  • Basement Features: Finished, Full, Interior Access, Other (See Remarks)
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Broadband, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 120000
  • Gross Expenses: 21450
  • Water/Sewer: 3500
  • INSC: 2500
  • Net Operating Income: 98550

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73428170
  • Last Updated: 09/09/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/09/2025New$1,850,000$560MLSPIN

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Seller's Representative: Lauren Holleran 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 2025-09-09 20:03:00

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