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$ 2,475,000
Est. payment /mo
Open Thu 12PM-1PM
237 Highland Ave. Somerville, MA 02143
3,484 Sqft Lot
Open House
Thu Jun 18, 12:00pm - 1:00pm
Fri Jun 19, 12:00pm - 1:00pm
Sat Jun 20, 12:00pm - 1:30pm
Sun Jun 21, 12:00pm - 1:30pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73536582
HOA Y/N false
Year Built 1900
Annual Tax Amount $12,575
Tax Year 2026
Lot Size 3,484 Sqft
Acres 0.08
Property Description
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.
Location
State MA
County Middlesex
Zoning MR3
Direction GPS
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by Benoit Real Estate Group ,LLC