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INVESTMENT SNAPSHOT
About this property
This distinctive building offers strong curb appeal and undeniable character. Located on a tree-lined street, the property features six 1-bedroom, 1-bath units, making it an ideal addition to any investor’s portfolio. Front and back porches enhance tenant appeal. The building is equipped with central heat and hot water, providing efficiency and convenience. Paved driveway. Situated in a prime locale, this property offers easy access to the Gilman Square MBTA Green Line Station, connecting to Cambridge, Boston, and beyond. Close proximity to shops, dining, and entertainment. Current lease agreements in place through May 31, 2027.
Property details
| Units | 6 |
| Living area | 3,425 sqft |
| Lot size | 3,000 sqft |
| Year built | 1900 |
| Price / sqft | $540 |
| County | Middlesex |
| MLS # | 73496734 |
Listing status
| Days on market | 5 days |
| Listed on | April 6, 2026 |
Taxes & financials
| Annual property tax | $18,802 |
| Tax year | 2026 |
| Assessed value | $1,665,400 |
| Zoning | res |
| Gross income (actual) | $164,340/yr |
| Net operating income (actual) | $130,019/yr |
| Total actual rent | $13,695/mo |
| Electric expense | $633/yr |
| Insurance expense | $4,725/yr |
Building & lot
| Stories | 5 |
| Total rooms | 18 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Stone, Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Tile, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Somerville →
Listing courtesy of Compass — Maggie Dee + Charles Cherney Team. 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 3 Lee Street, Somerville MA 02145 have?
It is a 6-unit multi-family property with 3,425 sqft of living area, built in 1900.
How long has 3 Lee Street, Somerville MA 02145 been on the market?
3 Lee Street, Somerville MA 02145 has been listed for 5 days (since April 6, 2026).
What is the estimated cap rate on this 6-family in Somerville?
Based on area median rents, the estimated cap rate is about 7.8%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,850,000 across 6 units, that works out to roughly $308,333 per unit.
What are the property taxes on 3 Lee Street, Somerville MA 02145?
Annual property taxes are $18,802 (2026), on an assessed value of $1,665,400.
What is the price per square foot?
At $1,850,000 for 3,425 sqft, that's about $540 per square foot.
Is there parking?
2 total parking spaces (paved drive, off street).
Where is this property located?
3 Lee Street, Somerville MA 02145 is in Somerville, Middlesex County, MA 02145.
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