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Sold on 07/14/2025

18 Summit Ave, Somerville, MA 02143

$2,140,000

Last sold 07/14/2025 for $2M

  • 6

    bed

  • 5

    bath

  • 4,715

    Sqft ($424/Sqft)

Multi-family not for sale
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About 18 Summit Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 6,208 Sqft
Movoto estimate
Rental estimate
Property description
Rare investment opportunity in one of Somerville’s most high-demand neighborhoods, Prospect Hill! Don't miss an incredible opportunity to own this historic 5 family home located on a quiet street just minutes (.05 mi) from the Union Square train station. Upon entering the foyer of this home you will notice the original woodwork of the main staircase & built in bench. Units 1-4 , each with their own unique layout, are spacious and provide 1 bedroom, bath, living room & kitchen. Unit 5 occupies the entire 3rd floor providing 2 generous sized bedrooms, living room, kitchen & bath. Perfect for investors or owner-occupants seeking rental income.
Listed by
Listing Agent - Jessica Mirabella
Listing Office - Coldwell Banker Realty - Lexington
Source: MLS Property Information Network, Inc. mls logo
MLS#73401630 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 11 minutes ago
Overview
Cooling/AC None
Heating Steam
Levels/Style 5, 5
MLS # 73401630
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 4715
Lot Size (SqFt) 6208
Lot Size (Acres) 0.14
Annual Property Tax 17721
Year Built 1900
Interior
Total # of Bathrooms 5
# Full Baths 5
Total # of Bedrooms 6
Basement Interior Entry, Concrete, Unfinished
Total # of Rooms 16
Flooring Hardwood, Tile
Appliances Range, Refrigerator
Interior Features Bathroom With Tub & Shower, Living Room, Kitchen
Exterior
Foundation Brick/Mortar
Roof Shingle
Construction Frame
Parking Desc On Street
Lot Desc Other
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Middlesex
Community Features Public Transportation
Zoning RA
APN 757900
Directions GPS
Multifamily Details
Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)
Net Operating Income 108060
Total Actual Rent 9005
Gross Income 108060
Lot/ Land Details
Road Frontage Public
$2.14M
Range: $1.86M-$2.41M
Last 30 days 
Rental est.: $6,238/month
Gross rent multiplier: 26.7
  • Sep 2025
    mls logo MLS # 73401630
  • Sep 2, 2025 Sold
    $2,000,000 (+5.3%)
  • Jul 16, 2025 Pending
    —
  • Jul 15, 2025 Active
    —
  • Jul 9, 2025 Listed
    $1,900,000
  • Jul 9, 2025 Listed
    $1,900,000
  • Year Property taxes Tax assessment
  • 2025
    $17,721 +3.7%
    $1,624,300
  • 2024
    $17,088 +2.8%
    $1,624,300 +1.04%
  • 2023
    $16,623 +4.2%
    $1,607,600 +2.55%
  • 2022
    $15,958 +4.7%
    $1,567,600 +4.79%
  • 2021
    $15,244 +3.0%
    $1,496,000 +2.0%
  • 2020
    $14,799
    $1,466,700
  • 18 Summit Ave
    $2M
  • Prospect Hill
    $844K +2% y/y
  • 02143
    $998K -18% y/y
  • Somerville
    $944K -4% y/y
No chart available
Statistics calculated by Movoto

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4/10
Somerville High School
public Grades 9-12
Somerville School District
Source: GreatSchools.org © 2026. All rights reserved.

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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 in 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.
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