241 Highland Ave, Somerville, MA 02143
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$1,900,000
4 Unit
6 Beds
4 Baths
4247 SQFT
0.07 Acre

Property Description

Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Concrete Floor, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Ceiling Fans, Storage, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Range, Refrigerator
  • Common Heating: Central Heat, Extra Flue, Forced Air, Gas, Heat Pump, Hot Water Radiators, Oil, Steam
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 97800
  • Net Operating Income: 97800

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 4
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73513408
  • Last Updated: 05/06/26

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Map

Seller's Representative: The Boston ONE Team, Serhant
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 2026-05-06 08:54:00

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