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40 Cherry St, Somerville, MA

Somerville · MA 02144

$2,300,000
Price
11
Beds
4.5
Baths
4003
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1920
Units: 3 Units
Lot size: 5,165 Sq.Ft Lot
Price per square foot: $575 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

Massive Porter/Davis Square triple decker is a rarely available investment opportunity. This updated blue chip asset is steps to both the MBTA Redline Porter and Davis Sq stops, 1.5 miles from both the Harvard/Radcliffe Quad and Tufts University, and just over 3 miles from Boston Financial District. With a WalkScore of 95, a BikeScore of 96, this property also has a long history of top rental production. Each unit has over 1300 sf with one 3br/1.5ba apartment and 2 4br/1.5ba units, plus assigned ample parking for 6 cars in back. Recent updates include new siding, new back decks, updated kitchens and bathrooms. Fully leased @ almost $14,000/m from 9/1/23-8/31/24. A rare opportunity to start or bolster the savvy investor's portfolio.

Neighborhood & Transit

40 Cherry St, Somerville · MA 02144

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Porter Red Commuter Rail 1 route 0.27 mi
    • Fitchburg Line
  • Magoun Square Green 0.49 mi

Price Insight

Days on Market:
1231 days
Listing Price:
$2,300,000
Price per Sq.Ft:
$575
Tax Assessment:
$1,835,500 in 2023
Taxes:
$1,582 / Monthly

Home Facts

Interior Features

Bedrooms
11
Full Bathrooms
3
Half Bathrooms
3
Living Area
4,003 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
4003
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
5,165 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Charles Ball
Listing office
Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS PIN #
73127326
Disclosure
parking spaces 4,5,and 6 rented separately for $150/m, $175/m, and $175/m resepctively