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INVESTMENT SNAPSHOT
About this property
BACK ON MARKET! EXCLUSIVE OPPORTUNITY AT 13 WARWICK STREET: A newly built 28-unit rental property in Somerville’s prime Spring Hill neighborhood—just 15 minutes from downtown Boston and close to Davis Square. Developed by SMT Development and Prominent Builders, who have completed 100+ projects in Somerville, the building offers condo-quality finishes and a unit mix of 10 studios, 2 one-bedrooms, 13 two-bedrooms, and 2 three-bedrooms, including 23 market-rate and 5 affordable units. Additional highlights include 11 garage parking spaces, a projected rent roll of $91,500 per month, and annual income potential of $1.1M. Located just a 5-minute walk to the Green Line T stop, the property will be delivered 100% complete with a certificate of occupancy expected by June 1st. Construction plans are available in the MLS documents; financials are available upon request. CALL FOR OFFERS 5/29/26
Property details
| Units | 28 |
| Living area | 26,718 sqft |
| Lot size | 10,277 sqft |
| Year built | 2026 |
| Price / sqft | $634 |
| County | Middlesex |
| MLS # | 73458059 |
Listing status
| Days on market | 32 days |
| Listed on | November 28, 2025 |
Taxes & financials
| Annual property tax | $1 |
| Tax year | 2025 |
| Assessed value | $1 |
| Zoning | 1 |
| Gross income (actual) | $1,100,000/yr |
| Net operating income (actual) | $850,000/yr |
| Total actual rent | $9,000/mo |
Building & lot
| Stories | 4 |
| Total rooms | 99 |
| Lot size | 0.24 acres |
| Garage spaces | 11 |
| Parking spaces | 22 |
| Parking | Paved Drive |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Somerville →
Listing courtesy of Fortune RE — Ryan Taylor. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 13 Warwick Street, Somerville MA 02144 have?
It is a 28-unit multi-family property with 26,718 sqft of living area, built in 2026.
How long has 13 Warwick Street, Somerville MA 02144 been on the market?
13 Warwick Street, Somerville MA 02144 has been listed for 32 days (since November 28, 2025).
What is the estimated cap rate on this 28-family in Somerville?
Based on area median rents, the estimated cap rate is about 4.0%, with a Signal Score of 73/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $16,950,000 across 28 units, that works out to roughly $605,357 per unit.
What are the property taxes on 13 Warwick Street, Somerville MA 02144?
Annual property taxes are $1 (2025), on an assessed value of $1.
What is the price per square foot?
At $16,950,000 for 26,718 sqft, that's about $634 per square foot.
Is there parking?
11 garage spaces and 22 total parking spaces (paved drive).
Where is this property located?
13 Warwick Street, Somerville MA 02144 is in Somerville, Middlesex County, MA 02144.
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