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INVESTMENT SNAPSHOT
About this property
This well-maintained six-unit building WITH LEAD CERTIFICATES & sits in the heart of East Somerville, just minutes from Union Square, 900 feet to the T Station, public transit, and downtown Boston. It offers five spacious three-bedroom units and one four-bedroom unit—ideal for strong rental income in a high-demand area. Each unit has separate utilities, with tenants paying their own gas and electric, making management simple and efficient. All units feature washer and dryer hookups and use natural gas for heating. Updated boilers and hot water heaters boost comfort and energy performance. The apartments have flexible layouts, large bedrooms, and great natural light. With a solid rental history and potential for condo conversion, this property is a rare find in one of Somerville’s most accessible and rapidly growing neighborhoods. Unit six (3 bed) pays $2,700 (TAW) & has laundry hookups.
Property details
| Units | 6 |
| Living area | 6,755 sqft |
| Lot size | 3,868 sqft |
| Year built | 1910 |
| Price / sqft | $355 |
| County | Middlesex |
| MLS # | 73391369 |
Listing status
| Days on market | 357 days |
| Listed on | June 16, 2025 |
Taxes & financials
| Annual property tax | $26,468 |
| Tax year | 2025 |
| Assessed value | $2,426,000 |
| Zoning | CBD |
| Gross income (actual) | $162,000/yr |
| Net operating income (actual) | $114,054/yr |
| Total actual rent | $13,500/mo |
| Electric expense | $480/yr |
| Insurance expense | $5,978/yr |
Building & lot
| Stories | 3 |
| Total rooms | 30 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full |
| Foundation | Brick/Mortar |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Wood, Tile, Vinyl, Carpet, Laminate |
Utilities & systems
| Heating | Baseboard |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Dryer, Washer Hookup |
| Appliances | Range |
Location
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Listing courtesy of RE/MAX Innovative Properties — Raymond Boutin. 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 8 Everett St, Somerville MA 02143 have?
It is a 6-unit multi-family property with 6,755 sqft of living area, built in 1910.
How long has 8 Everett St, Somerville MA 02143 been on the market?
8 Everett St, Somerville MA 02143 has been listed for 357 days (since June 16, 2025).
What is the estimated cap rate on this 6-family in Somerville?
Based on area median rents, the estimated cap rate is about 6.0%, with a Signal Score of 94/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,400,000 across 6 units, that works out to roughly $400,000 per unit.
What are the property taxes on 8 Everett St, Somerville MA 02143?
Annual property taxes are $26,468 (2025), on an assessed value of $2,426,000.
What is the price per square foot?
At $2,400,000 for 6,755 sqft, that's about $355 per square foot.
Where is this property located?
8 Everett St, Somerville MA 02143 is in Somerville, Middlesex County, MA 02143.
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