Open House: Sat 8/8 12:00 PM
28
17 Macarthur Street, Somerville, MA 02145
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$2,999,000
4 Unit
8 Beds
12 Baths
4160 SQFT
0.08 Acre

Property Description

**Open House Sat & Sun Aug 8 and 9 from 12:00 to 1:30** Rare opportunity to own a fully renovated four-unit investment package in Somerville’s highly sought-after Assembly neighborhood. This unique offering includes three newly created luxury residences in the main building PLUS a detached, newly constructed, fully sound-insulated cottage (ADU), providing an ideal mix of privacy, modern design, and exceptional income potential. Projected to deliver a 5%+ cap rate, this turnkey investment combines strong cash flow with long-term appreciation. Rents in MLS are estimated. Each residence features high-end finishes, designer kitchens with quartz countertops, premium cabinetry, luxury bathrooms, energy-efficient HVAC systems, in-unit laundry, and thoughtfully designed open floor plans. The detached cottage offers the feel of a private single-family home while benefiting from the convenience of an established multifamily property. All four units have been designed for low-maintenance ownership with modern building systems throughout. Just minutes from Assembly Row, Union Square, public transportation, restaurants, shopping, and major commuter routes, this is an exceptionally rare opportunity for investors or owner-occupants seeking a premium, income-producing asset.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 8
  • Total Full Baths: 9
  • Total Half Baths: 3
  • Basement Features: Full, Partial

Financial

  • APOD Available: No
  • Gross Operating Income: 166800
  • Net Operating Income: 166800

Utilities

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

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Foundation Info: Brick, Fieldstone, Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73560505
  • Last Updated: 08/06/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/06/2026New$2,999,000$721MLSPIN
08/06/2026Price Change$1,068,000$763MLSPIN
08/06/2026Price Change$2,150,000$752MLSPIN
08/06/2026Price Change$595,000$799MLSPIN
07/24/2026Active$648,000$870MLSPIN
07/20/2026Price Change$648,000$870MLSPIN
07/20/2026Active$495,000$825MLSPIN
07/19/2026Active$2,250,000$787MLSPIN
07/16/2026Price Change$495,000$825MLSPIN
07/15/2026New$2,250,000$787MLSPIN
06/20/2026Active$549,000$915MLSPIN
06/20/2026Active$695,000$933MLSPIN
06/20/2026Active$1,098,000$784MLSPIN
06/16/2026New$1,098,000$784MLSPIN
06/16/2026New$695,000$933MLSPIN
06/16/2026New$549,000$915MLSPIN

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Seller's Representative: The LIV Group, Berkshire Hathaway HomeServices Commonwealth Real Estate
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 2026-08-06 18:38:00