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INVESTMENT SNAPSHOT
About this property
Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods. Group showings and OH Only. Thurs June 18: 12-1pm, Fri June 19: 12-1pm, OH Sat June 20: 12-1:30pm, Sun June 21: 12-1:30pm.
Property details
| Units | 6 |
| Living area | 6,020 sqft |
| Lot size | 3,333 sqft |
| Year built | 1900 |
| Price / sqft | $411 |
| County | Middlesex |
| MLS # | 73536580 |
Listing status
| Days on market | 4 days |
| Listed on | June 16, 2026 |
Taxes & financials
| Annual property tax | $12,575 |
| Tax year | 2026 |
| Assessed value | $1,145,280 |
| Zoning | MR3 |
| Gross income (actual) | $192,600/yr |
| Net operating income (actual) | $123,293/yr |
| Total actual rent | $10,850/mo |
| Electric expense | $6,269/yr |
| Insurance expense | $10,729/yr |
Building & lot
| Stories | 3 |
| Total rooms | 13 |
| Lot size | 0.08 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Foundation | Concrete Perimeter |
| Construction | Frame |
| Flooring | Wood, Tile |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Gas Oven |
Location
More about investing in Somerville →
Listing courtesy of a MLS PIN member office. 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 237 Highland Ave, Somerville MA 02143 have?
It is a 6-unit multi-family property with 6,020 sqft of living area, built in 1900.
How long has 237 Highland Ave, Somerville MA 02143 been on the market?
237 Highland Ave, Somerville MA 02143 has been listed for 4 days (since June 16, 2026).
What is the price per unit?
At a list price of $2,475,000 across 6 units, that works out to roughly $412,500 per unit.
What are the property taxes on 237 Highland Ave, Somerville MA 02143?
Annual property taxes are $12,575 (2026), on an assessed value of $1,145,280.
What is the price per square foot?
At $2,475,000 for 6,020 sqft, that's about $411 per square foot.
Where is this property located?
237 Highland Ave, Somerville MA 02143 is in Somerville, Middlesex County, MA 02143.
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